The document provides guidance on creating a personal financial snapshot and balance sheet to track assets, liabilities, and net worth over time. It encourages individuals to know their target net worth by age, record all money inflows and outflows, and craft a balance sheet listing current assets, long-term assets, current liabilities, and long-term liabilities to calculate a net worth. Creating a regular personal financial snapshot can help track financial progress and see how net worth changes over time.

1. 1.Know prescribed net
worth per age.
2.Track personal
money inflows and
outflows.
3.Craft a personal
balance sheet

2. Your Financial Snapshot
Assets = Liabilities + Net Worth
ASSETS
Stuff with
you
What you have
LIABILITIES
Someone
else
Who really owns it
NET WORTH
You

3. PERSONAL BALANCE SHEET: CURRENT ASSETS
CURRENT ASSETS AMOUNT
Cash on Hand and in Bank
Time Deposits
Money Market Accounts
Insurance Policy Cash Value
Collectibles
Appliances
Sub-total

4. PERSONAL BALANCE SHEET: LONG TERM ASSETS
LONG TERM ASSETS AMOUNT
Stocks
Bonds
Mutual Funds
Unit Investment Trust Funds
Pre-need Insurance Policies
Sub-total

5. PERSONAL BALANCE SHEET: LONG TERM ASSETS
LONG TERM ASSETS AMOUNT
Retirement Provident Funds
House and Lot
Home Furnishings
Automobiles
Others
Sub-total
Total(a)

6. PERSONAL BALANCE SHEET: CURRENT LIABILITIES
CURRENT LIABILITIES AMOUNT
Credit Card Balance
Personal Bank Loans
Loans from Relatives
Others
Sub-total

7. PERSONAL BALANCE SHEET: LONG-TERM
LIABILITIES
LONG TERM LIABILITIES AMOUNT
Auto Loans
Housing Loans
Insurance Policy Loans
Others
Sub-total
Total(b)
MY NET WORTH (a-b)

8. NET WORTH
Amount
Total Assets 5 Million
Total Liabilities 3 Million
Net Worth 2 Million

9. MAGKANO KA?
Age Net Worth
21 1 month salary
30 1 year salary
40 3 years salary
50 6 years salary
60 10 years salary

10. ACTIVITY

11. COMPLETE THE DATA ON THE
TABLE
Total Assets
Total
Liabilities
Net Worth
Student A P100,000 P50,000 ?
Student B P150,000 ? P75,000
Student C P200,000 ? P100,000
Student D P500,000 P200,000 ?
Student E ? P1,000,000 P500,000

12. COMPLETION
Total Assets
Total
Liabilities
Net Worth
Student A P100,000 P50,000 P50,00
Student B P150,000 P75,000 P75,000
Student C P200,000 P100,00 P100,000
Student D P500,000 P200,000 P300,000
Student E P1,500,000 P1,000,000 P500,000

13. Personal Balance Sheet: Assets
Current Assets Amount
(in Pesos)
Questions, Comments or Notes
Cash on Hand or and in Bank
Time Deposits
Money Market Accounts
Insurance Policy Cash Value
Appliances
Jewelry
Accounts Receivable
Business inventory
Gadgets
Sub-Total

14. Long Term Assets Amount
(in Pesos) Questions, Comments or
Notes
Stocks
Bonds
Mutual Funds
Retirement Funds
House and Lot
Car
Others:
Sub-Total

15. Personal Balance Sheet: Liabilities
Current Liabilities Amount
(in Pesos)
Questions, Comments
or Notes
Loans
Personal Loans
Loans from Relatives and/or
Friends
Others
Sub-Total

16. Long Term Liabilities
Amount
(in Pesos)
Questions, Comments
or Notes
Auto Loans
Housing Loans
Insurance Policy Loans
Others
Sub-Total

17. Personal Balance Sheet: Net Worth
Amount
Total Assets (Current Assets + Long Term Assets)
Total Liabilities
(Current Liabilities + Long Term Liabilities)
Net Worth (Total Assets – Total Liabilities)

18. FINANCIAL PLANS
• It serves as a roadmap in guiding a person through their
financial life.
• It includes budgeting, saving plan, retirement plan, and goals.
• It is critical that students begin thinking of all financial aspects,
even retirement.

19. 1. Knowing where you are, financially
2. Deciding where you want to go
3. Formulating a budget
4. Match financial goals with source of income
5. Keeping tab of your
Steps in Financial Planning

20. FINANCIAL GOAL
• A goal is a written
statement of something
a person wants or needs
to accomplish.

21. FINANCIAL GOAL
• It must be Specific,
Measurable,
Attainable, Realistic,
and Time-bound
(SMART).

22. FINANCIAL GOAL
• A goal is more than a wish.
• It must address all the obstacles that
may defeat them.
• Goals are essential in creating a financial
plan.
• Goals help people visualize where they
want to be in the future

23. EXAMPLE: TOP 5
FINANCIAL GOALS OF
OFWS
• Retirement fund
• Build a house
• Establish a business
• Send children to school
• Savings for children

24. ASPECTS TO CONSIDERING IN
SETTING FINANCIAL GOALS
• Know your self.
• Monetizing our financial goals
• Timing or Setting your Timeframe
• When do you want to meet or
achieve your goal?
• Prioritize your financial goal
• Inform your family.

25. KNOW YOURSELF FIRST…
• Society and its Culture
• Emotions
• Financial Resources
• Peer Pressure
• Scarcity
• Wants - is something that simply increases the quality of
living
• Needs - is a basic of life, like food, water, and shelter
• Advertising, marketing, and the media
Factors that Influences Financial behavior

26. 5 STEPS TO SET ACHIEVABLE
FINANCIAL GOAL
Expect Expect the best
Give
Give your self time to plan it out and accept that
your financial goals are long term process
Think Think big but start small
Align Align your goals with your values
Realize Realize your core values

27. PT 1 - FINANCIAL GOALS

28. SAMPLE
PRI
ORI
TY
GOALS Purpose Budget Time
Frame
SOURCE OF INCOME
1
Have
Investment or
Business
Source of
passive
income,
support
50,000 1
year
from
now
20% from the active
income
(salary, part-time and
sideline job)
2
Study College
and have a
degree
To find a
better
job and
salary
100,000 2
years
from
now
15-20% from the
active income
(salary, part-time and
sideline job)

29. Priority
/
Rank
Goals Reason Budget
Time
Frame
Source of
Income
1
2
3
4
5
6
7
8
9
10