Managing Personal Finance - Republic of the Philippines - Past Paper PDF

# References: ## LESSON 1: Personal Finance ### IV. ACTIVITIES #### INDEPENDENT ACTIVITY 1: - Ask the members of the family for the latest billing statement of any type of loan. - List down the purchases indicated in the statement and determine which ones could have been avoided or delayed. | PU...

# References: ## LESSON 1: Personal Finance ### IV. ACTIVITIES #### INDEPENDENT ACTIVITY 1: - Ask the members of the family for the latest billing statement of any type of loan. - List down the purchases indicated in the statement and determine which ones could have been avoided or delayed. | PURCHASES | AMOUNT | |---|---| ### INDEPENDENT ASSESSMENT 1: - Based on the previous activity, provide the necessary answer to the following questions. 1. What is your basis in listing down what to prioritize or not? Explain your answer. 2. What is the importance of prioritizing purchases and # Republic of the Philippines ## A. Preliminary Activities ## V. ASSESSMENT: ### POST TEST: I. Directions: Read the statement carefully and encircle the correct answer. 1. A source of cash inflow that an individual receives and then uses to support themselves and their family * a. Investing * **b. Income** * c. Budgeting * d. Saving 2. The purchase of assets that are expected to generate a rate of return, with the hope that over time the individual will receive back more money than they originally invested. * a. Investing * **b. Income** * c. Budgeting * d. Saving 3. Refers to knowledge of facts, concepts, principles, and technological tools that are fundamental to being smart about money. * a. Investing * b. Financial responsibility * **c. Budgeting** * d. Financial literacy 4. Means that you are accountable for your future financial well-being and that you strive to make good decisions in personal finance. * a. Investing * b. Financial responsibility * **c. Budgeting** * d. Financial literacy