2PFS

2PFS - Level 2 Personal Financial Skills

Course Description

Teacher in Charge: Ms G. Bloomfield.

This internally assessed course is designed to develop a money-smart person who is able to make informed judgements and effective decisions about the use and management of money including: earning income, budgeting, savings, spending, going flatting, financial planning and protection and tax.

Course Overview

Term 1
Tax and Income US 24695
Significant Purchase US 7127

Term 2
Legal implications of rental accommodation US 12354
Budgeting US 28094

Term 3
The effect of life events on personal income US 28092

Term 4
Insurance US 28096

Pathway

Assessment Information

All assessments are internally assessed. 3 of the unit standards offered offer the opportunity to gain Merit or Excellence.

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

Total Credits Available: 17
Internal Assessed Credits: 17
External Assessed Credits: 0
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 7127 v8
NZQA Info

Make an informed choice in deciding on a major goods or service purchase


Level: 3
Internal or External: Internal
Credits: 2
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 12354 v6
NZQA Info

Describe legal rights and responsibilities under tenancy law and means to prevent and resolve related problems


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 24695 v4
NZQA Info

Explain taxation and other deductions relating to personal income


Level: 2
Internal or External: Internal
Credits: 2
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28092 v4
NZQA Info

Explain the effect of significant life events on personal income at different life stages


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28094 v4
NZQA Info

Produce a household budget, set a financial goal and review and adjust the budget to achieve the goal


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28096 v4
NZQA Info

Explain insurance products as financial risk management strategies for personal finances


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 17
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0