Unit Award Scheme

108554 MANAGING A BUDGET

In successfully completing this unit, the Learner will have		Evidence needed
experienced
1	taking part in a group discussion about what needs to be included in a household budget	Summary sheet
2	taking part in an activity to identify affordable ways to borrow money	Summary sheet
demonstrated the ability to
3	identify two welfare benefits that are available to people with disabilities	Summary sheet
4	describe what benefits are available for people who have lost their job	Summary sheet
5	describe what benefits are available for people who have children and other caring responsibilities	Summary sheet
6	describe what benefits are available for working people on low incomes	Summary sheet
7	prepare a budget for a person in a given scenario	Student completed work
8	identify four ways to reduce expenditure in a given scenario	Student completed work
9	identify three deductions on a payslip	Summary sheet
10	identify the cheapest form of credit over a given period of time from three given examples	Summary sheet
11	identify three ways to reduce household utility bills	Student completed work
12	describe the different reasons for short and long term saving and give two examples of each	Student completed work
13	identify three ways a family can save money on their weekly shopping bill	Summary sheet
acquired an understanding of
14	the difference between Annual Percentage Rate (APR) when applied to borrowing and saving	Summary sheet
15	at least three benefits of using online resources when identifying ways or reducing expenditure.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 26 September 2017Level - Level Two