NCFE Level 1 Managing Your Money: Building Financial Awareness

NCFE Level 1 Award in Managing Your Money


This qualification is suitable for learners aged pre-16 and above and is an ideal qualification to provide learners with the knowledge and skills to manage personal finance beneficially and to anticipate future needs and wants.

  • NCFE Qualifications
  • PQ 2022
  • PQ 2023
  • PQ 2024
  • PQ

Support Materials

Qualification Specification

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Qualification Handbook

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Unit Breakdown

  • Understand Personal Finance (D/506/2850)
  • Making the Most of Personal Finances (R/506/2859)

FAQs

This qualification will introduce you to the basics of personal finance. You'll learn about different financial products and services, such as savings accounts and loans. You'll also gain knowledge about saving and borrowing money and how to make informed decisions about your finances.

The course will likely cover topics such as understanding different ways to save money, the basics of borrowing money, identifying different financial products and services available, and the importance of making informed choices when dealing with money.

This qualification is designed for anyone who wants to improve their understanding of personal finance. It's suitable for young people and adults who are looking to gain confidence in managing their money and making financial decisions. No prior knowledge of finance is necessary.

Assessment for this award typically involves completing two mandatory units: "Understand personal finance" and "Making the most of personal finances." Assessment methods can vary but may include completing worksheets, short answer questions, or practical tasks that demonstrate your understanding of the topics covered. Grades are usually not awarded; you will achieve a pass if you meet the assessment criteria.


Level 1 Award in Managing Your Money

This course includes:
  • Creative Activities, Lectures and more
  • Masters level Course Content with Hands-on Training
  • Multiple Projects to test your skills upon
  • Join the leading Industry with over 20 billion Pounds of investment
  • Online Practical Training
  • Flexible Payment Structure
  • CV Support

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