Financial Fitness Module for Entrepreneurship Development Program

1. Mindanao Youth for Development (MYDev) Program
Module 7 Overview:
Financial Fitness
Presenter:
Gernie Bhabes M Balco

2. Mindanao Youth for Development (MYDev) Program
Who are these people?

3. Mindanao Youth for Development (MYDev) Program
They are…………….
PHYSICALLY
FIT!

4. Mindanao Youth for Development (MYDev) Program
An athlete have to be
Physically FIT to perform
BETTER in a sports
competition.
People have to be
Financially FIT to attain a
BETTER life.

5. Mindanao Youth for Development (MYDev) Program
If you want to feel better about
your life, you need to get fit.
Being financially healthy has
some of the same benefits as
being physically fit. You can
lower your stress level, sleep
better, be energized and have
more control over your future.

6. Mindanao Youth for Development (MYDev) Program
What is Financial Fitness?
The ability to make informed choices about finances and to
understand how your choices are going to impact your wallet and
your life.
People who are financially fit know how to make decisions that
will help them enjoy life and ensure their basic needs are met.
Financially fit people plan for their future and can manage
financial surprises because they’ve trained for these situations by
SAVING and PLANNING

7. Mindanao Youth for Development (MYDev) Program
Module 7 : Financial Fitness
 Activity  Time
 Session 1: Need for Finance 1 hr 15 min
1: Needing and Accessing Money and Learners’ Reflection 1 hr 15 min
Session 2: Financial Fitness 1 hr 45 min
2: Becoming Financially Fit and Application 1 hr
3: Decreasing Spending 45 min
 Session 3: Saving 1 hr 55 min
4: What is Saving? 35 min
5: Savings Goals 30 min
6: Where to Save and Application 50 min
 Session 4: Managing Debt 40 min
7: How to Avoid Debt 40 min
 Session 5: Record-Keeping and Budgeting 1 hr 40 min
8: Basic Record-Keeping 1 hr
9. Personal Budgeting 40 min
 Session 6: Exploring Savings & Loans in the
Philippines
3 hrs
10: Financial Structures and Institutions and Application. 3 hrs
Total Time: 10 hrs 15 min
Similar topics in TR Basic/Common Competencies
NC 1 – Perform estimation and calculation
Similar topics in TR Basic/Common Competencies
NC 2 – Perform Record Keeping

8. Mindanao Youth for Development (MYDev) Program
Module 7 : Financial Fitness
 Activity  Time
 Session 1: Need for Finance 1 hr 15 min
1: Needing and Accessing Money and Learners’ Reflection 1 hr 15 min
Session 2: Financial Fitness 1 hr 45 min
2: Becoming Financially Fit and Application 1 hr
3: Decreasing Spending 45 min
 Session 3: Saving 1 hr 55 min
4: What is Saving? 35 min
5: Savings Goals 30 min
6: Where to Save and Application 50 min
 Session 4: Managing Debt 40 min
7: How to Avoid Debt 40 min
 Session 5: Record-Keeping and Budgeting 1 hr 40 min
8: Basic Record-Keeping 1 hr
9. Personal Budgeting 40 min
 Session 6: Exploring Savings & Loans in the
Philippines
3 hrs
10: Financial Structures and Institutions and Application. 3 hrs
Total Time: 10 hrs 15 min
TESDA’s 21st Century Skills
Competencies
Competency/Module NC/Units of Competency/Learning
Outcome
Life Long
Learning and
Career
Development
(recommended
by EDC to be
included under
this
competency)
NC 1 (Unit 2) – Work
Effectively and Sustainably
(Perform effectively and
sustainably in the
workplace, particularly in
maintaining work
ethics, maintaining self-
discipline and self-
confidence,)
Similar topics in TR
Basic/Common Competencies
NC 2 – Perform Record Keeping
NC 1 – Perform estimation and
calculation

9. Mindanao Youth for Development (MYDev) Program
Learning Outcomes in Module 7
Knowing your financial needs
Decreasing Expenses
Appreciate the value of Savings
Setting Savings Goals
Keeping Out of Debt
Knowing to keep records
Knowing where to Save
Opening a Savings Account