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AIESEC in São Carlos – Discovery Days – 2010.2AIESEC EM ARACAJU
Financial Education
Hélio CarvalhoFinance Director – AIESEC em Aracaju
AIESEC in São Carlos – Discovery Days – 2010.2
Objectives of the Session
Understand the importance of
financial planning;
How to Make a Budget;
Money-Saving Tips;
Sharing experiences and tips.
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
What is this?
Decision-making
Resources Management
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
• Purchasing a property ; • Achieve goals , like an exchange;• A good standard of living; • Buy a house or a car;• Financial security.
Consequences of a Good Planning
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
ProblematicPlanning and savings
Unlimited Wishes X Finite Resources
Why?• Psychological factors;• Marketing campaigns;• Easy credit;• Brazilian background: political and
economic instability
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
Planning Dynamics
• Follow the planning systematically
• Without external influenced =
disciplined
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
Expenditure Dynamics
• To include in the financial planning a error limit
Budget D
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
Budgeting - Three Steps
• The 1st step is to make a detailed
budget
(revenue and expenditure);
• The 2nd step is to define the
objectives;
• The 3rd step is to define what kind of
investor you are.
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
PDCA Cycle
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
PLAN
• Know the current situation ;
• Gathering information:Expenditure record.
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
DO • Awareness
• To bargain
• No waste
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
CHECK
• Day after day
• Expenses registry
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
ACT
• Identify deviations;
• Revise the plan;
• Change attitudes.
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
Economist advice• To Save 10% of income
• Share this 10% in three equal parts and apply them in investments of short,medium and long term.
• SHORT TERM = savings accounts, 0.6% per month.
• MEDIUM TERM = CBD Fixed Income, 0.7 to 0.8% per month.
• LONG TERM = is important to start walking in the stock market.
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
Example
= =
R$ 1/day during 20 years = R$ 15.000,00
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
Projection of savings
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
MANAGERS
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
Planning- X
Expensives Medium
DT, TT, ET, MT = R$5.000,00
Expenses may vary according to the benefits
of the TN.
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
Specific Factors• Country;• TN features;• Fee;• Health ensurance;• Duration;• Ticket;• Trips, parties, shoppings.
AIESEC EM ARACAJU
AIESEC in São Carlos – Discovery Days – 2010.2
LET’S TRY!?
• Balance:
> SIMULATOR
Revenue Expenditure
AIESEC EM ARACAJU
