Managing my money
Challenge reference: 9554
Active
Notional learning hours
10
Level
Entry 2
Subject area
Preparing for Adulthood pathway
Vocational area
Skills
Learning aim
The learner will understand how to manage a small amount of money and make spending decisions.
Learning context
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Learning outcomes
(What the learner needs to know, understand or be able to do)
The learner will:
-
1
. Identify sources of income and spending. -
2
. Create a simple budget.
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Assessment criteria
(What the learner need to demonstrate in order to meet the learning outcome)
The learner can:
- List at least two examples of income (e.g. pocket money, birthday money)
- List at least two examples of spending (e.g. snacks, bus fare)
- Plan how to spend a set amount of money (e.g. £10) across at least three items
- Record the planned spending using a table, list, or visual aid
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Assessment methodology
Assessment methodology
Linked to learning outcome
Record of oral questioning
1
Labelled product, video or photographic evidence
2
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