Personal budgeting
Challenge reference: 5949
Active
Notional learning hours
10
Level
Entry 3
Subject area
Preparing for Adulthood pathway
Vocational area
Skills
Learning aim
The learner will recognise the differences between essential and non-essential spending and understand about personal budgets.
Learning context
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Learning outcomes
(What the learner needs to know, understand or be able to do)
The learner will:
-
1
. Know about the difference between essential and non-essential spending.
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Assessment criteria
(What the learner need to demonstrate in order to meet the learning outcome)
The learner can:
- State the difference between essential and non-essential spending
- Give examples of essential and non-essential purchases
- Outline how much they spend on essential versus non-essential items
- Give a least two examples of how to prioritise spending within a budget
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Assessment methodology
Assessment methodology
Linked to learning outcome
Record of oral questioning
1
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