Intro to Personal Budgeting and Money Management E3

Accredited Certificate through Open Awards

Unit Support

Unit

Intro to Personal Budgeting and Money Management E3

A

Format

Assignment and Video-based eLearning

A

Unit Duration

2 session per week (3 Weeks Course)

Resources

Resources Links will be enabled after registeration

Introduction to Unit Content

Learning Outcome –

The learner will:

Assessment Criterion –

The learner can:    

1

Understand what is meant by income and expenditure

 

1.1 Give examples of income
1.2 Give examples of expenditure

2

Be able to keep a personal record of personal income and expenditure

2.1 Use a given format to record weekly income and expenditure

3

Understand the problems of coping on a limited budget

3.1 State a minimum of 2 problems of coping on a limited budget
3.2 Identify large items of expenditure during the year

4

Understand the term ‘value for money’

4.1 Outline what is meant by ‘value for money’ using an example

5

Recognise the key information on a receipt or payslip

5.1 Identify key items recorded on a receipt or payslip

6

Understand what saving means

6.1 State what saving means
6.2 Give two examples of saving schemes

7

Produce a budget plan

7.1 Produce a simple and realistic personal budget plan for the future
7.2 Demonstrate keeping an accurate record of
personal spending
7.3 Give an example of a credit or charge card

 

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