1. Personal Financial Planning by Alyona Melnik

2.  Financial planning analysis  Budget structure  Personal planning process  Budget optimization tools Plan

3.  Personal Planning: process of managing your money to achieve personal economic satisfaction.  Personal Plan: formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future financial activities. Financial planning analysis

4. Income Regular earningsRegular earnings Expenses Fixed (bills, food, clothes)Fixed (bills, food, clothes) Current (repairs, fun moneyCurrent (repairs, fun money) Savings Rainy fundRainy fund Future purchasesFuture purchases VacationsVacations Debt loansloans Figure 1. Budget structure

5.  To manage income and expenses.  To create an awareness of your current financial status.  To plan for the future by developing goals and devising ways to achieve those goals.  To provide a system of evaluation and revision for your financial progress. The Role of Personal Financial Planning

6. 1.Sum up all expenses 2.Divide expenses into fixed and current 3.Plan future spending 4.Write down all expenses 5.Make savings 6.Monitor income and expenses 7.Optimize income and expenses Financial planning stages

7. Figure 2 Budget spending pattern in the USA

8. 1.Focus on savings 2.Use cash 3.Stop bad habits 4.Pay down debt 5.Keep your receipts 6.Analyze your spending 7.Be flexible Budget optimization tips:

9. 1.Record and compare expenses 2.Reduce unnecessary spendings 3.Increase income 4.Meet the budget Budget construction tools:

10.  A variety of tools are helpful for constructing a personal budget. Conclusion

11. Thank you for attention