This resource helps teachers deliver the Financial Capability Unit Standard 28094 ‘Produce a balanced household budget and adjust the budget to reflect changing financial circumstances’ (Level 2, 3 Credits). Students will learn about how to produce a balanced budget and adjust the budget to reflect changing financial circumstances. You will learn about the different components of a budget and a range of different budget formats.
Financial Capability is a core generic domain on the New Zealand Qualifications Framework. This unit of work also has links to the Social Sciences and Mathematics and Statistics learning areas.
Click here for an Interactive Financial Capability US Matrix
Balancing your Budget: US 28094Download overview
Students taking part will
- Describe benefits of having a budget
- Understand financial priorities for different people
- Set SMART financial goals
- Complete a draft budget
- Monitor and adjust a budget
- Complete a practice assessment
For access to the marking guidelines and Student Assessment for this Unit Standard, please contact us via email at: firstname.lastname@example.org