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Math. Cristel Ann B. Tarrayo

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Genilyn Oclarit
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25 views3 pages

Math. Cristel Ann B. Tarrayo

Uploaded by

Genilyn Oclarit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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.

My
Personal
Finances
Submitted by:

TARRAYO, CRISTEL ANN B.

BSCriminology 1-B

Submitted to:

BRANZUELA, NEIL DARRYL G.

Instructor

Date Cash-In Cash-out Balance

04/22/2024 Allowance - 100 Lunch -50 50


04/23/2024 Allowance -200 Lunch -60 140

04/24/2024 Allowance - 100 Lunch - 35 65

04/25/2024 Allowance -150 Lunch -60 90

04/26/2024 Allowance -100 Lunch -50 50

Total: 650 255 395

Reflection / Interpretation
Having a solid understanding of personal finance principles is crucial for achieving
financial security and independence. In today's world, where the cost of living continues
to rise and financial responsibilities become increasingly complex, being financially
literate can make a significant difference in our ability to manage our money effectively.

One of the fundamental aspects of personal finance is setting clear financial goals.
Whether it's saving for a down payment on a house or house rental, building an
emergency fund, or other school finances, having specific and measurable goals can
provide direction and motivation. By establishing these goals, we can prioritize our
spending and make informed decisions about where to allocate our resources.

Budgeting is a powerful tool that can help us gain control over our finances. By creating
a budget and tracking our expenses, we can identify areas where we may be
overspending and make adjustments accordingly. This practice not only promotes
financial discipline but also helps us understand our spending patterns and make more
informed choices.

Building a solid savings and investment plan is crucial for long-term financial security.
By setting aside a portion of our income for savings and investing in diversified
portfolios, we can create a cushion for unexpected expenses and build wealth over
time. Compound interest can be a powerful ally in achieving our financial goals, but it
requires discipline and patience.

Personal finance is not a one-time lesson; it's an ongoing journey of learning and
adapting to changing circumstances. Seeking out reliable sources of financial
education, such as books, online resources, or professional advice, can help us stay
informed and make better decisions as our financial situations evolve. In conclusion,
personal finance is a multifaceted topic that requires a combination of knowledge,
discipline, and proactive planning. By embracing financial literacy, setting goals,
budgeting, managing debt, saving and investing, and continuously learning, we can take
control of our financial futures and work towards achieving financial security and
independence.

Evidence

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