All through your life you will be learning skills at a pace that is right for you. It can be important for you to learn how to spend, save and budget. Once you start having to pay bills and manage your finances it can be tricky! Many of the banks and other services have information about money and budgeting which will inform you and help to build your confidence and skills. A budget will help you to understand that you can’t have everything you want all at once! Once you learn how to budget, it will help you not to fall into debt.
The knowledge and skills you may develop are:
- Identify and recognise the value of coins and notes
- Use technology and the internet for money management
- Learn how to budget
- Know about my benefits
- Support to plan and manage my time
- Know what organisations are there to help and provide further support.