Level 2 Personal Financial Management
Course Description
Teacher in Charge: Mr L. Goh.
Personal Financial Management explores the themes of: managing money and income, setting financial goals, and managing financial risk, at Level 7 of the Financial Capabilities Framework. Successful students will be able to: compare different ways of making payments, describe the consequences of good and bad debt decisions, explain interest payments and investment options, and make informed decisions about personal income and wealth.
This course uses Unit Standards for assessment. Students can gain grades of Achieved, Achieved with Merit and Achieved with Excellence that can contribute to their Level 2 NCEA Certificate endorsement. It is currently not possible to gain a subject endorsement in Personal Financial Management as it is fully internally assessed.
The standards offered in this course may be altered at the discretion of the Head of Department.
Recommended Prior Learning
Pathway
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
External
NZQA Info
Explain the effect of significant life events on personal income at different life stages
NZQA Info
Describe tertiary study funding options and potential financial consequences for future choices and responsibilities
NZQA Info
Produce a household budget, set a financial goal and review and adjust the budget to achieve the goal
NZQA Info
Explain personal financial savings and investment options
NZQA Info
Explain insurance products as financial risk management strategies for personal finances
NZQA Info
Explain and select banking products and services in relation to personal finances
Disclaimer
Courses will only run based on minimum entries
Selecting a course does not guarantee entry into this course
You may apply for an exemption if you do not meet the prerequisites of a course or if the course requires this for entry
Standards offered can be altered at the discretion of the HOF or HOD of the Department
Some standards in NCEA courses might be optional depending on student strengths