Financial Literacy Guide PDF

CASH FLOW MANAGEMENT Cash flow refers to the movement of money in and out of a business over a specific period, including cash inflows from sales and investments and cash outflows for expenses and purchases. CASH FLOW EXAMPLE WHY FINANCIAL STRESS IS EXPERIENCED? WHY FINANCIAL STRESS IS EXPERIENCE...

CASH FLOW MANAGEMENT Cash flow refers to the movement of money in and out of a business over a specific period, including cash inflows from sales and investments and cash outflows for expenses and purchases. CASH FLOW EXAMPLE WHY FINANCIAL STRESS IS EXPERIENCED? WHY FINANCIAL STRESS IS EXPERIENCED? 1. LACK OF KNOWLEDGE 2. LACK OF DISCIPLINE 3. LACK OF PROPER GUIDANCE Diary of Pulubi (Chinkee Tan, 2017) WHAT IS SAVINGS? Refers to the portion of income that is not spent and instead set aside for future use or investment. An emergency fund is a reserve of money set aside to cover unexpected expenses or financial emergencies.  BENEFITS OF SAVINGS & EMERGENCY FUNDS Providing financial security and peace of mind. Minimizing reliance on high-interest debt for emergency expenses. Supporting business continuity and resilience during challenging times. SAVINGS TIPS FOR ENTREPRENEURS 1. Automated Savings 2. Expense Reduction 3. Goal Setting FINANCIAL PLANNING The process of setting goals, assessing financial resources, and creating strategies to achieve those goals within a specified timeframe. TYPES OF FINANCIAL GOALS Short-Term Goals Medium-Term Goals Long-Term Goals  IMPORTANCE OF GOAL SETTING WHY IS IT IMPORTANT TO SET FINANCIAL GOALS? WHAT IS S.M.A.R.T GOAL? SPECIFIC MEASURABLE ACHIEVABLE RELEVANT TIME-BOUND DEVELOPING A FINANCIAL PLAN ASSESSMENT OF FINANCIAL SITUATION SETTING PRIORITIES MONITORING & ADJUSTING FINANCIAL PLANS.............. Regular Review...................... Flexibility