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#BawatBuhayMahalagaSaDSWD #SustainableLivelihoodProgram

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#BawatBuhayMahalagaSaDSWD #SustainableLivelihoodProgram

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#BawatBuhayMahalagaSaDSWD #SustainableLivelihoodProgram

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Sustainable Livelihood Program

Financial Education

Module 4:

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Planning: Basic level

Decision-Making Skills: Intermediate level

Financial Education

Module 4:

Target Competencies

Financial Management: Basic level

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Define financial budgeting and relate it to their household budgeting style.

​

Outline their everyday expenses and classify them between needs and wants.

​

Describe the importance of savings and devise their savings strategies.

At the end of the session, the participants will be able to:

Learning Objectives:

Module 4: Financial Education

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Explain investment and microinsurance, and assess their possible impact on financial status.�

Enumerate different forms of scams and classify measures to avoid them.

At the end of the session, the participants will be able to:

Learning Objectives:

Module 4: Financial Education

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PRE-GRANT REQUIREMENT

Module 4: Financial Education

Non-attendance on this training may result to withholding of your grant.

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Sustainable Livelihood Program

Financial Education

Module 4:

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Duration: 10 minutes

Pre-test

Instruction:

Choose the letter that corresponds to the correct answer using the “Gabay Workbook Pre-learning Assessment Test Answer Sheet”

Module 3.b: Basic Employment and Skills Training (BEST) Module

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Module 3.b: Basic Employment and Skills Training (BEST) Module

Pre-test

​

  1. Spending
  2. Savings
  3. Budgeting
  4. Hauling

1. This means not spending a portion of your income, in other words, putting some money aside.

Instruction: Choose the letter that corresponds to the correct answer

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FinEd in Your Everyday Life

Session 1

Duration:

60 mins

Module 4: Financial Education

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“Money Goals”

Activity 1

Instruction: �In your Gabay Workbook, draw your dream purchase 5 years from now.

Module 4: Financial Education

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“Money Jar”

Activity 2

Instruction: �

Module 4: Financial Education

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FINANCIAL

Session 1: FinEd in Your Everyday Life

PLANNING

Module 4: Financial Education

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WHY

Session 1: FinEd in Your Everyday Life

FINANCIAL

Module 4: Financial Education

PLANNING?

DO YOU NEED

Control over Spending

Security from Risk

Freedom from Worry

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WHY

Session 1: FinEd in Your Everyday Life

FINANCIAL

Module 4: Financial Education

PLANNING?

DO YOU NEED

Sustainable Lifestyle

Freedom from Debt

Realizing Goals

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“Add to Cart na ‘yan”

Activity 3

Instruction: �On the checklist table above the shopping cart, write down your top three (3) best Budgeting attitude that you should do to reach your financial goal in activity #1.

Module 4: Financial Education

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BUDGETING

Session 1: FinEd in Your Everyday Life

Module 4: Financial Education

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Session 1: FinEd in Your Everyday Life

Module 4: Financial Education

STEP 1

STEP 2

STEP 3

STEP 4

Compute your monthly net income

Combine all your expenses

Subtract your expenses from your income

Reduce your Expenses

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Session 1: FinEd in Your Everyday Life

Module 4: Financial Education

REVERSE

BUDGETING

Savings first before spending

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Session 1: FinEd in Your Everyday Life

Module 4: Financial Education

BALANCED

BUDGETING

50/30/20 Rule

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Session 1: FinEd in Your Everyday Life

Module 4: Financial Education

ENVELOPE

BUDGETING

Uses envelope to budget your expenses and savings

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Session 1: FinEd in Your Everyday Life

Module 4: Financial Education

SAVINGS

means not spending a portion of your income, in other words, putting some money aside.

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Session 1: FinEd in Your Everyday Life

Module 4: Financial Education

IMPORTANCE OF SAVINGS

Medical and Repairs

Job loss

Sickness and Injury

Apartment Rentals

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Session 1: FinEd in Your Everyday Life

Module 4: Financial Education

IMPORTANCE OF SAVINGS

Buying a House

Education

Retirement

Funeral

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“Simple Life, Simple Budget”

Activity 4

Instruction: �Using the provided “Simple Budget Plan”, list your total net income and monthly expenses. Budget wisely your income versus to your expenses.

Module 4: Financial Education

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Smart Financing in Business

Session 2

Duration:

60 mins

Module 4: Financial Education

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Session 2: Smart Financing in Business

Module 4: Financial Education

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Session 2: Smart Financing in Business

Module 4: Financial Education

VS

MARK-UP

MARGIN

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Session 2: Smart Financing in Business

Module 4: Financial Education

VS

MARK-UP

MARGIN

Cost + (Cost x Margin) = Selling Price

​

₱67.00 + (₱67.00 x 40%) = ?

​

₱67.00 + ₱26.8 = ₱93.8

​

₱93.8 = Selling Price (using markup)

Cost x Margin = Markup Amount

​

₱67.00 x 40% = ₱26.8

​

Cost + Markup Amount = Selling Price

​

₱67.00 + ₱26.8 = ₱93.8

​

₱93.8 = Selling Price (Using Margin)

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“Pricing Galing!”

Activity 5

Instruction: �Using the formula of Markup and Margin, compute the best selling price of your product/service to be sold on your submitted project proposal/mungkahing proyekto.

Module 4: Financial Education

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Session 2: Smart Financing in Business

Module 4: Financial Education

REVENUE

GROSS PROFIT

OPERATING PROFIT

NET PROFIT

COST OF GOODS SOLD

OPERATING EXPENSES

TAXES

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“Kwenta Tayo!”

Activity 6

Instruction: �Using the provided daily sales record, put a sample daily revenue and assumptive operational expenses to compute for your net income.

Module 4: Financial Education

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Debt No More!

Insurance at Investment pa More!

Session 3

Duration:

60 mins

Module 4: Financial Education

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“Did not See that Coming”

Activity 7

Instruction: �In your bingo card, fill-up all empty boxes with your possible habit or reason to be in a debt trap.

Module 4: Financial Education

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“Find my Face”

Activity 8

Instruction: �Help Pedro find his face after you put yourself in his situation. Read the story of Pedro on your workbook and draw his face in the faceless man below.

Module 4: Financial Education

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Session 3: Debt No More! Insurance at Investment pa More!

Module 4: Financial Education

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Module 4: Financial Education

  • Do I really need this?
  • Must I have it today?
  • How much do I need?
  • Can I afford the amortization?
  • Can I manage the debt?

Session 3: Debt No More! Insurance at Investment pa More!

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

LOAN AMOUNT

INTEREST

PRINCIPAL

AMORTIZATION

TERMS

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

Debt is not bad at all. There is a bad and good debt.

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

DEBT STACKING

DEBT SNOWBALL

is done by listing your debts and prioritizing a debt with high interest.

is you prioritize the smallest borrowed amount.

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

  • Talk to your creditor for arrangement and payment adjustments.
  • Manage your spendings. Remove unnecessary purchases.
  • Look for other income streams.

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

IMPORTANT

BUSINESS?

WHY DO YOU THINK

TO YOUR

INSURANCE IS

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

DIGITAL

FINANCIAL

LITERACY

is acquiring the knowledge, skills, confidence, and competencies to safely use digitally delivered financial products and services, to make informed financial decisions. Your birthday, cell phone number, search history, tagged photos, browsing history, and likes and comments are part of your digital footprint.

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

  • Do not share too much information on your social media accounts.
  • Avoid using apps and games that collect facial data, as these can be used to mine your facial recognition to bypass security in your financial transactions.

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

If you receive this message, what is the best thing to do?

IGNORE

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Module 4: Financial Education

Session 3: Debt No More! Insurance at Investment pa More!

  • Text Scams
  • Unexpected Money Scam
  • Romance Scam
  • Threat, Extortion Scam
  • Donation, Charity Scam
  • Travel Troubles Scam
  • Job Offer Scam
  • Unexpected Prize Scam

DO NOT EVER ENGAGE!

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“Debt Escape”

Activity 9

Instruction: �Imagine yourself in a debt hole, let’s escape the hole using the debt paying plan provided in your workbook.

Module 4: Financial Education

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#BawatBuhayMahalagaSaDSWD #SustainableLivelihoodProgram

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Post-test

Instruction:

Choose the letter that corresponds to the correct answer using the “Gabay Workbook Pre-learning Assessment Test Answer Sheet”

Duration: 10 minutes

Module 4: Financial Education

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Post-test

​

  1. Spend then Save Budgeting
  2. Envelope Budgeting
  3. Reverse Budgeting
  4. Balanced Budgeting

1. Which is NOT a budgeting technique?

Instruction: Choose the letter that corresponds to the correct answer

Module 4: Financial Education

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At the end of the session, the participants will be able to:

Learning Objectives:

Define financial budgeting and relate it to their household budgeting style.

​

Outline their everyday expenses and classify them between needs and wants.

​

Describe the importance of savings and devise their savings strategies.

Module 4: Financial Education

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At the end of the session, the participants will be able to:

Learning Objectives:

Explain investment and microinsurance, and assess their possible impact on financial status.�

Enumerate different forms of scams and classify measures to avoid them.

Module 4: Financial Education

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​

You have successfully accomplished the

Financial Education!

Congratulations!

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#BawatBuhayMahalagaSaDSWD #SustainableLivelihoodProgram

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#BawatBuhayMahalagaSaDSWD #SustainableLivelihoodProgram

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#BawatBuhayMahalagaSaDSWD #SustainableLivelihoodProgram