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Budgeting

Unit Code: HD4E2CY018
Level: Entry Two
Credit Value: 1
Unit ID: BZY643
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.	Know about essential and non-essential spending.

1.1	State which, out of a number of personal purchases, were essential.
1.2	Organise a number of personal purchases (for example four, from within the last week) in order of priority.

2.	Understand the key features of a budget sheet.

2.1	Locate specific information on a completed budget sheet.
2.2	Add personal information on a budget sheet.

3.	Know how to organise a list of needs and wants in order of priority.

3.1

Prioritise a list of needs and wants, giving reasons for the order of priority.

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:

CE2.1: Speaking and Listening
CE2.2: Reading
CE2.3: Writing
NE1.2: Carry out calculations
NE2.1: Understand numerical data
NE2.3: Interpret results and present findings

Other Mappings:
Core Curriculum - Slc/E2.1-4, Rw/E2.1-5, Ws/E2.1-4, Ww/E2.1-3
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.