Unit Award Scheme

116647 MANAGING MONEY AS AN ADULT

In successfully completing this unit, the Learner will have		Evidence needed
demonstrated the ability to
1	identify at least three priority household expenses	Student completed work
shown knowledge of
2	the main differences between credit cards and debit cards	Summary sheet
3	three examples of the information found on a bank card	Summary sheet
4	at least two different electronic payment methods, eg contactless, ApplePay, GooglePay and PayPal	Summary sheet
5	two advantages and two disadvantages of buying things online	Summary sheet
6	two different types of bank account available	Summary sheet
7	what to consider when opening an account, including fees	Summary sheet
8	how to read bank statements	Summary sheet
9	why it is important to check statements regularly and keep this information safe	Summary sheet
10	three methods for accessing a bank account	Summary sheet
11	two consequences of not paying bills	Summary sheet
12	how to start managing debt.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 28 January 2022Level - Entry Level