Budgeting my bills

Challenge reference: 4799

Notional learning hours  20
Level Entry 2
Subject area
Preparing for Adulthood pathway
Learning aim

The learner will be able to explain the concept of budgeting and be able to apply their knowledge and understanding to use in new situations.

Learning context

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Learning outcomes

What the learner needs to know, understand or be able to do

The learner will:

  1. Be able to identify what is budgeting.

  2. Be able to show an awareness of monthly household bills.

Assessment criteria

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