Code: 2.2.1 · Children and youth
Monitoring and managing regular income and expenses
Descriptors
Knowledge
What you can do at this level
- Kage:6-10
Understands the need to prioritise certain expenses especially when income is limited
Skill
What you can do at this level
- Sage:6-10
Considers different spending options for pocket money, gifts and other income
- Sage:11-15
Distinguishes between regular and irregular income, and between expected and unexpected expenses
- Sage:11-15
Monitors and actively manages income and expenses
- Sage:11-15
Differentiates between personal and family/household finances
- Sage:11-15citizenship
Considers that family, community and socio-cultural aspects often play a role in drawing up a budget and managing money, including for charity purposes
- Sage:16-18entrepreneurship
Manages personal, household and business finances separately when applicable
- Sage:16-18
Pays bills and complies with other financial obligations on time to avoid late payment penalties and other negative consequences
Attitude
What you can do at this level
- Aage:16-18
Confident in planning and monitoring one’s own expenses taking into account expected and actual income
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.
- A — How you approach things: values, dispositions and behaviours.