01
Overview
Practical financial confidence for individuals and small enterprise: money mechanics, credit, tax and long-term planning. Explicitly designed for learners who were never taught to read a financial statement.
02
Aims of the Course
- Understand income, expenditure and cash flow
- Use credit and debt safely and cost-effectively
- Read basic business financial statements
- Plan and protect personal and household finances
03
Course Structure
01
Money Mechanics
- Income, expenditure and budgeting
- Banking and payment systems
- Inflation and interest
- Spending habits and control
02
Credit and Debt
- How credit scoring works
- Loan and card cost comparison
- Managing repayment difficulty
- Avoiding high-cost debt traps
03
Tax and Obligations
- Personal tax basics
- Self-employment reporting
- National insurance and contributions
- Record keeping that helps
04
Business Numbers
- Profit versus cash
- Reading a profit and loss account
- Simple balance sheet literacy
- Break-even calculation
05
Saving, Investment and Risk
- Building a reserve
- Savings products compared
- Investment risk and return without hype
- Insurance that matters
06
Planning Ahead
- Goals and timelines
- Pensions and later life
- Family and dependants
- A written personal money plan
04
Learning Outcomes
- 01Build and maintain a realistic household budget
- 02Compare credit products and calculate true cost
- 03Complete a self-employment income record
- 04Read a simple profit and loss account
- 05Produce a personal financial plan
05
Assessment
- Budget and cash flow workbook
- Credit cost comparison exercise
- Personal financial plan
06
Entry Requirements
- Open access
07
Progression and Careers
- Personal finance confidence for all roles
- Money advice support volunteer
- Small business owner