Code: 2.2.2 · Adults
Understands that different life stages and particular personal or household events may affect income and expenditure
Understands the importance of actively planning for occasional irregular expenses
Understands the possible options for paying unexpected expenses
Knows how much money would be needed to cover expenses in the event of a loss of income
Seeks ways of adjusting income or expenditure as necessary, taking into account irregular expenses and possible income fluctuations
Can identify and choose the best option for paying unexpected expenses
Makes informed decisions about the use of exceptional income and assets received such as gifts, prizes or inheritance