Personal Finance

VTCT Level 1 Award in Understanding Personal Finance

Course Summary

The VTCT Level 1 Award in Understanding Personal Finance will develop learners understanding of income and expenditure. Learners will be equipped with the knowledge required to balance income and reduce expenditure when required, they will also learn about products provided by banks and building societies and understand the issues surrounding the borrowing of money.

Areas which may be covered during the course:

  • Understand sources of income and expenditure

  • Understand the need to balance income and expenditure

  • Know how to reduce expenditure

  • Understand some of the products provided by banks and building societies

  • Understand the advantages and disadvantages of borrowing money

Progression

On completion of this qualification learners may choose to undertake further study; qualifications to include:

  • VTCT Level 2 Award in Understanding Personal Finance