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Key Components of Personal Finance

The document discusses key concepts in personal finance including net income, expenses, savings, debt, breakeven point, budget, and investment. It explains the process of budgeting where net income minus expenses should equal savings. Savings can then be allocated to short and long term plans, with potential investment options including banks and businesses. It also touches on debt being divided into current and non-current, and expenses having fixed and variable components.

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janel anne yvette soriano
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78 views14 pages

Key Components of Personal Finance

The document discusses key concepts in personal finance including net income, expenses, savings, debt, breakeven point, budget, and investment. It explains the process of budgeting where net income minus expenses should equal savings. Savings can then be allocated to short and long term plans, with potential investment options including banks and businesses. It also touches on debt being divided into current and non-current, and expenses having fixed and variable components.

Uploaded by

janel anne yvette soriano
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
  • Basic Concepts - Lesson 2
  • Personal Finance Overview
  • Basic Composition
  • Task and Quote

BASIC

CONCEPTS
Lesson 2
Personal Finance

NET INCOME EXPENSES SAVINGS


Personal Finance

SAVINGS

NET EXPENSES
INCOME
INVESTMENT
Personal Finance

NET INCOME EXPENSES DEBT


Personal Finance

NET INCOME EXPENSES BREAKEVEN


PROCESS

EXPENSES

EXPENSES
BUDGET
NET INCOME EXPENSES
Basic Composition

NET
INCOME

Interest from
SALARY
Investments

INTEREST FROM UNEXPECTED


RECEIVABLES MONEY
Basic Composition

BUDGET

Personal
Savings
Necessities

Common Expenses Unexpected Expenses


Basic Composition

SAVINGS

SHORT TERM PLAN LONG TERM PLAN


Basic Composition

INVESTMENT

Banks Business

Accounts Receivable
Basic Composition

DEBT

Current Non-Current
Basic Composition

EXPENSES

FIXED EXPENSE VARIABLE EXPENSE


Task:
◦ Look for the definition of each terms on the discussion
 “A man who pays his bills on time is soon
forgotten.”
◦ ~Oscar Wilde~

BASIC CONCEPTS Lesson 2
Personal Finance NET INCOME EXPENSES SAVINGS
Personal Finance NET INCOME EXPENSES SAVINGS INVESTMENT
Personal Finance NET INCOME EXPENSES DEBT
Personal Finance NET INCOME EXPENSES BREAKEVEN
PROCESS NET INCOME EXPENSES BUDGET EXPENSES EXPENSES
Basic Composition NET INCOME SALARY INTEREST FROM RECEIVABLES UNEXPECTED MONEY Interest from Investments
Basic Composition BUDGET Personal Necessities Common Expenses Unexpected Expenses Savings
Basic Composition SAVINGS SHORT TERM PLAN LONG TERM PLAN
Basic Composition INVESTMENT Banks Business Accounts Receivable

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