This document provides tips on building financial freedom through budgeting and money management. It discusses 10 things to do, including getting a grip on desires, committing to becoming debt-free, and praying before paying. Other sections cover understanding cash flow, needs versus wants, improving cash flow, making more money through side jobs, proper spending habits like paying yourself first, and creating a realistic budget. The document also discusses emergency funds, different bank accounts, joint accounts, and saving money.

1. Saving, Spending,
& Budgeting
CHAPTER 2

2. #10 Get a Grip on Desire
#9 Forget About Your 'Sosyal' Friends
& Relatives
#8 Start Tithing & Keep on Tithing
10 Things to do to build
FINANCIAL FREEDOM

3. #7 Commit Yourself to Becoming Debt-
Free
#6 Save, Save, Save
#5 Spend Wisely
10 Things to do to build
FINANCIAL FREEDOM

4. #4 Invest Wisely
#3 Avoid Indulgences
#2 Gain Victory Through Vision
#1 Each Day, Pray Before You Pay
10 Things to do to build
FINANCIAL FREEDOM

5. Understanding
Cash Flow
Be Enterprising
Spend Less
Money
Make More
Money
Invest on
Learning
Needs vs. Wants
Improving Cash Flow

6. Expenses that we need in
order to survive or to
live a life of relative
comfort and security.
Non-Discretionary
Expenses

7. Expenses that are not
needed to survive but
rather are spent to give
us some form of
gratification.
Discretionary
Expenses

8. Get a second
job
Freelancing
Buy & Sell
Be a TNVS
Driver
Rent out your
house
Making More Money

9. jUST MAKING A LOT OF MONEY
WON'T SOLVE YOUR PERSONAL
FINANCE PROBLEMS. YOU SHOULD
ALSO KNOW HOW TO BUDGET
AND HOW TO PROPOERLY SPEND
THAT INCOME.
DO'S & DONT'S OF
SPENDING MONEY

10. Spending your income and
saving what is left
DO
Set aside money for
savings first before
spending
DON'T
Buy generic items as
these cost less for
virtually the same thing
Buying branded items all
the time

11. Using out-of-network
ATMs as those extra fees
can add up
DO
Use your bank's ATMs to
avoid extra charges
DON'T
Shop only when you have
a list of things to buy
Impulse shopping, sudden
purchases

12. Spending mindlessly until
you run out of money
DO
Tracking and reviewing
your expenses
DON'T
Investing on legit
investments vehicles
Relying on lottery tickets

13. Buying too much apps and
not using them
DO
Look for free apps which
can substitute those paid
ones
DON'T

14. Money
Management
Apps
1
2
3
BUDGET TRACKING APPS
DEBT MANAGEMENT APPS
INVESTMENT APPS
MONEY MANAGER
EXPENSE MANAGER
MONEYFY
DEBT TRACKER
DEBT MANAGER
DEBT PAYOFF
PLANNER/ASSISTANT
ONLINE BANKING
ACCOUNTS
INVESTAGRAMS

15. Create a Financial Tracker and
Planner.
Indicating the following:
Savings Tracker
Expenses Tracker
Budget Tracker
What Can I do to improve My
Spending Habits?
LET'S TRY

16. NEEDS VS WANTS
RATIOS

17. EARNING VS SPENDING
RATIOS

18. AMORTIZATION RATIO
RATIOS

19. SAYING NO TO
IMPULSIVE
SPENDING
Track your expenses
Stay focused on your goal
Leave your credit cards at
home

20. GREED
FEAR
IGNORANCE
1.
2.
3.
Dangerous Money
Behaviors

21. Bills that charge fees
Paying Off Debts
Small, Everyday Purchases
1.
2.
3.
When to Pay
with CASH

22. Price Protection
Extended warranties for
electronics
Hotel Stays and rental cars
International Travel
Large purchases
1.
2.
3.
4.
5.
5 times it makes
more sense to use a
credit card

23. Why an
Emergency Fund?
EMERGENCIES DO HAPPEN
RELIEVES STRESS
RISK REDUCTION

24. How much E-Fund
should I build?
THREE MONTHS WORTH IS
GOOD
FOUR MONTHS WORTH IS
BETTER
3
4
5
6
FIVE MONTHS WORTH IS
GREAT
SIX MONTHS WORTH IS
EXCELLENT

25. EMERGENCY
FUND TIPS
Don't invest your
emergency funds.
keep some of those
emergency funds in cash.
Keep your emergency funds
to a maximum of 6 months
worth a expenses only.
If you are comfortable
with managing multiple
accounts, a separate
savings acct for your e-
funds ia a good idea.

26. HOW TO SAVE
AND ENJOY
YOUR MONEY
AT THE SAME
Pay yourself first
Budget
Set aside some money for
guiltless spending

27. 5 STEPS FOR
CREATING A
BUDGET YOU
CAN STICK TO
START WITH YOUR GOALS
KNOW YOUR INCOME
1
2
3
4
TOTAL YOUR MONTHLY
EXPENSES
CREATE A REALISTIC BUDGET
5
REVISIT YOUR GOALS AND
EXPERIENCES

29. Checking Accounts
Savings Accounts
Money Market Accounts
Certificates of Deposits (CDS)
1.
2.
3.
4.
4 Accounts and
When to use them

30. The PROS and
CONS of Joint
Checking Accounts

31. HIGHLIGHTS DIFFERENT
SPENDING STYLES
PROS
CONVENIENCE
EASY TO KEEP TRACK OF
BILLS
NO PRIVACY
TEAMWORK
REDUCES FEES
CONS
POTENTIAL FOR FIGHTS
ABOUT MONEY
DIFFICULT TO SEPARATE

32. SAVE MONEY AND
MONEY WILL SAVE
YOU
THANK YOU FOR LISTENING!
MRS. KATRINA MARIE M. MIRANDA, MBA
INSTRUCTOR, ELEC 1