View Unit : Personal Money Management

Unit

Unit Reference Number

D/600/3727

Qualification Framework

QCF

Title

Personal Money Management

Unit Level

Level 2

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

14.1 Foundations For Learning and Life

Unit Grading Structure

Pass

Assessment Guidance

N/A

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Understand what is meant by income and expenditure.	1.1	. Identify items of personal income and expenditure.
1	Understand what is meant by income and expenditure.	1.2	. Describe how these may be affected by changing circumstances.
2	Be able to record income and expenditure for a personal budget.	2.1	. Record weekly and monthly income and expenditure in a clear format.
3	Understand the problems of coping on a limited budget.	3.1	. Identify the problems of living on a restricted budget.
3	Understand the problems of coping on a limited budget.	3.2	. Describe the advantages and disadvantages of possessing credit, debit and charge cards.
4	Recognise different types of services that banks offer.	4.1	. Identify the differences between, and uses of: (a) current accounts; (b) savings accounts; (c) mortgage loans; (d) other types of loans.

Equivalent Units

There are no equivalences to display.