Part Time Qualifications - Managing Personal Finance Award L1

This Level 1 Award in Managing Personal Finance is designed to help you develop the essential knowledge and confidence to manage your money effectively. This qualification introduces key financial concepts, everyday budgeting skills, and an understanding of the financial products and services that support personal independence.

By the end of the course, you should be able to:

• Understand sources of income and expenditure
• Understand the need to balance income and spending
• Know how to reduce spending
• Understand more of the products provided by banks and building societies
• Understand the advantages and disadvantages of borrowing money