Learning Strand 4
Life and Career Skills
Learning Activity Sheets
Wise and Safe Handling of Money
Department of Education • Schools Division Office of Apayao
Republic of the Philippines
DEPARTMENT OF EDUCATION
Cordillera Administrative Region
Schools Division of Apayao
Capagaypayan, Luna, Apayao
Published by:
Learning Resource Management and Development System
COPYRIGHT NOTICE
2021
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This material has been developed for the implementation of K-12 Curriculum through the
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Consultants: IRENE S. ANGWAY PhD, CESO V
Schools Division Superintendent
JERRY B. SARIO PhD
OIC, Assistant Schools Division Superintendent
Chief Education Supervisor, CID: JOY D. SALENG
Division LRMS Supervisor: JULIET A. RAGOJOS
Education Program Supervisor: ARNOLD A. TOMAS
LAS Evaluators: ALLAN C. GOBRIN
Public Schools Supervisor IRENE D. PORTACIO
Writer: GLADYS MAE B. JUAN
District: Alternative Learning System, Northern Conner District
FOR EDUCATIONAL PURPOSES ONLY
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Department of Education - Schools Division of Apayao, Capagaypayan, Luna, Apayao
Email Address: apayao@deped.gov.ph
ALTERNATIVE LEARNING SYSTEM
Name of Learner: _____________________________ Level: __________
Community Learning Center: ___________________________ Date: __________
LEARNING ACTIVITY SHEET
Learning Competency with Code: Wise and safe handling of money
[LS4LC-SC-PSF-AE/LS-AS-3.1.2]
Does it seem like money flies out of your pocket or bank account without you noticing where it is
going? Do you have control over how you spend money? Can you live within your income — meeting
expenses and putting some money aside for emergencies, unanticipated expenses, and to meet long-
term goals?
Money is a part of our life every day. What we wear, what we eat, where we live, and the fun
things we do are only a few money related decisions we make. In this activity, you will learn about the
essential ways to manage money.
MONEY MANAGEMENT SKILLS
1. BUDGETING
Do you run out of money before all your expenses are paid each month? While people work
hard to earn an income, they often do not work at planning how income will be spent. There are steps
you can take to make a budget work for you. The basic steps in
budgeting include:
1. Track how your money is spent for one month.
2. List all income for the month.
3. Compare expenses to income.
4. Determine what changes you can make to achieve your goals.
5. Make a spending and savings plan.
6. Use your spending and savings plan.
7. Review your plan as well as your income and expenses
periodically, adjusting, as necessary.
2. TRACKING YOUR DAILY SPENDING
Purchases of even
your daily spending helps you see where your money goes. Be sure
to record purchases made in cash and by check, credit card, or debit
card. Record weekly totals and transfer to your budget worksheet.
Other methods to
or saving receipts and writing on them what you purchased.
3. SAVING
SAVING MONEY IS IMPORTANT FOR SEVERAL REASONS:
1. Provides funds for emergencies and unexpected expenses.
2. Helps you reach your financial goals.
3. Gives you a feeling of security
TIPS TO START SAVING
• Save your change.
• Cut back on eating out.
• Put a peso a day in a piggy bank, then into a saving account.
• Save any raise in pay.
• Save birthday money or any gifts of money.
• Hide your savings in a safe place until you have enough to put in the bank (so you won’t be tempted
to spend it).
• Open an interest paying savings account.
4. INCREASING YOUR INCOME; DON’T FALL FOR A SCAM
If your income is less than your monthly expenses, consider what you can do to increase your income:
• get a second job,
• work overtime,
• check on assistance through local agencies,
• ask family for help, or
• sell some possessions.
Watch out for money-making opportunities that sound too good to be true. There are many
scam artists who want to take your money by offering bogus business opportunities.
Look for these warning signs:
• Many ads for fraudulent business opportunities run through mobile phones, online and in
newspapers. Look at the type of business. Some advertisements are legitimate, but fraudulent
opportunities. They usually require you to send money, then fail to deliver the equipment and products
needed for the service; or products are of extremely poor quality.
• You may find yourself with worthless equipment and merchandise and no way to contact the
company as they often move to dodge authorities.
• Some operations ask you to send money, then send you
information to place a similar type of ad to make money.
• Be careful of “work from home” ads that claim you can make
hundreds or thousands of peso part time.
• If you received letters promoting a money-making venture, such
as asking you to send money to other people listed in the letter and
guaranteeing you will get a huge amount of cash in return, this
most likely is a fraudulent scheme.
• Once you fall for a money making scam, your name is on a list
and sold to other scam operators who will send you more “get rich”
information.
Remember: If a money-making opportunity sounds too good to be true, it probably is. It also may be
illegal.
PYRAMID SCHEMES Be especially careful of “Pyramid” money-making schemes. In a pyramid
scheme, you pay money for the opportunity to receive more money that comes primarily from the
people you recruit, rather than from the sale of goods. You may have to buy a product that might be
extremely costly. Pyramid schemes do not work because of the number of people who must be
involved for you to get your money back or make money. The first person recruits one person. At every
additional level, each person in a pyramid scheme recruits one new person. As this goes on, the
numbers become so large that it would be impossible to recruit that many people.
5. RECORD KEEPING: THE FACTS OF YOUR LIFE
WHEN DO YOU NEED IMPORTANT RECORDS?
There are many times when you and your family will need important records. Records help us
remember important things about the family, as well as what the family owes and owns. They can help
us manage our everyday finances, as well as handle emergencies. They also can help us prove that
certain things happened (or how they happened). Important records may help protect us in legal and
financial matters.
YOU MAY NEED TO HAVE IMPORTANT RECORDS WHEN: If you have an
• you are paying bills organized record-
• there is a question about whether (or when) you paid a bill keeping system,
• you lose a credit card • official documents are lost or destroyed you will know where
• You file for retirement or other benefits important records
• you apply for public assistance are located and
• you file your income tax return how to get to them.
• your child enters school An organized
• a family member or relative dies system of storing
• you (or a family member) are involved in an accident important records
• you (or a family member) are in the hospital or visit the doctor may save you time,
• you buy or sell a car, house, or other asset frustration, and
• a purchase that is covered by a warranty needs repair or replacement money, especially
• something is stolen in an emergency.
• your home or possessions are damaged in a fire or storm
• you file an insurance claim
• you look at how money is currently being spent
• you plan future spending, such as when an appliance may need replacing
Activity 1
Direction: Use the following chart to list 10 items you can think of in each category.
Necessities Luxuries
Activity 2 The price of a product is often not reflective of its quality. The quality of a cheaper shampoo
might actually be better than the quality of a more expensive one.
Direction: Make a list of 10 personal care items you would need to purchase each month. Go to two
different stores and price the items listed, making use of your comparison shopping skills. Record the
prices next to the respective items on your list.
Activity 3
Direction: Think of food menus that you are going to cook your breakfast, lunch, and dinner. Develop
a grocery shopping list according to your planned menu.
Food Menu for the Day
Breakfast Lunch Dinner
_____________________ ______________________ _____________________
(menu) (menu) (menu)
MY
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Assessment:
Direction: Use the chart below to keep track of the things you spend your money on throughout a
single week. Differentiate between luxury and necessary items. Be sure to write in the price of each
item. (15 pts)
After reviewing the above information, how would you describe your spending habits?
Do you think you need to change some of your spending habits? If so, what might be
some things you could do right away to improve the ways you spend your money?
References for Learners:
Module 7: Financial Fitness Learner’s Handbook Life Skills for Self-Directed Learning | USAID
Opportunity 2.0 Program| Philippines
S134G Essential Living Skills: Money Management (ksu.edu)
budget-concept.jpg (612×535) (istockphoto.com)
il_570xN.3390969930_p5gb.jpg (570×713) (etsystatic.com)
Youth In Transition Toolkit (wa.gov)
ttps://www.knowseeker.com/wp-content/uploads/2020/03/internet-scam.jpg
gettyimages-1293745682.jpg (1200×675) (cnet.com)
Reflection:
1. I learned that ______________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
2. I enjoyed most on__________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
2. I want to learn more on______________________________________________________
___________________________________________________________________________
___________________________________________________________________________
Answer Key
Activity 1 – Answers may vary
Activity 2 - Answers may vary
Activity 3 - Answers may vary
Prepared by:
GLADYS MAE B. JUAN
(Name of Writer)
