90156

PURCHASING USING A SIMPLE FINANCIAL BUDGET

Level: Entry Level

In successfully completing this unit, the learner will haveEvidence needed

demonstrated the ability to

1. recall pertinent cost information for a range of goods, given at the start of practice budgeting activities

Summary sheet

2. recognise the relative value of British coins and/or notes currently in circulation in terms of 'worth more' and 'worth less'

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shown knowledge of

3. the fact that different things have different prices

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4. the fact that not all choices can be purchased with money available

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5. the existence of economy brands and the comparative cost of similar well known brand names

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experienced

6. visiting a local shop and selecting items to purchase using a given amount of money

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7. taking part in a group discussion on a simple budgeting problem

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8. exploring in a small group, a relevant internet site, eg Tesco, Sainsbury, to compare prices of similar items.

Summary sheet

Approved 10 Jun 2003

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