Creating a budget
Challenge reference: 5200
| Notional learning hours | 10 | ||
|---|---|---|---|
| Level | Entry 3 | ||
| Subject area | |||
| Preparing for Adulthood pathway | |||
| Skill | |||
| Learning aim | The learner will create a budget to manage their own money. |
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| Learning context | Please log in to see the rest of this challenge |
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Learning outcomes
What the learner needs to know, understand or be able to do
The learner will:
Be able to identify income and expenditure.
Be able to describe ways to stay within a budget.
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Assessment criteria
What the learner need to demonstrate in order to meet the learning outcome
The learner can:
- State what income is
- List expected income for one week
- State what expenditure is
- List expected expenditure over one week
- Identify expenditure where spending can be reduced
- Give examples of how spending can be reduced
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