View Unit : Managing Your Own Money

Unit

Unit Reference Number

J/501/5960

Qualification Framework

QCF

Title

Managing Your Own Money

Unit Level

Level 1

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

14.2 Preparation for Work

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 different sources of income and common types of expenditure	1.1	P1 Describe different sources of income P2 Describe common weekly expenditure
2	Know how to compare income with expenditure	2.1	P3 Use basic calculations to compare income with expenditure
3	Know different types of savings accounts	3.1	P4 Describe different types of savings accounts P5 Identify a savings account to match own needs
4	Know ways to invest money for future needs	4.1	P6 Identify ways to invest money for future needs
5	Know the advantages and disadvantages of ways to invest money for the future	5.1	P7 Describe the advantages and disadvantages of ways to invest money for the future

Equivalent Units

There are no equivalences to display.