EDUM - 543

FINANCIAL PLANNING
& MANAGEMENT

LOURDES E. GUANZON PhD

Professor
WHAT IS FINANCIAL PLANNING?

 Financial planning is the process of taking a

comprehensive look at your financial situation and
building a specific financial plan to reach your
goals. As a result, financial planning often delves into
multiple areas of finance, including investing, taxes,
savings, retirement, your estate, insurance and more.
LISTENING
Focusing on your concerns, goals,
desires, and dreams

Listening enables you to acquire facts so that you can

make decisions on financial that benefit in the school
systems and governments. It is essential to building
trust and can reduce conflict among school administration
and the teachers.
ANALYZING
Developing alternatives to consider
It supports the financial plan and sets forth a process
to ensure the objectives set are achievable from a financial
point of view and if the objectives will not achieve there are
alternatives to consider.

Adequate financial planning and analysis creates an

understanding of how well you project your business will do and
measures your success relative to that projection alternatives will
be considred.
PLANNING
 Financial planning is the process of taking a
comprehensive look at your financial situation
and building a specific financial plan to reach
your goals and to make decision.
 Financial Planning is a vital part of financial
management where in the decision can be
created.
IMPLEMENTING
 A financial plan is a plan that directs how you will
manage your money in order to make progress
toward your goals. Simply knowing what you want
will not get you there: you need a real plan to make it
happen and implemented. And it should be written
down, with clear goals and actionable steps that can be
measured in some way.
MONITORING
 Enables to review of your financial plan to determine
whether your pre-determined goals are achievable,
given the present circumstances, and also allows you
to make them more realistic.

 The State budget or projects should consider and report

performance at various levels of objectives and
targets including input, activity, output, outcome and
impact.
Assignment:
1.Give your reaction on how important
financial planning in our daily life, explain
comprehensively.

2. Explain each Financial planning and control

in our school financial planning and its
important.

Pls! submit your answer in my email add.