The main focus of the assessment for this unit is on the skills required to manage money. However, it is expected that the underpinning teaching and learning will help develop learners’ awareness of:
• the importance of being able to manage their own money and ensuring that expenditure does not exceed income
• threats such as common online scams or face-to-face situations such as ‘mate crime’.
To introduce learners to the concept of managing money.
For the full unit details, please download the latest version of the qualification specification. This is available for download on the relevant qualifications page.
To view the assessment criteria and any additional content, please expand the relevant learning outcome below.
Identify main items of income and expenditure for a householder.
Differentiate between wants and needs in terms of expenditure.
Identify situations in which someone might be trying to take money from them or control their access to money unlawfully or maliciously.
Identify different sources of help in managing money relevant to own circumstances (current and/or in the near future).