Kings / Princes Trust booklet for money management.

Tracking sheet included with accordance to the Spec for kings trust… including
1.1 Give examples of financial services provided by different banks or building societies
1.2 Give examples of advantages of saving money
1.3 Give examples of advantages of borrowing money
1.4 Give examples of disadvantages of borrowing money
2. Understand money matters in the world of work
2.1 Give examples of different ways to be paid for work
2.2 Explain the difference between the national minimum wage and national living wage
2.3 Explain the reasons for different types of deductions from earnings
3. Understand the importance of own money management
3.1 Complete a monthly household budget showing income and expenditure
3.2 Give examples, with costs, of personal needs and wants
3.3 Give examples of how someone’s financial situation may impact on their wellbeing
3.4 Give advantages of at least two different payment methods
3.5 Give disadvantages of at least two different payment methods
3.6 Give examples of organisations that provide help and advice on money management
3.7 Describe ways to protect yourself from fraud