Code: 2.8.2 · Adults
Debt accrued from late payments
Descriptors
Knowledge
What you can do at this level
- Kresiliencedaily-lifelarge-majority
Understands that debts can accrue from unpaid bills as well as from the use of credit
- Kresiliencedaily-lifelarge-majority
Understands that there is usually an additional cost incurred for late payment of bills and credit
Skill
What you can do at this level
- Sresiliencedaily-lifelarge-majority
Prioritises bills and credit repayments over discretionary spending
- Sresiliencedaily-lifelarge-majority
Takes steps to avoid falling behind with payments even if circumstances change
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.