Unit Award Scheme

116646 MANAGING MONEY AS AN ADULT

In successfully completing this unit, the Learner will have		Evidence needed
demonstrated the ability to
1	identify how they currently spend their money	Summary sheet
2	identify the amount of money they currently spend on different items each month	Student completed work
shown knowledge of
3	two differences between essential and non-essential spending	Summary sheet
4	how balancing needs and wants is influenced by personal choice	Summary sheet
5	three ways to cut down expenses	Summary sheet
6	one disadvantage of debt	Summary sheet
7	the importance of saving money	Summary sheet
8	two reasons why it is important to keep financial records and track their spending	Summary sheet
9	the price differences between different shops	Summary sheet
10	their shopping habits	Summary sheet
11	how to look for cheaper utilities, eg mobile phone contract prices	Summary sheet
experienced
12	using a calculator to complete a budgeting exercise	Summary sheet
13	writing down a simple budget for the week.	Student completed work

All outcomes recorded on an AQA Summary Sheet

Approved 28 January 2022Level - Entry Level