Family Finance 102

Do you have a “Family Financial Plan?” If you haven’t put your family’s financial goals and plan of action into writing, you increase your risk of being in the same financial rut that most Filipino families suffer: not having enough savings, borrowing too much, and exposed to life’s financial disasters.  This whole-day workshop, conducted by Registered Financial Planners, entitled MONEYSENSE LIVE’S FAMILY FINANCE 102, will teach and guide you in preparing your “Family Financial Plan” and set you off toward the path of financial freedom.

IS YOUR FAMILY’S FINANCES OUT OF WHACK?

TIME TO GET THEM IN ORDER!

What are your dreams for your family? How much are you worth? How much debt is too much? What options do you have for saving for your children’s college education? How much insurance coverage do you really need? These are hard money questions you NEED to answer. Otherwise, you’ll make one financial mistake after another. The future of your family’s financial future depends on what you DO NOW!

In our last Family Finance 101, we taught you how to work together as a married couple in handling your finances, numerous tipid tips to live within your means, and how to run your household as a business. Now, learn how to create your very “Family Financial Plan” and attend the whole-day, hands-on, act-now MONEYSENSE LIVE’S FAMILY FINANCE 102, the fourth interactive seminar of MoneySense Magazine, which will be held on August 7, 2010, 9:00am-5:30pm at AIM Conference Center, Makati City.

Registered Financial Planners will walk you through step by step with your very own workbook, which contains financial worksheets that you fill out during the seminar-workshop. At the end of the day, you will have your actionable, realistic, and by-the-numbers guide “Family Financial Plan.”

WHO SHOULD ATTEND

• Parents of young children…who want to give their their kids the best education
• Newly married couples…who want to start right with their financial life
• Couples…who spent and borrowed too much and want to be debt-free
• Heads of families…who don’t want their family to suffer from financial ruin due to life’s risks
• Solo parents…who want to provide their children financial security
• Families…who dream of a bright future and achieve financial freedom
• Singles…who plan to have their own family one day and want to be financially ready

HOW YOU WILL BENEFIT

• You get to make your own financial plan with goals and action steps, giving you a clearer direction for your family’s financial future
• It covers seven major components of a financial plan for a comprehensive picture of your family’s overall financial health
• You will be guided by Registered Financial Planners (RFPs) and professional money experts who will help you step-by-step make your financial plan the right way
• It’s a one-day workshop, which means you have more than enough time to think things through and not get rushed
• You come up with a financial plan that’s personalized to your current situation and future goals, not a generic or theoretical plan
• Your financial plan is all in writing, which you can refer to and not forget after the seminar

WHAT YOU WILL LEARN

The seminar-workshop features 7 modules:

1. Financial Goal Setting

• identify your dreams for your family
• turn your dreams into actionable goals
• make effective financial goals

2. Net Worth and Cash Flow Statements

• determine your true net worth
• know which possessions are assets and which ones are actually liabilities
• estimate the market value of your assets
• compute your average income even if you don’t have a fixed salary
• differentiate fixed vs. variable expenses, discretionary vs. non-discretionary income
• discover hidden expenses
• compute your monthly cash flow

3. Spending Plan

• make a monthly budget/spending plan
• understand that you don’t have to be a hermit to live within a budget
• determine which areas you can cut back on
• identify money saving measures
• decide which expenses to prioritize
• make strategies in your spending patterns
• revise a budget that allows your to be cash flow positive

BONUS: demo of a Web-based budgeting tool that will help you create and track your spending plan!

4. Savings Plan

• know the difference between saving and investing
• determine how much emergency savings you need to build
• strategize on how to build your emergency savings based on your new spending plan
• identify other financial goals that require short-term savings
• build short-term savings aside from your emergency fund
• discover the various financial instruments available for your short-term savings
• choose the right savings vehicles for your needs

5. Education Plan

• find out average current tuition of major grade schools, high schools, universities, and colleges
• decide which school to send your children
• compute other school expenses you should take into consideration
• determine how much total educational fund you need
• calculate the future value of your educational fund
• finance this educational fund through different options (pre-need plans, savings, mutual funds, etc.)

6. Debt Management

• find out how much debt you should carry
• pay off debt effectively, quickly, and systematically
• compute the real cost of borrowing
• factors to consider when shopping for a loan
• choose the right credit card, personal loan, housing loan, and auto loan
• save on loan fees and interest
• learn how banks and credit card companies determine your qualifications
• find out how financial institutions decide on the amount of money they will lend you
• determine your rights as a borrower
• know what to do when you are harassed by creditors

7. Risk Management

• identify the various risks that can happen to your life, health, and property
• understand the financial impact of those risks happening to you
• know what kind of life and non-life insurance you really need
• understand which situations require insurance coverage and which ones don’t
• calculate how much coverage you should have
• choose the right insurance package and provider
• save on insurance premiums

YOUR FACILITATORS

Registered Financial Planners (RFPs) Alvin Tabanag and Rienzie Biolena, all certified by the Ohio, US-based RFP Institute, will facilitate the seven modules.

WORKSHOP FEE

New special 1+1 promo: Bring your spouse or child and just add P1,000. Pay a total of P3,500 for 2 people, equivalent to only P1,750 per head (a 30% discount!).

REGISTER NOW!

PAYMENT PROCEDURES

Registering online is only half of the entire registration process! You have to pay the registration fee to complete the process and secure your seat. We made the payment process so much easier! Please follow these three simple steps to pay:

Step 1. Deposit the seminar fee to the bank account below:

Account Name: LearningCurve, Inc.

Account No.: SA#4443-0297-59

Bank Name: BPI (any branch)

Step 2. E-mail the following info to register @ iluvlearning.com.

Full name:

Date paid:

Amount paid:

Transaction no.:*

* The transaction number can be found on the upper right area of the deposit slip.

Step 3. Wait for a confirmation e-mail.

We will confirm your deposit within 2 to 3 working days. When you receive our confirmation e-mail acknowledging your payment, that means you are now on our registered and paid list. You can go straight to the venue. Just bring a valid ID and your deposit slip