Code: 2.3.1 · Adults
Saving goals and priorities
Descriptors
Knowledge
What you can do at this level
- Kresiliencedaily-lifelarge-majority
Understands the benefits of saving, of having savings goals and a plan to achieve them
- Kresiliencedaily-lifelarge-majority
Understands the benefits of starting to save from a young age and saving regularly
- Kresiliencedaily-lifelarge-majority
Understands the concept of treating personal saving as a financial commitment, sometimes described as “pay yourself first”
Skill
What you can do at this level
- Sresiliencedaily-lifelarge-majority
Identifies a specific savings goal with a time frame and an approach to achieve it
- Sresiliencedaily-lifelarge-majority
Strives to save each time income is received
- Sresiliencedaily-lifelarge-majority
Prioritises saving ahead of some forms of discretionary spending
Attitude
What you can do at this level
- Adaily-lifelarge-majority
Confident to set own savings targets based on realistic aspirations and believes it is possible to reach those saving targets
- Aresiliencedaily-lifelarge-majority
Sees saving as a basic component of a household budget
- 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.