Managing Money

Overview

Framework:
RQF
Level:
Entry Level 3
Unit No:
Y/504/9465
Credits:
2
Guided learning hours:
20 hours

Assessment Guidance

Portfolio of Evidence.

Unit Learning Outcomes

1

Know about income and expenditure.

Assessment Criteria

  • 1.1
    Identify main items of income and expenditure for
    •self
    •a householder.
  • 1.2
    Outline the difference between wants and needs in terms of expenditure.
  • 1.3
    Give reasons why it is important that expenditure does not exceed income.
  • 1.4
    State possible consequences of expenditure exceeding income.
2

Know about sources of help in managing money.

Assessment Criteria

  • 2.1
    Outline different sources of help in managing money (human and non-human).
  • 2.2
    Give examples of the sort of help the different sources can provide.