Personal Finance

KS3 Personal Finance

Level 1 Financial Education Award (LiFA)

This award runs via an e-learning programme supported by teachers in its delivery.  The course has been developed so that young people are confident and competent in financial experiences.  This award offers young people a good basic understanding of money and finance.

This qualification provides our YP with the opportunity to continue studying within Finance and Business related qualifications.  It will also help prepare our students understanding and skills for most job roles, particularly in the finance sector.

Learning Outcomes

  • To understand the principles of money
  • To understand how to manage money
  • To understand the ways of keeping money safe

Key Skills

  • Develop an understanding of the key content areas and how they relate to each other
  • Use appropriate tools to manage a personal budget
  • Make informed financial decisions
  • Demonstrate numeracy skills, including the ability to manipulate financial and other numerical data (such as calculating the costs of borrowing and spending)
  • Communicate basic financial concepts
  • Increase your ability to learn independently