UNIT TITLE: Introduction to Personal Budgeting and Money Management LEVEL: Entry 3 CREDIT VALUE: 3 GLH: 30 NOCN UNIT CODE: HE1/E3/QQ/003 ACCREDITED UNIT NO: M/500/5505 Mapped to the Adult Literacy Core Curriculum and the Adult Numeracy Core Curriculum, 2001. This unit has 8 learning outcomes. LEARNING OUTCOMES ASSESSMENT CRITERIA The learner will: The learner can: 1.
Understand what is meant by income and expenditure. (SLc/E3.3) 1.1. Give examples of income.
1.2. Give examples of expenditure. 2.
Keep a personal record of personal income and expenditure. (N1/E3.1; MSS1/E3.1) (Ww/E3.3) 2.1. Use a simple given format to record weekly income and expenditure.
3. Recognise the problems of coping on a limited budget. (SLc/E3.3) 3.1.
State some of the problems of coping on a limited budget. 3.2. Identify large items of expenditure during a year.
4. Understand the term cvalue for money d. (SLc/E3.3) 4.1.
Outline what is meant by cvalue for money d using an example. 5. Complete a cheque and Postal Order.
(Ww/E3.3) (N1/E3.1) 5.1. Correctly complete a cheque and Postal Order. 6.
Recognise the key information on a receipt and pay slip. (N1/E3.1) (Rw/E3.1, 3.2) 6.1. Identify key items recorded on a receipt and pay slip.
7. Understand what saving means. (SLc/E3.3) 7.1.
State what saving means. 7.2. Give two examples ... more. less.
of saving schemes.<br><br> 8. Produce a simple budget plan. (Ww/E3.3) (MSS1/E3.1) 8.1.<br><br> Produce a simple and realistic personal budget plan for the future. 8.2. Keep a simple and accurate record of personal spending.<br><br> 8.3. Give an example of a credit card and a charge card. NOCN 2006 UNIT TITLE: Introduction to Personal Budgeting and Money Management LEVEL: Entry 3 CREDIT VALUE: 3 GLH: 30 NOCN UNIT CODE: HE1/E3/QQ/003 ACCREDITED UNIT NO: M/500/5505 ASSESSMENT INFORMATION Guidance: This grid gives details of the assessment activities to be used with the unit attached.<br><br> Please refer to the NOCN Centre Handbook for definitions of each activity and the expectations for assessment practice and evidence for moderation. The assessment activities for this unit are indicated in the table below: Key: P = Prescribed 3 this assessment method must be used to assess the unit. O = Optional 3 this assessment method could be used to assess the unit.<br><br> Case study Project Written question & answer/test/exam O Role play/simulation Essay Practical demonstration P Report Group discussion O Oral question and answer O Performance/exhibition Written description O Production of artefact Reflective log / diary Practice file Signposting Key Skills This unit offers clear opportunities for learners to provide evidence of achievement in Key Skills achievement in the following skill area/s: Key Skill Wider Key Skill Communication Working with others Information Technology Problem solving Application of Number Improving Own Learning and Performance