Candidates should understand the benefits of financial planning and budgeting, including debt management. The timings of such planning should be linked to changes in the personal lifecycle. (grade C - B)
Average UK student debts 'could hit £53,000'
Average debts may reach £53,000 for UK students starting in 2012 - double the figure for 2011 - an annual survey suggests.
The Push university guide said average annual debts had risen 6.4% in the past year - more than inflation - to £5,680.
Researchers interviewed 2,800 students and based the projection on an average course length of 3.4 years.
Tuition fees in England will rise in 2012, but ministers say students should not be put off for financial reasons.
UK life costs 'at least £13,400'
A single person in Britain needs to earn at least £13,400 a year before tax for a minimum standard of living, the Joseph Rowntree Foundation (JRF) says.
A couple with two children need to spend £370 a week and a pensioner couple need £201 excluding housing and childcare costs, the charity says.
Film tickets, a bottle of wine and a bird feeder were on the list of goods people need to participate in society.
According to the report, which took two years to put together, the spending power needed to pay for a basic but socially acceptable standard of living was higher than the official government calculated poverty line.
Based on your expected personal finances once you have left school, design and produce an annotated personal budget that includes the following elements:
I'd like you to produce your own video presentation providing advice on financial planning and budgeting, as well as the benefits of it.
The video should conclude with "what happens if you do not make effective financial plans?"
> Debt management
> Debt management plan