Presentation is loading. Please wait.

Presentation is loading. Please wait.

Personal Financial Management By Hourn Phany. Objectives By the end of the session, the participants are able to describe:  the definition of PFM  the.

Published byLee Campbell Modified over 8 years ago

Similar presentations

Presentation on theme: "Personal Financial Management By Hourn Phany. Objectives By the end of the session, the participants are able to describe:  the definition of PFM  the."— Presentation transcript:

1 Personal Financial Management By Hourn Phany

2 Objectives By the end of the session, the participants are able to describe:  the definition of PFM  the importance of PFM  the elements of PFM  how to manage personal finance And most importantly, the participants are able to formulate their PFM plan and start doing and reviewing monthly.

3 The Definition of PFM The ability to manage personal finance very well Debt Savings Spending habits Cash flow Budget line Discipline InvestInvest Asset Liabilities

4 The Importance of PFM

5 The Elements of PFM Income Expense AssetLiabilities Income Statement Balance Sheet

6 How To Manage Personal Finance Set long-term vision for personal finance (E.g. become financial freedom in 2020.) Set a SMART financial planning (E.g. yearly, monthly, weekly, daily) Set a clear budget plan (E.g. House renting, food, recreation, savings...) Have high self-discipline Pay ourselves first

7 Example of Monthly Budget Plan Monthly Budget Plan  House rental: 50 USD  Water: 10 USD  Electricity: 10 USD  Cable TV: 5 USD  Internet: 30 USD  Phone refill: 50 USD  Fuel for Motorbike: 30 USD  Food Breakfast: 2.5 USD Lunch: 2.5 USD Dinner: 2.5 USD Others: 2.5 USD  Education Self: 50 USD Son: 15 USD  Socialization: 50 USD  Recreation: 50 USD  Saving in FF Bank Account: 100 USD  Tong tin: 180 - 210 USD (saving) Monthly Budget Plan  House rental: 50 USD  Water: 10 USD  Electricity: 10 USD  Cable TV: 5 USD  Internet: 30 USD  Phone refill: 50 USD  Fuel for Motorbike: 30 USD  Food Breakfast: 2.5 USD Lunch: 2.5 USD Dinner: 2.5 USD Others: 2.5 USD  Education Self: 50 USD Son: 15 USD  Socialization: 50 USD  Recreation: 50 USD  Saving in FF Bank Account: 100 USD  Tong tin: 180 - 210 USD (saving) Monthly Income:  Job: 600 USD  Part-time training & coaching: 200 USD  Money lending (interest): 150 USD  Tongtin: 150-180 USD Financial Projection for 2010 Monthly Income:  Job: 1500 USD  Part-time training & coaching: 500 USD  Money lending (interest): 200 USD  Tontine: 200 USD Saving  Saving for FF Bank Account: 200 USD  Saving for investment: 9,00 USD  Saving for Oversea trip: 100 USD Monthly Income:  Job: 600 USD  Part-time training & coaching: 200 USD  Money lending (interest): 150 USD  Tongtin: 150-180 USD Financial Projection for 2010 Monthly Income:  Job: 1500 USD  Part-time training & coaching: 500 USD  Money lending (interest): 200 USD  Tontine: 200 USD Saving  Saving for FF Bank Account: 200 USD  Saving for investment: 9,00 USD  Saving for Oversea trip: 100 USD

8 experience financial freedom Copyrights (c) 2009. Hourn Phany, Phnom Penh, Cambodia

Download ppt "Personal Financial Management By Hourn Phany. Objectives By the end of the session, the participants are able to describe:  the definition of PFM  the."

Similar presentations

Financial Education Jr. Chapter 2013 SHPE Foundation.

Financial Education Jr. Chapter 2013 SHPE Foundation.
Mrs. Wilson Business Essentials. This lesson provides information about money management basics and the reports used to measure financial progress.

Mrs. Wilson Business Essentials. This lesson provides information about money management basics and the reports used to measure financial progress.
Money Management Strategies

Money Management Strategies
Budgeting. Starter questions.... What is budgeting?

Budgeting. Starter questions.... What is budgeting?
AC 113- Unit 3 Chapter 2.

AC 113- Unit 3 Chapter 2.
16 Money Management and Financial Planning

16 Money Management and Financial Planning
Money Management Strategies

Money Management Strategies
Money Management Skills

Money Management Skills
Questions? 1. Does your personal credit rating affect your ability to get a business loan? Answer from Corning Credit Union: Every financial institution.

Questions? 1. Does your personal credit rating affect your ability to get a business loan? Answer from Corning Credit Union: Every financial institution.
Copyright ©2011 by Pearson Education, Inc. publishing as Pearson [imprint] Professionalism: Skills for Workplace Success, 2/e Lydia E. Anderson Sandra.

Copyright ©2011 by Pearson Education, Inc. publishing as Pearson [imprint] Professionalism: Skills for Workplace Success, 2/e Lydia E. Anderson Sandra.
C H. 16-1 P ERSONAL F INANCIAL S TATEMENTS. Goals: Explain the basics of money management. Create a personal balance sheet. Develop a personal cash flow.

C H P ERSONAL F INANCIAL S TATEMENTS. Goals: Explain the basics of money management. Create a personal balance sheet. Develop a personal cash flow.
Chapter 3 Planning with Personal Financial Statements Copyright © 2012 Pearson Canada Inc. Edited by Laura Lamb, Department of Economics, TRU 3-1.

Chapter 3 Planning with Personal Financial Statements Copyright © 2012 Pearson Canada Inc. Edited by Laura Lamb, Department of Economics, TRU 3-1.
Accounts Interpreting Accounts. Key Accounting Documents Public Limited Companies in the UK are required to publish their accounts This will usually consist.

Accounts Interpreting Accounts. Key Accounting Documents Public Limited Companies in the UK are required to publish their accounts This will usually consist.
The Financial Plan Chapter 2. Definitions You Need to Know Personal financial plan: specifying financial goals and describing in detail the spending,

The Financial Plan Chapter 2. Definitions You Need to Know Personal financial plan: specifying financial goals and describing in detail the spending,
Investing and Personal Finance

Investing and Personal Finance
Money Management Strategy

Money Management Strategy
Monday January 30 th Personal Finance 1. Journal: 5 reasons you need to budget Journal Which reason is most important to you and why? How can you start.

Monday January 30 th Personal Finance 1. Journal: 5 reasons you need to budget Journal Which reason is most important to you and why? How can you start.
Warm up Problem Electric Bills: August $131 September $134 October $ 145 November $ 175 December $201 Calculate the average monthly electric bill for the.

Warm up Problem Electric Bills: August $131 September $134 October $ 145 November $ 175 December $201 Calculate the average monthly electric bill for the.
Stock Market Analysis and Personal Finance Mr. Bernstein Personal Financial Statement, pp 65-73 February 19, 2015.

Stock Market Analysis and Personal Finance Mr. Bernstein Personal Financial Statement, pp February 19, 2015.
Unit 4 Creating a Budget. Objective(s) What is a budget? Activity – Pair up with someone in the room and sit with them and prepare to begin the budgeting.

Unit 4 Creating a Budget. Objective(s) What is a budget? Activity – Pair up with someone in the room and sit with them and prepare to begin the budgeting.

Similar presentations

Ads by Google