What the learner needs to know, understand or be able to do
The learner will:
Be able to identify what is budgeting.
Be able to show an awareness of monthly household bills.
What the learner need to demonstrate in order to meet the learning outcome
The learner can:
- State what a budget is
- Create a simple budget for one week
- Identify regular household bills
- Produce a monthly budget for a household; including regular bills as well as food and transport costs
- Identify savings that can be made