Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSFLT201 Mapping and Delivery Guide
Develop and use a personal budget
Version 1.0
Issue Date: July 2024
Qualification | - |
Unit of Competency | FNSFLT201 - Develop and use a personal budget |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to develop, implement and monitor a personal savings budget. It has wide application and may be used in workplaces, schools, adult and community learning organisations or registered training organisations to build the financial literacy of learners. The unit may also be used as part of pre-vocational or new apprenticeship programs, or as part of services provided by counselling or advisory organisations.It applies to individuals who use new ideas and techniques to develop personal financial literacy skills.No licensing, legislative or certification requirements apply to this unit at the time of publication. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Identify and discuss budgeting as a financial tool |
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Element: Prepare to develop a personal budget |
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Element: Develop a personal budget |
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Element: Implement and monitor the personal budget |
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