Unit Award Scheme

121382 BASIC FINANCIAL MANAGEMENT (UNIT 8): BUDGETING TECHNIQUES

In successfully completing this unit, the Learner will have		Evidence needed
shown knowledge of
1	the 50 30 20 rule, ie 50% of income is used for needs, 30% is used for wants, 20% is used for savings	Summary sheet
2	one advantage and one disadvantage of using credit	Summary sheet
3	at least one reason why building an emergency fund is important	Summary sheet
4	at least two reasons why people pay bills on time.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 27 June 2024Level - Pre-Entry Level