{"id":4900,"date":"2025-07-24T08:19:00","date_gmt":"2025-07-24T01:19:00","guid":{"rendered":"https:\/\/tesfa.vn\/en\/?p=4900"},"modified":"2025-07-24T09:03:21","modified_gmt":"2025-07-24T02:03:21","slug":"internal-sharing-personal-finance-management","status":"publish","type":"post","link":"https:\/\/tesfa.vn\/en\/internal-sharing-personal-finance-management\/","title":{"rendered":"Internal Sharing \u2013 Personal Finance Management"},"content":{"rendered":"

TESFA recently organized an internal sharing session on the topic of “Personal Finance Management.” This special session was led by Ms. Kim Hanh \u2013 not only a talented accountant but also one of TESFA’s most veteran staff members. With extensive experience and the ability to handle a myriad of complex financial situations, Ms. Kim Hanh brought practical and valuable knowledge that no book can convey.<\/p>\n

\"\"
Internal Sharing Session: Personal Finance Management by the Accounting Department<\/figcaption><\/figure>\n

The entire staff of TESFA attended the sharing session, and everyone found the session with this special topic unmissable. From the clear presentation to the final quiz game, the event ran smoothly and provided a lot of useful information, especially as these are essential soft skills for anyone. Below are some of the highlights of the sharing session recorded by TESFA; let’s take a look back.<\/p>\n

What is personal finance?<\/strong><\/h2>\n

The sharing session began with a definition of personal finance. Ms. Kim Hanh explained that it is the process of managing personal money, including income, expenses, savings, and investments. She emphasized that personal finance plays a role as a tool to help each person control cash flow and orient financial direction effectively.<\/p>\n

Why manage personal finance?<\/h3>\n

After clarifying the concept, Ms. Kim Hanh moved on to present the reasons for the necessity of managing personal finance, focusing on five main aspects.<\/p>\n

    \n
  • First<\/strong>, financial management helps take control of cash flow, allowing individuals to clearly understand their income and expenses, and avoid shortages at the end of the month.<\/li>\n
  • Second<\/strong>, it supports the achievement of personal financial goals, such as buying a house, purchasing a car, or carrying out long-term plans.<\/li>\n
  • Third<\/strong>, effective management can increase asset volume through proper saving or investing.<\/li>\n
  • Fourth<\/strong>, it creates favorable conditions for growth opportunities, such as investing in education or personal projects when finances are stable.<\/li>\n
  • Lastly<\/strong>, it provides preparedness for unexpected incidents, with an emergency fund serving as a safety net in times of hardship, such as job loss or sudden medical expenses.<\/li>\n<\/ul>\n
    \"\"
    Why is it important to manage personal finances strictly?<\/figcaption><\/figure>\n

    These benefits are presented logically along with real-life examples, helping employees clearly understand the importance of the topic.<\/p>\n

    Principles of Personal Financial Management<\/strong><\/h3>\n

    To make the implementation more practical, Ms. Kim Hanh went on to introduce six fundamental principles of personal financial management.<\/p>\n

      \n
    • The first principle is to identify your budget sources<\/strong>, requiring each individual to clearly understand their total income from sources such as salary or side jobs in order to plan appropriately.<\/li>\n
    • Second<\/strong>, always review your spending to control unnecessary expenses and make adjustments when needed.<\/li>\n
    • Third<\/strong>, setting clear financial goals and roadmaps helps break down larger plans into achievable steps \u2014 such as saving a specific amount within a certain timeframe.<\/li>\n
    • Fourth<\/strong>, avoid spending more than 10% of your income to maintain financial balance.<\/li>\n
    • Fifth<\/strong>, escape the debt cycle by prioritizing debt repayment and limiting new borrowing.<\/li>\n
    • Lastly<\/strong>, saving 10\u201315% of your monthly income is recommended as a way to build a solid long-term financial foundation.<\/li>\n<\/ul>\n

      These principles are explained in detail, accompanied by real-life examples to help everyone easily visualize and apply them.<\/p>\n

      \"\"
      The principles of personal financial management that need to be mastered are listed by Ms. Hanh.<\/figcaption><\/figure>\n

      Common Mistakes in Personal Financial Management<\/strong><\/h2>\n

      After presenting the principles, Ms. Kim H\u1ea1nh moved on to analyze the common mistakes in managing personal finances.<\/p>\n

        \n
      • First<\/strong>, lacking a plan or goal leads to inefficient use of money.<\/li>\n
      • Second<\/strong>, not fully understanding debt can result in accumulating high interest and struggling with repayments.<\/li>\n
      • Third<\/strong>, excessive, unnecessary, and emotional spending often drains financial resources without delivering long-term value.<\/li>\n
      • Fourth<\/strong>, impatience and overly high expectations can cause people to abandon their plans when results don’t appear immediately.<\/li>\n
      • Lastly<\/strong>, failing to build an emergency fund leaves individuals vulnerable when facing unexpected situations.<\/li>\n<\/ul>\n

        These insights were delivered objectively, helping employees reflect on their own financial management practices.<\/p>\n

        \"\"
        Ms. Hanh pointed out several common mistakes in personal financial management.<\/figcaption><\/figure>\n

        Which tools should be used for personal financial management?<\/strong><\/h2>\n

        To support the application of the previously discussed principles, Ms. Kim H\u1ea1nh moved on to suggest several financial management tools. The options included apps such as Money Lover, Spendee, or Excel spreadsheets<\/strong>. For those who prefer a more traditional approach, a handwritten notebook can also be an effective solution. She emphasized that the most suitable tool depends on each individual’s habits and needs. Some employees even began exploring these apps during the session, showing a genuine interest in practical application.<\/p>\n

        \"\"
        Some tools to help manage personal finances effectively<\/figcaption><\/figure>\n

        Effective Ways to Manage Personal Finances<\/strong><\/p>\n

        Following the discussion on tools, Ms. Kim H\u1ea1nh introduced the 50\/30\/20 rule as a simple and effective method for managing personal finances. According to this method, income is divided into three categories:<\/p>\n

          \n
        • \n

          50% \u2013 S Account (Survival):<\/strong> Allocated for essential living expenses such as housing, food, and transportation.<\/p>\n<\/li>\n

        • \n

          20% \u2013 S Account (Savings):<\/strong> Reserved for savings, investments, or an emergency fund to ensure future financial security.<\/p>\n<\/li>\n

        • 30% \u2013 C Account (Comfort):<\/strong> Used for entertainment, shopping, or leisure activities to maintain quality of life.<\/li>\n<\/ul>\n
          \"\"
          She also shared effective financial management methods drawn from her own accumulated experience.<\/figcaption><\/figure>\n

          Quiz game<\/h2>\n

          To conclude the main content, the session transitioned into a multiple-choice quiz game designed to reinforce the knowledge shared. This activity was not only entertaining but also encouraged employees to reflect on their personal financial habits.<\/p>\n

          \"\"
          Everyone enthusiastically participated in the game.<\/figcaption><\/figure>\n

          Conclusion<\/h2>\n

          At the end of the session, Ms. Kim H\u1ea1nh left the audience with a message: “Personal financial management is a simple process if you start with small changes.”<\/em>
          TESFA employees expressed their agreement with a round of applause, closing the event on a positive note. From an observer\u2019s perspective, the session was well-organized, delivered practical knowledge, and created opportunities for employees to apply what they learned in real life. TESFA successfully hosted a meaningful internal activity that not only raised financial awareness but also strengthened team bonding.<\/p>\n","protected":false},"excerpt":{"rendered":"

          TESFA recently organized an internal sharing session on the topic of “Personal Finance Management.” This special session was led by Ms. Kim Hanh \u2013 not only a talented accountant but also one of TESFA’s most veteran staff members. With extensive experience and the ability to handle a myriad of complex financial situations, Ms. Kim Hanh…<\/p>\n","protected":false},"author":2,"featured_media":4914,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"pgc_sgb_lightbox_settings":"","footnotes":""},"categories":[191,1],"tags":[],"class_list":["post-4900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc-noi-bo","category-news"],"_links":{"self":[{"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/posts\/4900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/comments?post=4900"}],"version-history":[{"count":2,"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/posts\/4900\/revisions"}],"predecessor-version":[{"id":4902,"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/posts\/4900\/revisions\/4902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/media\/4914"}],"wp:attachment":[{"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/media?parent=4900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/categories?post=4900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tesfa.vn\/en\/wp-json\/wp\/v2\/tags?post=4900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}