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Budgeting

Unit Code: HD4E1CY014
Level: Entry One
Credit Value: 1
Unit ID: BZY642
learndirect: HD4
Sector: 14.1
Last registration date: 31/07/2016

This unit is a member of one or more groups of related units.

Learning Outcomes

Assessment Criteria

The learner will

The learner can

1.	Understand what is meant by essential items.

1.1	Contribute to a group activity based on which things in life are essential and which are not.
1.2	Give an example of an essential item.

2.	Understand planning ahead as part of managing money.

2.1	Give two examples of items that someone might save up for.
2.2	State a risk of making financial decisions without planning ahead.

3.	Understand the difference between needs and wants.

3.1	Contribute to a group activity based on the differences between needing things and wanting things.
3.2	Give two examples of things that people need to buy on a regular basis.

Assessment Methods:

Case study
Written question & answer/test/exam
Oral question and answer
Role play/simulation
Group discussion

Further assessment guidance is available here.

Assessment Information:
There is no specific assessment information to be used with this unit.

Essential Skills Wales:

NE1.2: Carry out calculations

Other Mappings:
Core Curriculum - Sllr/E1.1-4; Slc/E1.1-4; Sld/E1.1, Wt/E1.1; Ws/E1.1-3; Ww/E1.1-3
Financial Capability - (B(c)1), (B(e)5), (B(g)1)

Assessor Requirements:
There is no information regarding specific assessor requirements for this unit. Centres should select assessors who are trained in assessment, and who have subject specific competence to assess at this level.