Personal Finance Level 2 Certificate at Woodroffe School
The Level 2 Certificate in Personal Finance has been designed for students who are, or who will shortly be, reaching a life stage when they no longer depend on others for their financial provision. Students will gain knowledge about the practical and legal constraints on the sources and uses of money, the methods of organising their money through personal budgeting, the considered use of appropriate bank and building society accounts and the concepts and consequences of overspending or payment default.
Unit 1 - Personal Finance Encounters: The aim of Unit 1 is to increase learners’ understanding of everyday financial encounters, enabling them to make informed decisions about their finances. Learners will develop a practical understanding of using bank accounts and it will enable them to calculate the true cost of spending and foreign exchange.
Unit 2 - Money Management Solutions: The aim of Unit 2 is to develop students’ understanding of the banking systems available to them. This will enable them to make informed choices about their bank accounts and spending decisions.
Unit 3 - Personal Finance Management: The aim of Unit 3 is to increase students’ understanding of personal finance, taking into account affordability, choice and protection.
All three units can be assessed either by a paper-based exam or via the ifs e-test™ electronic testing system. Passes must be achieved in all units to gain the qualification. Exams are all on demand and the pass mark is 50% for each unit. The qualification is graded A* - C
How to apply
If you want to apply for this course, you will need to contact Woodroffe School directly.