Budgeting and saving
Challenge reference: 9555
Active
Notional learning hours
10
Level
Entry 3
Subject area
Preparing for Adulthood pathway
Vocational area
Skills
Learning aim
The learner will be able to plan a basic budget and understand the importance of saving.
Learning context
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Learning outcomes
(What the learner needs to know, understand or be able to do)
The learner will:
-
1
. Create a weekly budget. -
2
. Make informed spending decisions.
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Assessment criteria
(What the learner need to demonstrate in order to meet the learning outcome)
The learner can:
- List sources of income and regular expenses
- Calculate total income and total spending
- Identify any money left over or overspent
- Compare prices of at least two similar items
- Choose the best value option and explain the decision
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Assessment methodology
Assessment methodology
Linked to learning outcome
Labelled product, video or photographic evidence
1
Observation checklist
2
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