Creating a budget
Challenge reference: 5200
Active
Notional learning hours
10
Level
Entry 3
Subject area
Preparing for Adulthood pathway
Vocational area
Skills
Learning aim
The learner will create a budget to manage their own money.
Learning context
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Learning outcomes
(What the learner needs to know, understand or be able to do)
The learner will:
-
1
. Be able to identify income and expenditure.
-
2
. Be able to describe ways to stay within a budget.
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Assessment criteria
(What the learner need to demonstrate in order to meet the learning outcome)
The learner can:
- State what income is
- List expected income for one week
- State what expenditure is
- List expected expenditure over one week
- Identify expenditure where spending can be reduced
- Give examples of how spending can be reduced
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Assessment methodology
Assessment methodology
Linked to learning outcome
Labelled product, video or photographic evidence
1
Record of oral questioning
2
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