3FSL

Level 3 Financial Skills for Life

Course Description

This course will help each student to become a financially capable person who is able to make informed judgements and effective decisions regarding their personal use and management of money. The course is based on the Level 3 Financial Capability unit standards. Financial Skills for Life will help prepare students for their future working/studying life next year.

Learning Opportunities

In this course you will need to:

Develop these skills:Explore this content:
  • Resource management and technology - use financial websites to develop financial capabilities ie Financial literacy and numeracy. 
  • Manage income, spending and saving eg prepare budgets, set goals. Understand the implications of earning an income eg PAYE tax, kiwisaver, saving.
  • Information use and critical thinking - gather targeted information from reliable sources to make informed decisions.
  • Assess the financing options when buying a property.
  • Critical thinking- use pros/ cons strategic thinking for problem solving.
  • Analyse credit options,set goals including long term financial planning.
  • Interpersonal skills- use research, negotiation, communication, problem solving and working together in group collaboration.
  • Analyse the impact(s) on finances of  local, national and global external factors. 


  • Accessing government services on financial websites, use digital tools and use spreadsheets.

Resources Required

1 Folder
1 A4 Lined refill pad

Credit Information

Total Credits Available: 21 credits.
Internally Assessed Credits: 21 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 12354 v5
NZQA Info
Describe legal implications of living in rented accommodation 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. 28098 v4
NZQA Info
Evaluate options to increase personal income
Level: 3
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28099 v3
NZQA Info
Evaluate credit options and select debt management strategies to manage personal finances
Level: 3
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28100 v4
NZQA Info
Develop a plan to show how a budget contributes to achieving a long-term personal financial goal
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28103 v3
NZQA Info
Analyse and select personal financing options for purchasing a property
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28104 v3
NZQA Info
Analyse external risk factors and select strategies to manage their impact on personal finances
Level: 3
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 21
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0