Unit Award Scheme

120719 HOUSEHOLD BUDGETING (UNIT 5)

In successfully completing this unit, the Learner will have		Evidence needed
demonstrated the ability to
1	participate in a group discussion about the importance of budgeting	Summary sheet
2	use a spreadsheet to list all the potential income and expenditure for a young person living independently within a given scenario	Summary sheet
3	calculate the amount of disposable income available after all bills have been paid, within a given scenario	Summary sheet
shown knowledge of
4	at least four bills they would have to pay if they were living independently	Summary sheet and/or student completed work
5	at least two different methods of payment	Summary sheet and/or student completed work
6	at least two consequences of debt	Summary sheet and/or student completed work
7	what the term disposable income means and how they can budget accordingly.	Summary sheet and/or student completed work

All outcomes recorded on an AQA Summary Sheet

Approved 5 April 2024Level - Level One