Code: 2.1.2 · Adults
Knows what a budget is, how to create one and why it is beneficial to do so
Aware of reliable budgeting tools developed by impartial providers, including mobile apps and other digital budgeting tools and services
Understands why it is important to take into account the medium and longer-term perspectives when budgeting
Identifies “needs” and “wants” and prioritizes as necessary
Creates a regular budget to plan income, saving and expenditure, using appropriate tools if available
Regularly uses reliable budgeting tools, including mobile apps or other digital tools, developed by impartial providers.
Motivated to take time to create and follow a budget as a strategy for maintaining or increasing financial well-being
Motivated to consider the overall budget when making spending decisions
Motivated to look beyond immediate needs and wants when budgeting to prepare for longer-term requirements
Confident to adjust a budget if necessary