Money management and budgeting
Challenge reference: 9553
Active
Notional learning hours
10
Level
Entry 1
Subject area
Preparing for Adulthood pathway
Vocational area
Skills
Learning aim
The learner will develop understanding of the role of money in everyday life, enabling them to recognise items that require payment, make simple financial decisions, and begin to manage a basic budget through supported and semi-independent activities.
Learning context
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Learning outcomes
(What the learner needs to know, understand or be able to do)
The learner will:
-
1
. Describe the purpose of money and identify different ways it is used in everyday life. -
2
. Identify and categorise items that require payment in real or simulated shopping environments.
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Assessment criteria
(What the learner need to demonstrate in order to meet the learning outcome)
The learner can:
- Describe what money is used for and give at least two examples of spending (e.g. 'We use money to pay for food and bus tickets')
- Participate in a group discussion and contribute at least two ideas
- Create a collage or drawing showing items that require money
- During a shopping trip or role-play a shopping trip and explain what is being bought and why
- Identify at least four items in a shop or role-play scenario that require payment and group them by type (e.g. food, clothes, toys)
- Use a shopping list to locate and price items in a classroom shop
- Match items to price tags and sort them into categories
- Use a visual board to group items that cost money and those that don’t (e.g. library books vs. snacks)
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Assessment methodology
Assessment methodology
Linked to learning outcome
Observation checklist
1
2
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