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Advanced Award: Money Matters

This course is a practical and creative program aimed at teaching financial literacy and money management skills. You will explore ways to save and spend money; gain an understanding of banking terms and security; and engage in hands-on activities such as creating a mood board and a paper Mache piggy bank. It also includes group discussions about spending habits, needs versus wants, and borrowing money, helping individuals cultivate thoughtful financial practices.

Course information

Duration:

  • 40 hours
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What skills will I learn?

  • Money Management: Techniques for saving, budgeting, and understanding spending habits.
  • Banking Knowledge: Familiarity with terms like interest, debit, credit, and direct debit; and the process of opening and managing bank accounts.
  • Borrowing Awareness: Understanding loans, interest rates, and evaluating borrowing options.
  • Critical Thinking: Differentiating between needs and wants to make mindful financial decisions.

What will I study?

Saving and Spending:
  • Explore effective ways to save and spend money.
  • Understand personal spending habits and identify helpful and unhelpful money habits.

Banking Basics:
  • Learn about types of accounts (Current vs. Savings) and their features.
  • Understand terms like interest rates, overdrafts, direct debits, and digital banking options.

Borrowing and Debt:
  • Discuss borrowing money for big purchases, with insights into advantages, disadvantages, and interest payments.
  • Understand the risks and benefits of credit facilities, loans, and payday loans.

Needs vs. Wants:
  • Differentiate between essential expenses and personal desires to improve financial decision-making.

Application Information