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.
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 detailed Teaching Guide and Student Assessment for this Unit Standard, please contact us via email at: firstname.lastname@example.org