Managing your Money: US 24709

This resource helps teachers deliver the Financial Capability Unit Standard 24709 ‘Produce a balanced budget to manage personal finances’ (Level 1, 3 Credits). Students will learn about producing a balanced budget to manage personal finances. You will learn about a range of budgeting terms and the workbook will take you through various budget formats and the steps necessary to develop a written budget. The significance of goals and priorities for individuals when creating a budget are also outlined.


Curriculum links

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

Managing your Money: US 24709

  • Year 11-13
  • 25-30 hrs
  • Mathematics and Statistics
    Social Sciences
    Level 1 Financial Capability Unit Standard
  • Free to NZ schools
  • Led by teachers
    Training Available
Download overview

Students taking part will

  • Learn about ways to keep and monitor a budget 
  • Explain the difference between income and budget 
  • Understand and use budgeting terms 
  • Distinguish between fixed and variable payments 
  • Understand needs versus wants 
  • Work with budget formats 
  • Convert all income and expenses to weekly amounts 
  • Using online tools to prepare budgets 
  • Monitor a budget 
  • Practice tasks for producing a balanced 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: support@youngenterprise.org.nz 

Download includes:

  • Activity: 24709 Interactive Student Workbook