Unit Award Scheme

116915 PREPARATION FOR ADULTHOOD: MONEY AWARENESS

In successfully completing this unit, the Learner will have		Evidence needed
shown knowledge of
1	three techniques for saving money	Summary sheet and/or student completed work
2	the difference between essential and non-essential spending, and how personal choice influences the balancing of needs and wants	Summary sheet and/or student completed work
3	the meaning of the words 'budget' and 'credit'	Summary sheet and/or student completed work
4	three potential consequences of keeping a budget	Summary sheet and/or student completed work
5	where the local bank or building society is	Summary sheet and/or student completed work
6	where to get help and advice on money matters	Summary sheet and/or student completed work
7	the main costs of everyday living, including items that people buy regularly and two examples of one off items	Summary sheet and/or student completed work
8	what buying on credit means	Summary sheet
9	what debt is, how to manage it and two consequences of not paying bills	Summary sheet
10	how shopping carefully can save money	Summary sheet
11	where money comes from and what factors influence our spending	Summary sheet
demonstrated the ability to
12	identify at least one short term and one long term financial dream	Summary sheet
13	give one piece of advice on how to manage personal cash in order to achieve a personal goal	Summary sheet
14	identify that everyone has different values and ideas when it comes to money.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 14 April 2022Level - Level One