Lifeskills Pocket Guide/Passport to Success - Money Management
- I know the value of coins and notes and how much change I should get back if I spend money.
- I understand the difference between needs and wants.
- I have a current or savings account.
- I know how to make withdrawals and make deposits using a cash machine.
- I know how to access bank statements and I understand the statement.
- I know how much money I have coming in each week and can budget my allowance to last for a week.
- I understand how I can save for irregular spending such as haircuts, clothes etc.
- I can use a calculator to add, subtract, divide and multiply.
- I know what bills I will be responsible for when living independently.
- I know how to set up a direct debit from my bank account.
- I know the difference between a credit and debit card.
- I know where to seek advice if I am struggling to manage my income.
- I know the importance of keeping my passwords and account details safe and what to do if I suspect I have been the victim of a fraud or scam.
- I know what tax and national insurance is and what it is used for.
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