MyMoneyforLife


OUTCOMES AND STANDARDS

After completing the four modules of this course, participants will be able to:

  • explain why it is important to manage their own money
  • analyse the differences between real needs and unnecessary wants
  • set financial goals for themselves and their families
  • draw up a personal/family budget
  • manage this budget in order to save and generate extra income

MyMoneyforLife is aligned to SAQA Unit Standard 15092—Plan and manage personal finances. This unit standard is incorporated into a number of NQF level 1 qualifications as part of either the core or fundamental components. It is also included as an elective unit standard in a number of level 2 qualifications. These qualifications fall into the scope of a number of SETAs including Merseta, Foodbev, AgriSETA, Health and Welfare, as well as Clothing, Textile (CTFL).

Foundational Mathematical Literacy

MyMoneyforLife can be used to support elements of the mathematical literacy curriculum for foundational learning which is to be introduced by the QCTO.  The mathematical literacy curriculum will require learners to engage with personal finance issues, including, but not limited to:

  • organising and interpreting personal financial information
  • planning and monitoring personal finances
  • making decisions about affordability and personal needs