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Math Viva Term 3

This document presents a personal financial plan for a Malaysian network engineering graduate over 5 years. It outlines an initial salary of RM3800 that increases 10% annually. Short and long-term goals are established. A monthly budget tracks expenses like housing, transportation, food, donations, entertainment, and loan payments. Savings are calculated annually and accumulate each year, showing the ability to purchase a car after 1 year and a condominium in 3 years while still saving over RM30,000 per year. The conclusion states that financial planning is important for tracking expenses and saving money given current economic instability.

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19 views6 pages

Math Viva Term 3

This document presents a personal financial plan for a Malaysian network engineering graduate over 5 years. It outlines an initial salary of RM3800 that increases 10% annually. Short and long-term goals are established. A monthly budget tracks expenses like housing, transportation, food, donations, entertainment, and loan payments. Savings are calculated annually and accumulate each year, showing the ability to purchase a car after 1 year and a condominium in 3 years while still saving over RM30,000 per year. The conclusion states that financial planning is important for tracking expenses and saving money given current economic instability.

Uploaded by

winkeugingie
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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PERSONAL FINANCIAL

PLANNING
SHAHEEERA BINTI RABU SE0327/1028
NAJLAH SAFEEYAH BINTI PASRI SE0327/1024
NUR AIN NABILA BINTI ARBAIN SE0327/1025
INTRODUCTION
Personal finance is a term that covers managing our money as well as saving and
investing. It is also the process of planning and managing financial activities.
Simple interest interest charge that borrowers pay lenders for a loan and basd on the
principal amount of loan or deposit.
Compounded interest is based on the principal amount and the interest that accumulates
on it every period.
Short-term financial – can be accomplished within one year
Long-term financial – take 5 years or longer to accomplish
Amortization is refer to the process of paying debt over time in regular installment of
interest aand principal sufficient to repay the loan in full by the maturity date
Methodology
Year Monthly salary (RM)
1) The salary of fresh 1 P
graduates will be assume 2 P(1+x)
that it will increase by x% 3 P ( 1 + x )2
per year and continues 4 P ( 1 + x )3
holding the same position 5 P ( 1 + x )4

2) Establish list of the goals in terms of long-term goals and short-term goals
3) Determine how the money were used by reviewing financial record (rent, car
payment, insurance, food, clothing and entertainment)
4) At the end of each month, re-evaluate the budget. Compare the actual expenses and
income to our budget and make appropriate adjustment
Result
Year 1 Year 2 Year 3 Year 4 Year 5
Salary 3800 4180 4598 5057.80 5563.58
Extra income 1500 2000 1500 2500 1000
Total money 5300 6180 6098 7557.80 6563.58
income

Total housing 400 400 140 140 140


Total 300 500 500 500 500
transportation
Total food 300 350 400 450 500
Total gratitude 650 650 650 650 650
and donation
Total 75 75 75 75 75
entertainment
Total loan 110.93 511.41 1520.25 1520.25 1520.25
Total expenses 1835.93 2486.41 3285.25 3335.25 3385.25
Total monthly 3464.07 3693.59 2812.75 4222.55 3178.33
saving
Total annual 415568.84 44323.08 33753 50670.60 38139.96
saving
Accumulated 41568.84 85891.92 119644.92 170315.52 208455.48
annual saving

• It shows that after 1 year working, i am able to buy a car which is Proton Saga 1.5L with the cheapest
monthly loan, RM400.48
• In the third year, i have decided to buy a condominium which around RM1010. Still, I manage to save
RM33753 monthly
Conclusion
Financial planning is important in order to track monthly expenses to create a stable
financial.
Controlling finances is important to save up more money especially in this era’s economic
environment that are not stable.
As a Malaysian Network Engineering fresh graduate, my first salary is RM3800 which
increase by 10% each year. I can manage my financial planning for both short term and
long term expenses.

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