Monitoring and managing regular income and expenses

Understands the need to prioritise certain expenses especially when income is limited

• age:6-10

Considers different spending options for pocket money, gifts and other income

• age:6-10

Distinguishes between regular and irregular income, and between expected and unexpected expenses

• age:11-15

Monitors and actively manages income and expenses

• age:11-15

Differentiates between personal and family/household finances

• age:11-15

Considers that family, community and socio-cultural aspects often play a role in drawing up a budget and managing money, including for charity purposes

• age:11-15
• citizenship

Manages personal, household and business finances separately when applicable

• age:16-18
• entrepreneurship

Pays bills and complies with other financial obligations on time to avoid late payment penalties and other negative consequences

• age:16-18

Confident in planning and monitoring one’s own expenses taking into account expected and actual income

• age:16-18