personal finance

3. WHAT IT TAKES TO BE RESPONSIBLE?

4. How To
Manage Your
Personal
Financial
Effectively?

5. What do you thinks is the right formula
for effective Budgeting?
Income – Savings = Expenses
Income – Expenses = Savings

9. Tips on how to do Proper Budgeting
1. Embrace the Ongoing Process of Budgeting
2. Calculate Your Monthly Income
3. Add Up Your Necessary Expenses
4. Add “Pay Yourself” Line Items
5. Plan for Your Discretionary Expenses
6. Compare and Adjust
7. Implement and Track Your Spending

10. What comes into your Mind when you see this Pictures?

12. How can you identify if a loan is
worth it?

13. 5 Questions to Ask Yourself Before Taking
out a Loan
• Is This Purchase Necessary Right Now?
• Can I Purchase Something Less Expensive Instead?
• Can I Afford to Make the Payments?
• How Fast Can I Pay It Off?
• What Happens If I Can't Pay It Off?

14. Pay attention to
your financial
practices or
otherwise, your
child is the one who
will pay for your
mistakes.