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Business Finance WEEK 7-8: Learning Task 1

This document contains 5 learning tasks that provide information about personal finance topics like budgeting, savings, and investing at different stages of life. It includes sample budgets and savings plans for individuals in their 20s and 30s. The assessment questions test understanding of concepts like the importance of financial planning and basic money management practices. In the reflection, the learner acknowledges a personal financial plan's benefits and their need to learn more about earning, spending, saving, and investing.

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Avegail Sayon
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122 views3 pages

Business Finance WEEK 7-8: Learning Task 1

This document contains 5 learning tasks that provide information about personal finance topics like budgeting, savings, and investing at different stages of life. It includes sample budgets and savings plans for individuals in their 20s and 30s. The assessment questions test understanding of concepts like the importance of financial planning and basic money management practices. In the reflection, the learner acknowledges a personal financial plan's benefits and their need to learn more about earning, spending, saving, and investing.

Uploaded by

Avegail Sayon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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BUSINESS FINANCE

WEEK 7-8

Learning Task 1:
1. True
2. False
3. False
4. True
5. True

Learning Task 2:
1. B
2. E
3. D
4. C
5. A

Learning Task 3:
1. Age: Early-Thirties to Early-Forties Individuals
2. Age: Mid-Sixties and Beyond
3. Age: Mid-Fifties Individuals
4. Age: Mid-Twenties Individuals
5. Early-Thirties to Early-Forties Individuals

Learning Task 4:
After Tax Earnings ₱ 42,000
Add: Dividends income from investment 12,000
Interest from bank deposits 3,500
Total 57,500
Less: Living expenses and others 16,500
Tuition Fee 25,000
Total 41,500
Savings for the year 16,000
Less: Withdrawals from bank savings 7,000
Net Savings 9,000
Add: Savings, beginning of the year 36,000
Savings, end of the year ₱45,000

Learning Task 5:
A. 25 yrs old

After Tax Earnings ₱ 120,000


Add: Investment income 30,000
Other income 25,000
Total 175,000
Less: Living Expense 50,000
Insurance 10,000
Others (Personal) 5,000
Total 65,000
Savings for the year 110,000
Less: Withdrawal from savings 35,000
Net Savings 75,000
Add: Savings, beginning of the year 45,000
Savings, end of the year ₱ 120,000

ASSESSMENT
1. C
2. A
3. A
4. C
5. B

VI. REFLECTION
 I understand that having a personal financial plan will help maintain discipline towards
maintaining within set targets and thus achieving the set goals. Through a financial plan,
you are in a better position to understand your financials through the set measurable
financial goals and the effects of decisions made.
 I realize that it isn’t just for those with a lot of money.
 I need to learn more about basic Practices in Earning, Spending, Saving, and Investing
Money

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