Basic money management and budgeting
Challenge reference: 9552
Active
Notional learning hours
10
Level
WTE1
Subject area
Preparing for Adulthood pathway
Vocational area
Skills
Learning aim
The learner will develop an understanding of the role of money in everyday life, enabling them to recognise items that require payment, make simple financial decisions, and begin to manage a basic budget through supported activities and real-life scenarios.
Learning context
... sign in to view the entire challenge description
Learning outcomes
(What the learner needs to know, understand or be able to do)
The learner will:
-
1
. Understand the purpose of money and how it is used in everyday life. -
2
. Recognise items that require payment in real or simulated shopping environments.
... sign in to view the entire challenge description
Assessment criteria
(What the learner need to demonstrate in order to meet the learning outcome)
The learner can:
- Explain in simple terms what money is used for (e.g. 'We use money to buy food or clothes')
- Participate in a group discussion about what money is used for, drawing pictures of items that require money (e.g. food, clothes, toys)
- Roleplay a shopping scenario
- Select at least three items in a shop or role-play scenario that require payment, and identify their prices using price tags or labels
- Choose three items and read the price tags aloud
- Match items to their prices using flashcards or a worksheet
- Use a shopping list to find and price items in a classroom shop setup
... sign in to view the entire challenge description
Assessment methodology
Assessment methodology
Linked to learning outcome
Observation checklist
1
2
... sign in to view the entire challenge description