Cancino, Marlette O.
118–0049
Reflection in Personal Finance and Investment Strategies
Personal finance can make a person organize and be a good decision maker. Having a
personal finance at a very young age can be a good indicator to be an investor someday. By
means of planning and budgeting from a small amount of money can turns into a biggest
investment in the future.
Likewise, a personal financial plan is essentially important for any person to minimize
future hardships and difficult financial situations. In addition, developing a skill of financial planning
and budgeting teaches me as an individual to wisely spends, saves and invests my personal
financial assets.
Spending money is how we have fun, survive, and stay comfortable in day to day activities.
As students or even young adults I sometimes don’t realized the significance of spending money
wisely. College life is expensive because it is living on your own, especially when I get boarding
house. I learn how to budget and spends only necessary things.
Moreover, I managed my personal finance through saving twenty percent of my money
keep on my wallet. I put it on my pouch and in some case, it can be very helpful for my future
necessities in school especially when my parents don’t have enough budget to be given on me.
In my allowance I’d always keep the 20% of it to make sure that I will not spend all my money.
I think it takes time to become wiser when it come to spending and saving up of money
but as this chapter introduces important techniques on saving and personal banking, I believe
that my personal finances today could have a great impact on my success in my workplace.
As of now, there are certain firms offering investment for students like us to be a young
investor for the future generation. With the small amount of money invested on bank, it will earn
interest so it surely a good benefit to save and invest even on just little and small amount of bills