Budgeting

Unit Code: HD4E2CY018
Level: Entry Two
Credit Value: 1
Unit ID: BZY643
learndirect: HD4
Sector: 14.1 Foundations for Learning and Life
Last registration date: 31/07/2016


LEARNING OUTCOMES ASSESSMENT CRITERIA Method Assessor Evidence Date Signature
The learner will: The learner can: Assessment method Who will assess? Evidence which will be available for verification Date achieved  
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
  • NE2.1: Understand numerical data
  • NE2.3: Interpret results and present findings
  • NE1.2: Carry out calculations
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.

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