Become so Financial

inanciaØy secure Wellness

¢§ you o,g§ Journal
it’s payday! A Personal Financial
Management Training for
DepEd Employees
 Congr§ul§ions!
You are on your way to financial fitness. You’ve learned basic
money management skills, the difference between good and
bad debt, the basics of investing, protecting yourself from
fraud and scam, and other life skills.

Getting started your journey is one thing but staying on

course is another. So, keep yourself on track by practicing
discipline and diligence in your financial plans! You may also
seek guidance from professional financial advisors and mentors.

Financial Wellness Pledge

I, JAMAICA S. SALAMANCA (name) from SDO San Jose City
PINAGCUARTILAN ELEMENTARY SCHOOL (school) finished the
Personal Financial Management Training conducted by SDO
Accounting Unit on
April 29-30, 2021(date of training) do hereby solemnly pledge
that, I shall value and to live, to the best of my ability, the
knowledge and skills that I gained from the Online Training, in
my school.

I shall likewise endeavor to apply the lessons learned from

the Training through the PFM Journal Planner to complete
the PFM Training Program that in the end improves my own
financial literacy/management and financial capability and
freedom that I may be able to share the learnings/lessons
with my students, family, and friends.

I will uphold this commitment and undertake to keep myself

financial healthy as individual and duly competent teacher
financially.

SO HELP ME GOD.
NOTES
WELCOME TO YOUR JOURNEY TO
FINANCIAL WELLNESS
There’s no better time to take control of your current and future
finances than now. It is the best time to set goals for financial
freedom, starta smart savings plan, grow your money, and take
advantage of credit and investment opportunities out there. In short,
it’s time to build those financial muscles and be financially fit
starting today!

Whatever state your financial health may be, this journal is

designed to help you as you journey towards financial wellness.
Let’s get started!

COURSE OBJECTIVES:
1. To support teacher and all DepEd personnel in their journey
toward financial freedom. DepEd personnel are in a strategic
position to shape and influence prudent financial values and
behavior of every learner, their peers, and their communities. As
educators, it is important that DepEd personnel are seen as role
models of financial well-being.
2.To support DepEd in its pursuit of holistic development of
teaching and non-teaching personnel, not just in professional
aspects but also in financial wellness so they can continue to
uphold the dignity of the teaching profession.

COURSE OUTLINE:

Module 1
Valuing Proper Value
Module 5
Basics of Investing
Module 2
1 Financial Planning Module 6
Fraud and Scam
Module 3
PSaving & Budgeting
Module 7
Consumer Protection
Module 4
Borrowing/Debt Mngt.
29
2
W Financ h y is i n a n c i a l e d uNOTES
ia lly-ed ucate d i c§ i o n i m p o,tan t?
nd iv id u a ls c a n m a ke w is e f in anc ia l d e c isio n s, optimally

Financial literacy is important because it will have an impact on the future. The decisions we
make about our financial resources may eventually affect our lives going forward. The wrong
choices of the past can ruin our future.

P
BETTER-INFORMED
BETTER BETTER SAVINGS, BETTER ECONOMIC
PUBLIC DECISION-MAKING ASSETS, AND AND FINANCIAL
PUB
WELL-
USE OF
Theory of Change In Financial Education

3 28
 NOTES Module 1: Valuing Proper Values

Wh§’s your inancial §‡itude?

Take this short quiz to identify your attitudes toward managing
your personal finances.
1. For each question, encirle the numerical value of the answer that
best describes your attitude.
2. Add up your points to determine your score.

Find your score on the next two pages to see if your attitude score
describes your attitude.

1. I find monitoring my bank account or credit card accounts

very boring.
1 Always 3 Sometimes
2 Usually 4 Never
2. I prefer not to think about my personal finances.
1 Very True 3 Fairly Untrue
2 Mostly True 4 Never True
3. Thinking about the state of my personal finances makes me
feel guilty or anxious.
1 Always 3 Sometimes
2 Usually 4 Never
4. I get confused by financial jargon in the newspapers and
on television.
1 Always 3 Sometimes
2 Usually 4 Never
5. I pay off my credit card bill in full each month.
1 Never 3 Usually
2 Sometimes 4 Always
27 4
Module 1: Valuing Proper Values
6. When I receive a bank or credit card statement, I: F i n a n c7:
Module i a Financial
l C o n s Consumer
u m e r P , ‡Protection
e c tio n P
1 Don’t look at it—I just throw it away. Sou rc e: BS P C ir c ula r No . 857 Se rie s o f 2 014 (B SP’s Reg u latio ns o n F ina ncia l

2 Don’t look at it—I just store it someplace safe.

3 Briefly scan it.
, i n c ip l e s
Co ns u me r P r ote c tio n
4 Reconcile it.
7. If given a choice, I’d prefer to do this:
Disclosure and Transparency
1 Read my favorite book
3 Reconcile bank/credit statements Protection of Client Information

8. I feel apprehensive when dealing with my personal finances. Fair Treatment

1 Yes
Effective Recourse
3 No
9. I pay my bills when I have the money, not always when they are Financial Education and Awareness
due.
1 Yes Concerns about inancial services?
3 No
10. I know my credit score. Contact your bank or financial institution
1 Yes ASAP Put your complaint in writing
3 No
11. When faced with the prospect of dealing with my personal finances, IDocument
unresolved...
your actions, and
File your their responses
complaint to BSP thru email or call (02
the movie title “Nightmare on Elm Street” describes how I feel.
1 Yes BSP will require your financial institution to act o
3 No

Sco,e:
Some cases
Based on your quiz score, where do you fall in the spectrum? Keep in mind, this is only a starting point. Each grouping maysome
provides be referred
ideas youto
canappropriate
use to helpagenc
you
money matters.

Responsibilities o a Financial Consumer

Be informed. Be wise. Be responsible.
5
26
PNP Anti-Cyber Crime Group planning for retirement is key.

Hesitant to @art
Score: 1-
You have taken the first steps in gaining
PNP ACG NHQ Oriental Mindoro confidence to manage your money—way to
Anti-Cybercrime Group Building, Camp Efigenio C.
go! Here are some suggestions to help you
Col. Lagman St., Bagong Navarro Brgy. Suhqui,
continue on your journey:
Lipunan Camp Crame, Quezon Calapan City 0961 276
Start small. Find one thing to do
City Metro Manila 4441
differently. Reduce the stress in your life.
414-1560 / 0998 598 8116
Establish an emergency savings account so
Albay
Quezon City Old APPO Bldg you are prepared for the unexpected. Start
Camp Karingan, Sikatuna Camp Gen. Simeon A. small and put a set amount away every
Village 0966 452 7516 Ola, Legaspi City month. A good rule of thumb is to have
0998 598 8104 three to six months worth of income in
Benguet savings.
Camp Bado Dangwa, La Trinidad Iloilo Understand where your money is going.
0919 416 1860 Camp Delgado, Iloilo City A budget or balanced spending plan will
0999 999 5258 give you a clearer picture of your habits
Cordillera and help identify places to make a change.
Camp Marcelo A. Cebu
Adduru Tuguegarao City Cebu PPO Compound, Gaisano
0955 188 8421 St., Sudlon, Lahug, Cebu City
0998 598 8105
Taking ¢e Fir§ @eps
Pampanga Score: 14-
Camp Olivas, San Fernando Leyte Sometimes it is tough to know where to
City 0998 598 8102 Camp Kangleon, Palo begin. Here are some suggestions to help
0929 765 8353 make your first step easier:
Laguna Find more money to save. Focus on big-
Camp Vicente Lim, Calamba Davao ticket items and ask yourself—do I really
City 0998 598 8103 Davao City Police Office need that? You can still enjoy a few
11 Camp Domingo E. pleasures; just be sure they are in your
Zamboanga Leonor San Pedro St., spending plans.
Camp Gen. Eduardo B. Davao City 0998 598 8108 Review your credit scores annually. Make
Batalla JRT Lim Blvd. sure they are accurate. Your score impacts
0998 598 8106 Agusan del Norte
the interest you pay for loans, on credit
Camp Col. Rafael C. Rodriguez
cards, a mortgage, etc.
South Cotabato Libertad, Butuan City
Are you leaving money on the table?
Gen. Santos City Police Office 0946 326 7938
Make sure you are receiving your
Camp Fermin G. Lira Dadiangas
West Gen. Santos City Cagayan de Oro employer’s full 401(k) match, if it is

0998 598 8109 Camp Alagar, CDO available. Putting more money into
City 0998 598 8107 retirement may feel like a stretch at first,
but once you do it, you won’t notice the
25 facebook.com/anticybercrimegrouptwitter.com/pnpacg difference! No matter where you are in life,
Making P,ogreg
Work with a knowledgeable
financial professional to
understand what insurance
coverages best meet your needs. Score: 23–
Learning to deal with your finances
in good times and bad will serve you
well. Here are some ways to make
it easier:
Automate your money
management (e.g., automatic
deposit, online bill pay). This can
reduce worry and minimize late
fees.
Continue to build your confidence with
money matters. Find ways to educate
yourself.
Pay down your debt and save more
for retirement. Check out the
“Retirement Planning Calculator” to
see the power of saving now versus
waiting one, five or 10 years.

Solid Found§ion
Score: 31–
You’re off to a good start! Still,
there’s always room to know more
and gain a better understanding to
make sure you are moving toward
your financial goals. Here’s some food
for thought:
Be wise with your money. You
know where you are with respect to
achieving your goals, and you have a
plan to get there. Make sure you have
clearly defined short-, medium- and
long-term goals to help you make
informed decisions for the future.
Save for retirement. Start now or
increase your contribution by the same
percentage as your pay increases. You
won’t notice a difference and your
contributions will grow! Make sure
you are contributing enough to
receive your full employer match.
Be prepared for the unexpected.
Module 2: Financial Planning Module 6: Fraud and Scam
Wh§ to do to avoid becoming a victim o Inve§ment Scams?
Financial is a comprehensive evaluation of an individual’s (for
Be mindful of how investing scams. Trust only reliable individuals,
household’s) current and future financial state to predict and manage
companies or organizations.
future cash flows, expenditures, and asset values.

S§ up your road map to your d,eams

What do you want to achieve in 10 years? Visualize your goals and
dreams.
Wh§ to do to avoid becoming a victim o phi¢ing and spp ing?
Never open suspicious emails from unknown sources. They can be a
means for phishing or mystification.

Wh§ to do to avoid becoming a victim o skimming?

Ten years from now, I'm going to have my own family and
live in our own home. Financial stability and a comfortable
life. Pay attention to who you rely on with your credit/debit cards. Inspect
machines if they are equipped with skimmers.

7 24
 6
Module 6: Fraud and Scam
SPENDING TRACKER

Phi¢ing and Spp ing Step 1: Compute your savings goal based on the visioning
exercise
PNP Anti-Cyber
REPORT TO THECrime Group:
HOW MANY HOW MUCH TO
0998-568-9082 GOAL TARGET AMOUNT
PONZI SCHEME MONTHS TO SAVE? SAVE PER MONTH?
(02) 414-1560/723-0401 loc 313 Focus on cash investments and recruitments Save money 12,000.00 12 months 1, 000.00
pnp.anticybercrimegroup@gmail.com
Promise high interest or return on
investments within a short period of time
Earnings are sourced from cash

Text Scam investments paid by new recruits

REPORT TO OSPAC Step 2A: List all sources of income and compute income
One Stop Public Assistance Center- net
National Telecommunications Commission I. SOURCES OF INCOME
INCOME 1 (Salary) 25,877.00
(OSPAC-NTC):
(02) 924-4010 PYRAMID SCHEME INCOME 2 (Remittance)
924-4072 INCOME 3 (Others: )
929-5108 Focus on products and recruitments
GROSS INCOME
consumer@ntc.gov.ph Marketing products with little or no real value II. DEDUCTIONS ON GROSS INCOME
Members are compensated using TAX 87.30
Skimming contributions from new recruits and
downlines GSIS/SSS 2,148.93

PHILHEALTH 358.15

PAG-IBIG 100.00
For clarification, contact:
MONTHLY AMORTIZATION 9,331.87
Financial Consumer Protection Department
Financial Supervision Sector Bangko Sentral ng Pilipinas Consumer Assistance Kiosk OTHERS:
First Floor, Multi-Storey Building
A. Mabini corner P. Ocampo Streets,
Malate, Manila 1004
(02)708-7087
BE ALERT

Offers that are too good to be true, are usually not true.
Report suspicious investment schemes. TOTAL DEDUCTIONS 12,026.33

NET INCOME 13,850.67

23 8
 Module 5: Fundamentals of Investing
SPENDING TRACKER

Step 2B: List and compute your expenses

Risk App§ite: Risk vs. R§urn
It is important for us to know our risk appetite so that we know what type
III. EXPENSES of investment we can invest in. Always remeber the risk-return principle in
A. BASIC NEEDS investing.

FOOD 2,500.00
The greater the return, the greater the risks. The lower the risks, the
RENT
lower the return.
UTILITY BILLS 1,000.00

TUITION FEES Low Income High Income

MEDICAL EXPENSES Low Risk High Risk
PERSONAL NEEDS 2,000.00

OTHERS:

B. DEBTS
BANK OR OTHER FIN. INSTITUTIONS
INFORMAL LENDING What are the factors to consider in choosing an investment instrument?
OTHERS: 1. Best use for your money
2. Risk tolerance
3. Time before you need your money
C. OTHER EXPENSES 4.Objective for investing
ENTERTAINMENT & LEISURE 1,500.00 5. Life stage
OTHERS: RULE OF THUMB IN INVESTING
Investigate

before you invest. Study and fully

TOTAL EXPENSES 7,000.00 understand your chosen investment.
Invest only an amount you can afford to lose.
ACTUAL SAVINGS (NET INCOME - TOTAL EXPENSES) 6,850.67
Investment returns are not guaranteed.
Always remember the risk-return principle. The
higher the return, the higher the risk. The lower the risk,
the lower the return. Invest over the medium to long
9 term. Develop a long term investment strategy.
Diversify your investments. Invest in instruments with
22
 Module 5: Fundamentals of Investing
SPENDING TRACKER

Step 3: Review your budget and see what you can add to your
8. What is your average net worth for the last 2 years? income and substract from your expenses. Compute your
potential savings.
a. 5M (USD100,000) and below
b. Over P5M (USD100,000) up to P30M (USD600,000) AMOUNT

c. Over P30M up to P60M (USD1.2M) POTENTIAL SAVINGS

d. Over P60M LESS: TOTAL TARGET SAVINGS GOAL (From Step 1)

SAVINGS CAPACITY (Should be positive)

NO. OF TOTAL SCORE
ANSWER ANSWERS X POINTS PER ANSWER Step 4: Write your action plan to reach your savings goal.
Example: I will limit my spending for wants to Php 1,000 a
a 5 month.
b I want to keep my personal spending to 1500 PHP.
10
c 15
d 20
Total Score for Quiz 70

Knowing where your money is coming from and where it is going will tell you how
Use this worksheet to record your income and expenses this month. At the end of
YOUR SCORE INVESTMENT PERSONALITY

Up to 70 Conservative
points 75 to Moderately Conservative
100 points Moderately Aggresive
105 to 130 Agressive
points
Over 130
points
Co§ M§rix What are the things you can give up?

Inve§ment Ho,izon
The more interest
UNIT COST/ HOW MUCH WILL YOU SAVE?
ITEM
FREQUENCY WEEKLY MONTHLY YEARLY
nvest over earns
nvestment the long
andterm, the greater
the more thecan
time you probability
have to of realizing returns
Online shopping Once a
recoup investment
The earlier you invest losses month
500.00 6,000.00
Eating out Once a 250.00 1,000.00 12,000.00
week

10
Module 2: Financial Planning Module 5: Fundamentals of Investing
Wh§ is ¢e co,rect savings o,mula? 5. How long have you been investing in securities, either directly or

INCOME
- SAVINGS
=
= EXPENSE
S
through a fund manager?
a.
b.
1 year or less
More than 1 year up to 5 years
c. More than 5 years up to 10 years
Am I doing it
right? d. More than 10 years
6.What is your tolerance for risk?
a. I accept steady and minimal returns without fluctuation in principal amount of my investments
b. I accept minimal fluctuations in the principal amounts of
my investments for commensurate returns
What change do I c. I accept fair amount of fluctuation in the principal
What must I do to
need to make? amount of my investments to achieve above average
achieve it? What is returns and capital growth over the medium term
the d. I am prepared for a high degree of volatility and possible
Financial losses for certain periods in the principal amount of my
Planning investment to achieve high returns or capital growth
Cycle? over 5
a.
years or more
What is my situation?
What do I want to
7. If the value of your portfolio is decreased by 20%, how would you
Achieve?
react?
a. I will be very concerned and will immediately put my
investment back to cash or cash equivalents
b. I will be very concerned and will find safer investment
outlets, which are not necessarily cash
Why make a Financial Plan? c. I will be concerned and will review the aggressiveness of
my portfolio
d. I will not be concerned about the short-term fluctuation
of certain investments in my portfolio

11
Module 5: Fundamentals of Investing Module 3: Saving and Budgeting
Savings
Wh§ kind o Inve§o, are you?
Reference: BPI Financial Wellness Journal
is income not spent, or deferred consumption. The economist John Maynard
Keynes defines it as the amount left over when the cost of a person's consumer
expenditure is subtracted from the amount of disposable income, he earns in a
Ready to invest? Each one of us has a “profile” as an investor. Knowing given period of time. In practice, it is better to set aside savings immediately after
your profile will help you pick the right investment instruments most receiving income, and then spend the amount leftover wisely.
suitable in achieving your financial goals. Are you a
Conservative, Moderateor Aggressive investor? Take the 8-point Quiz. W h§ d o y o u w a n t to s a v e o , ?
(Eme r gen c y F un d , E d u c a t ion F u n d, B u s iness Capital, Home
Put the letter corresponding to your answer in the blanks provided. Purchase or Repair)
1. What is your main reason for investing? .
1. Emergency fund
a. Protect principal amount of investments and earn interest income 2. Home Purchase TIP 1
b. Preserve capital or real value of investments 3. Business Capital
c. Achieve growth over a medium-term period
Save for
d. Achieve significant growth over the medium to long term period . emergencies first
because the future is
2. What portion of your investment can remain invested for uncertain. According
to experts, it is wise
more than 3 years?
Wh§ are ¢e tips o, succeg ul saving?
to set aside at least
a. 0% to 30% 6 months' worth of
your living expenses
b. 40% to 60% for emergencies.
c. 70% to 80% 1. Don't buy anything that isn't
necessary.
d. 90% to 100%
3. Will you be needing regular income from your investments?
2. Remove online buying apps on your TIP 2
phone.
3. Learn about your income.
Save to attain your
a. Yes, over the short term goals and dreams.
Life goals and
b. No. I have no immediate need over 3 years’ dreams have a price
time tag. To afford your
c. I have no immediate over 5 – 10 years
d. I have no immediate need for the next 10
Where can we save our money? life goals, you should
start allocating
savings for each of
years them.
1. bank d. H
4.a.
What is yourI know
Minimal. knowledge and experience
bank deposits, onand T-bills
BSP SDA,
i
19 b. Low, I have experience investing in money market placements or
g
funds, FXTNs, LTNCDs, and listed corporate bonds h
c. Medium, I have been investing in mutual funds, UITDs, foreign .
 I have extensive experience in investing and broad
understanding of capital markets

12
 Module 3: Saving and Budgeting Module 5: Fundamentals of Investing

Why ¢ould we save in banks? Inve§ing is putting your money in an undertaking that will
yield an income in the future.
1. for investment
2. To prevent it from being obtained There are 2 main ways to become an investor: Either 1) invest in
or spent. financial instruments, or 2) in businesses (your own or in a business
3. franchise).
4.
How do you prepare when you intend to invest your hard-earned money?
TIP
1. Find credible investments.
A good savings plan is habitual and systematic. To make this happen, you can set up an automatic transfer arrangement with your bank from your payroll account to your saving
2. There is always a purpose to each
investment.

Budg§ing is telling your money where to go instead of wondering

where it went- John Maxwell

Why do we need to budg§?

1. It guarantees that you will always have enough money for the stuff you need.

2. To limit our expenses.

3.
P SAVE TO... INVEST TO...
4.
Have an emergency fund that can be easily accessed
Earn returns on investment (s
Accumulate money for specific financial goals

Build assets (subject to risks)

13
 @r§egies in Paying Debts The 4 §eps in Budg§ing
Debt Stacking
Debt Snowball
1. List loans based on interest
1. List loans based on
rate
outstanding balance or loan
2. Prioritize paying the loan with
amount
the highest interest
2. Prioritize paying the loan with
the smallest amount

DEBT
PAYMENT TRACKER The 3 budg§ing techniques
1. Adhere to your budget
Type of Loan: Salary Loan Creditor:
Total Amount Loaned: Monthly Amo.:
TermInterest
of Loan:Rate: 2. less your savings
Other Fees & Charges: Target Payoff Date:
3. Make a list of goods or products that you need to buy when going for
groceries.
Amount Paid Remaining Balance
TIP
January Needs are expenses necessary for daily
survivial (e.g. food, house, rental, utilities,
February
To make our budget work, analyze and classify
clothes, your expenses
transportation according to
allowance, NEEDS and WANTS.
etc.)
March
April
Wants are things we buy that are not
necessary for survival or things that support
May
extravagant lifestyles (e.g. dining out, “gimmiks,”
June gadgets, etc.) A need (e.g. clothes) might become a want if the price
July tag is no longer reasonable.

August Keeping to the most basic of your needs and cutting down on your
September wants are the keys to unlocking your full potential to save your
money.
October
November Track your expenses closely. Create your budget for the month so you
can analyze your needs and wants better. When you budget, always
December
follow the correct saving formula, also called the “prosperity” formula.
Outstanding Balance by Yearend:

Income - Savings = Expenses.

17
 Immediately set aside your savings. Treat it as
“expense” for yourself and your family. The secret to Module 4: Managing Credit
financial health is to set aside your savings first,
before spending the rest of your money on budgeted
expenses.

MY EXPENSES
MONTH
is a financial obligation of the borrower from a lender. One is in
debt when one owes someone something. Common examples are credit
card debt, housing mortgage, and consumer loans.
Net Income (From Step 2 of Spending Tracker)
Savings to Set Aside (Savings Capacity From Step Debt is not always a bad thing. A good debt is well-managed and should be
3 of Spending Tracker)
used to help you reach your goals and dreams faster. A bad debt is one that
Expense items Budget Actual Amount Spent
further indebts you, and makes you worry about your ability to pay for it.
Rent

Food (Wet Market) Do you have a loan? Why did you acquire the loan? Where did you use
Food (Groceries) 1000.00 1000.00 the loan? Are you able to pay your loan on time and in full? Is that a
500.00 500.00 good debt or a bad debt?
Toiletries
1,000.00 1,200.00
Electricity
GOOD DEBT
Water Why do you bo,row money?
Landline Phone
Any borrowed 1. to invest own property
300.00 300.00
Mobile Phone money you use 2. Emergency situations
productively to
Cable TV earn more and
1,650.00 1,650.00 improve your
Internet
1,000.00 1,000.00 financial condition.
Transportation Allowance
3.
Children’s Allowance Wh§
BAD§eps
DEBTcan you do to g§ out o  debt?
Loan Amortization

Others: (Please list down Any borrowed money that you have difficulty repaying and makes you l
below)

1. Avoid impulse spending

money.
2. Save money
3. Pay on time to avoid penalties
.
16
15