Unit Award Scheme

116864 MANAGING MONEY (UNIT 4)

In successfully completing this unit, the Learner will have		Evidence needed
demonstrated the ability to
1	give three reasons why it is important to manage their money	Summary sheet
2	define the word 'budget'	Summary sheet and/or student completed work
3	identify three sources of income	Summary sheet and/or student completed work
4	identify six examples of common expenditure	Summary sheet and/or student completed work
experienced
5	explaining with examples the difference between needs and wants	Summary sheet
6	prioritising a personal list of needs and wants	Summary sheet
7	identifying and explaining four ways to save money when shopping	Summary sheet
8	identifying and explaining four ways to save money in the home.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 16 March 2022Level - Entry Level