Natasya Hanim Binti Ilias (2021864616)

TABLE OF CONTENT
CONTENT PAGES
Biography of family 3
Financial Information 4
Monthly Information 5
Balance Sheet 6
Cash Flow 7
Ratios 8
Income Tax 9
Comment and Advice 10
How Covid-19 Affect This Family 11
Recommendation 12
2
BIOGRAPHY OF FAMILY
Mrs Nadia Auni and her husband, Mr Mohd Azli has been married about 3
years. As she is my eldest sister, so I have decided to choose her family to be
part of my individual assignment which “Family’s Financial Planning” as
well as be their family financial planner. Mrs Nadia is 29 years old while her
husband is 36 years old. They have a son named Muhammad Mikhael
Fahrezy who is one year and 8 months old. They lived in Gong Kedak,
Kelantan. Mrs Nadia work as nurse at Hospital Kuala Lumpur.
Since Mrs Nadia work in Kuala Lumpur, they have to live as long-distance
relationship couple. Her husband had to live in the village at Kelantan to
take care of their son moreover he was a self -employed. They owned
single-family house and have a car, Perodua Myvi as their personal car and
Yamaha 15 as Mr Azli’s motorcycle. Other assets that they have is furniture
and jewelleries.
3
FINANCIAL INFORMATION
4
MONTHLY INFORMATION
5
BALANCE SHEET
6
CASH FLOW STATEMENT
7
RATIOS
Asset liquidity
Liquid assets Mr. Azli and family's liquidity
Take-home pay assets are in a safe zone and in
Liquid asset to good condition because the
= RM 18500
take-home pay ratio is higher which 48.17%
RM 38400 – 0
ratios whereby the normal ratio
= 0.4817@ 48.17%

which is between 25% - 50%
range and 3 or 6 months.
Liquid assets The ratio is more than 1 which

Current liabilities portrays Mr. Azli’s and family
= RM 18 500 has high liquidity position to
Current ratio
RM 200 pay short term obligations.
= 92.5 times @
RM 92.50
Level of debt
Total liabilities Debt ratio for Mr Azli and
Total assets family is only 2.41% which is
Debt ratio
not high and meaning that
= RM 5200 this family will not face
RM 215300 difficulties in getting new loan
= 0.0241 @ 2.41% since the debt ratio is under

30%.

This means that Mr Azli earns RM

Take-home pay 19.20 in take-home pay for each
Debt service charges RM 1.00 of required debt
Debt service repayment and interest. The
= RM 38400 higher the ratio, the better
coverage ratio
RM 2000 because it means that Mr Azli and
= 19.2 @ RM19.20 family ‘s has the ability to make
payments.
8
INCOME TAX
9
COMMENT AND ADVICE ON THE
FAMILY’S FINANCIAL SITUATION
Based on the figures and assertions above, Mr. Azli has more
assets than liabilities, with his assets being approximately RM
212 500 and his total liabilities being about RM 5 200. This
means that Mr. Azli has no trouble paying his current debts.
Mr. Azli will be able to quickly pay off his long-term debt if he
invests more in the future to boost his income. His net worth
is RM 207 300, an excellent starting point for developing a
financial plan because it provides reliable measurements of
his wealth.
Mr. Azli's family's total inflows continue to surpass total

outflows, resulting in a positive contribution to savings of RM
10 055. It is a pretty good thing for this family because they
did not spend more than they earned, and Mrs. Nadia also
received a yearly bonus. Furthermore, it shows a negative-sum
based on Mr. Azli's family income tax. They are still ineligible
to pay income taxes.
However, as my advice, I may recommend that Mrs. Nadia use

public transportation, such as the MRT or LRT, to cut
transportation costs and hence cash outflow.
10
HOW COVID-19 AFFECTS THIS
FAMILY’S FINANCIAL PLANNING
FOR THE YEAR 2022
As we all know, Malaysia has been afflicted by a virus called

COVID-19, which has caused the Malaysian economy to collapse
nearly. The same is true for Mr. Azli's family, who is also afflicted
by the pandemic.
Since the outbreak, Mr. Azli has purchased and restocked

masks and hand sanitizer for his family and his in-law's family
every month. At their home, Mr. Azli also prepares the Covid 19
test kit. If one of his family members becomes ill, he can use the
Covid test kit to ensure that everyone is safe. Mrs. Nadia had the
same problem because she resided in Kuala Lumpur. The cost
of living has risen dramatically, particularly for groceries and
medical supplies.
11
RECOMMENDATIONS TO FURTHER
IMPROVE THE FAMILY’S FINANCIAL
SITUATION IN THE FUTURE
According to the recommendation for this family to enhance

their financial planning shortcomings, Mr. Azli should get
insured insurance for himself and his family because this
family does not have insurance. This is to support his family.
They may be able to obtain insurance, such as medical
coverage. His wife, for example, maybe eligible for medical
coverage during childbirth. This insurance will operate as a
shield for this family in the event of an accident. Mr. Azli
must also insured life insurance to protect his family.
On the other hand, Mr. Azli and Mrs. Nadia should expand
their investment strategy. Apart from saving, consumers
might invest their money in Amanah Saham Bumiputra or
additional business shares to make a profit. They can
improve their investment assets by doing so.
12

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TABLE OF CONTENT

Comment and Advice 10

How Covid-19 Affect This Family 11

Liquid assets The ratio is more than 1 which

This means that Mr Azli earns RM

Mr. Azli's family's total inflows continue to surpass total

However, as my advice, I may recommend that Mrs. Nadia use

As we all know, Malaysia has been afflicted by a virus called

Since the outbreak, Mr. Azli has purchased and restocked

According to the recommendation for this family to enhance

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