Unit Award Scheme

120762 PERSONAL FINANCE: PAYMENT, EXPENSES AND SAVING

In successfully completing this unit, the Learner will have		Evidence needed
demonstrated the ability to
1	identify three different methods of payment	Summary sheet and/or student completed work
2	know the average cost of at least three lifestyle expenses, eg a family holiday, mobile phone	Summary sheet and/or student completed work
3	rank the cost of five given lifestyle expenses in ascending order	Summary sheet and/or student completed work
4	consider the difference in expenses for at least two different age groups, eg teen, adult	Summary sheet and/or student completed work
5	identify two reasons for saving money	Summary sheet and/or student completed work
6	identify the main differences between a current account and a savings account	Summary sheet and/or student completed work
7	complete an application form to open a bank or savings account.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 27 March 2024Level - Entry Level