Personal Money Management
Personal Money Management aims to help learners prepare for the real world by promoting financial literacy. It focuses on the effective management of personal finances and is particularly relevant for young people earning money for the first time, leaving home or planning for future financial needs.
Learners will develop the knowledge and skills required to manage their personal money and anticipate their future needs and wants.
It will help learners understand the importance of shopping around when buying financial products and services
- It will show learners how to plan their finances and regularly review the strategies they use to manage their money
- It will demonstrate to learners the differences between short, medium and long-term planning and saving
In studying for this qualification learners will develop a range of skills that will assist them in further study and increase their options for employment