Understand and compare the advantages and disadvantages of different forms of payment including standing orders, direct debits.
e.g. Consider what forms of payment are possible and appropriate for household utility bills, weekly shopping, and mortgage.
401

Increased understanding of credit and debts including overdrafts, loan arrangements and ways to compare interest rates.
e.g. Research internet best deals with high street loans and overdrafts. How can annual percentage rate (APR) and annual equivalent rate (AER) be used to compare the different rates?
402

Understand the financial skills needed to be self employed.
e.g. Understanding getting started, cashflow, overheads, resources needed, taxation, National Insurance, insurance.
450

Understand the impact of technology on enterprise and employability.
e.g. What is the range of technology now available: on-line banking and financial services, financial software, website financial and employment advice and information, home and business access for employers and employees?
451

Demonstrate an understanding of personal financial statements, including bank statements, credit card statements and other bills.
e.g. Collect and interpret a range of bills and statements. In what way would you change them to make them easier to understand?
408

Demonstrate the ability to use technology to access information to aid financial planning and management, services both for personal and business use.
e.g. Use the internet to research what support and services are available.
460

Demonstrate the ability to use technology to record financial information for personal and business purposes.
e.g. Demonstrate the use of appropriate software to record, update and retrieve financial information.
461

Develop the ability to put a personal value on differing needs and wants and to prioritise these within the constraints of limited money.
e.g. Holidays, football and other sports, a night out with friends, clothes, saving your money, research the cost of food locally. Investigate how to balance eating healthily and eating food you like within a limited budget.
417

Develop an understanding of the risks involved in setting up your own business.
e.g. Through use of case studies and national statistics analyse the impact on people’s lives of successful and unsuccessful business start up.
469