SELF-DIRECTION PLAN FOR 16-25 YEARS OLD

SUBMITTED TO THE FACULTY OF SAINT LOUIS OF

AURORA HILL BAGUIO CITY

IN A PARTIAL FULFILLMENT OF THE REQUIREMENTS

FOR ECONOMICS 10

SUBMITTED BY:
REY JAY L. SISON
X-INTEGRITY

SUBMITTED TO:
CARMELO O. VICUA JR.

MARCH 2016

I.

WAYS TO EARN MONEY

I will Sell my products in social media.

If I want to keep all the revenue and profit with me, I can build my own ecommerce store
or website although this will require me to invest more money to hire an eCommerce
website developer. I can also list my own products and services for sale in my own
website or blog if I already have one even if its not ecommerce enabled.
Find a Part-time Event Hosting Job.
This works for those who can entertain people, have a good voice, and can build a rapport
with the audience easily. I did this event hosting job, and it's really enjoyableit's a job
that never became stressful for me. I did part-time event hosting for contests, local miniconcerts, debuts, family gatherings, reunions, etc. Try it, it's fun! And for 1,000 pesos per
event, why not?

Sell Halo-halo Every Summer

In a tropical country like the Philippines, summer is really sizzling hot.
So why not sell Halo-halo in the neighborhood and begin earning a
profit of 100-200 pesos per day? Just make sure that your Halo-halo is
refreshingly delicious and flavorful.

Enough about SellingTry Writing Online

We Filipinos are taught to read and write English since grade school. So
it shouldn't be hard for to sell our articles online. Several article writing
websites are looking for people who love writingfor example,
Hubpages (yes, this site), Wikinut, and Redgage, just to name a few.
Start now and begin earning dollars even without leaving the
Philippines.
Let me tell you, paying electric bills in our Internet cafe has not been a
problem since I began blogging and writing online. It's worth itit's
both free to join and fun.

Offer e-Loads
Almost everyone in the Philippines, from the lower class to socialites,
have cellphones. This is one gadget we hate to go without. So if you
are thinking of ideas for an extra income, an e-loading business is a
good idea. Make sure that you offer all network loads such as Smart,

Globe, Sun, Talk 'n Text, and TM. Who will be your buyers? Colleagues,
friends, family members, etc. It gives small earnings, but it adds up.
Thus, it can provide you a good source of extra money per month.

Get four jars.

To build up your savings, it is good to have a system. You can use the
four jar system to help you decide how to use any money that comes
your way.[1] Ask a parent if there are four empty jars that you can use
to create your savings system.
If there are no jars available, then you can also use four empty soda
bottles. You will just need to find ones with a big enough opening to put
coins through or make a slit in the side of the bottle with a pair of
scissors. Make sure to ask mom or dad first.

Label your jars.

To use the four jar system, you will need to label each jar with a
different goal: Save, Spend, Give, and Grow. You can decide
how much money to allocate to each jar when you find some money.
The jar labels each mean something different:[2]
Save. Fill this jar with money that you do not intend to spend now or in
the immediate future. You might use this jar to save up for a big item,
such as a bike or video game system.
Spend. Fill this jar money that you plan to use for everyday expenses
or for something that you want to buy in the next week.
Give. Fill this jar with money that you plan to donate to charity or to
give to someone who needs it more than you.
Grow. Fill this jar with money that you plan to invest in a savings
account that will accumulate interest over the years.

II.

SAVINGS

Fifty pesos seems easy enough to keep weekly, but having to add fifty for 51
more weeks it means that every week from October onwards, youd have to
save at least Php 2,000 a week. Bigat!

III.

LIFE GOALS

Life goals might be a tough one to decide on at this early age but I
wanted to be one of the people who have a successful life in a way that I
have my own house, family, happiness and nevertheless money to keep me
from going. I admit that money is a secondary need in life but it is a must in

order to sustain the dreams for my own and for my family soon. With the
amount of money I have in the age of 16 years old within 25 weeks I earn
137,800 pesos and it is plus 23 weeks in order to fill-up the entire year I will
be able to have lets just say I will have 200,000 pesos as a minimum during
my teenage year so it will be multiplied into 5 years that will result to
1,000,000 million pesos in just 5 years. After that 5 years I will try to look for
a permanent work that have a higher salary lets say 70,500 pesos a month
as a doctor in a public hospital that is why multiplied into 12 months it will
result to 840,000 pesos per year and it will again multiplied into 5 years until
25 years old I will earn in just 5 years a 4,200,000 million pesos. To sum it all
the savings add the savings from 16-20 years old and add to the savings to
21-25 years old then I should have a savings of 5,200,000 million pesos in
just ten years. But it doesnt end up here in ten years Ill be having some
temptations to face and that is to spend a lot so lets just say that I will be
having a expense 2,500,000 Million pesos and it will be less in my savings
and I will be having a grand total for my savings and that would be
2,700,000 million pesos.

IV.

FINANCIAL GOAL

Short-term goals could be the purchase of household furniture, minor home improvements,
saving for a car down payment, etc. But these short-term goals differ from the day-to-day
household expenditures.
A short-term goal is one that you'd want to achieve in one to two years. Most investment
advisors say your first short-term goals should be getting your financial house in order by
eliminating credit card debt and establishing a rainy day fund. Intermediate-term and long-term
goals include buying a house, starting a business, and retiring according to your own schedule.
Here's how you can get started determining short-term goals and building a supportive financial
plan.

Identify your financial goals

First, figure out what you want to achieve most in your life. This can range from buying a
house to starting a business or retiring according to your own schedule. Without goals, any
money you earn can easily be spent instead of being saved or earmarked for an important
milestone or goal. As well as identifying financial goals, estimate the amount of money you'll
need to accumulate to reach each goal.

Get Out of Debt Completely

The great thing about this goal is that anyone can do it, regardless of income
or wealth level. And if you want to get the most out of your finances, its
virtually a requirement that you get out of debt.
For the moment, lets ignore the good-debt-versus-bad-debt debate. At some
point in your life, all debt is bad debt and needs to be paid off. That includes
the mortgage on your home. Although the purpose of that debt may be noble
at the beginning, its no less a drag on your income than any other debt as
time goes on.
There are more reasons to get out of debt than I can list here, but here are
just a few of them:

Getting out of debt means that youll have full control over your
income and thats an incredible feeling

It will leave you with more money for savings and investing and even
more for spending

It will remove the asterisk from your

It will make it easier to quit a job you dont like

It will free your mind of the worry and stress that come with debt