Unit Award Scheme

116540 MANAGING PERSONAL FINANCES (UNIT 1)

In successfully completing this unit, the Learner will have		Evidence needed
demonstrated the ability to
1	identify at least two sources of income	Student completed work
2	give a minimum of two examples of how money can be received	Student completed work
3	identify at least two outgoings	Student completed work
4	give a minimum of two examples of how payments can be made	Student completed work
5	identify at least two problems which may occur if a person's expenditure is greater than their income	Student completed work
6	describe at least two ways of reducing expenditure	Student completed work
7	list their sources of income	Student completed work
8	list their outgoings	Student completed work
9	produce a personal budget plan	Student completed work
10	review their personal budget plan, eg with a teacher or peer, and make any necessary changes.	Summary sheet and/or student completed work

All outcomes recorded on an AQA Summary Sheet

Approved 8 January 2022Level - Level One