Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSFLT202A Mapping and Delivery Guide
Develop and use a savings plan
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSFLT202A - Develop and use a savings plan |
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Description | This unit describes the performance outcomes, skills and knowledge required to develop and implement a savings plan to achieve identified goals, including identifying savings goals, understanding the role of the savings plan, the risk/return relationship and how to determine appropriate savings vehicles to maximise savings.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit has wide application and may be used in workplaces, schools, adult and community learning organisations or registered training organisations in order to build the financial literacy of learners. The unit may also be used as part of pre-vocational or new apprenticeship programs or as part of services provided by counselling or advisory organisations. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Discuss the place of saving and investing today |
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Element: Understand risk as it relates to saving and investing |
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Element: Develop your own savings plan |
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Element: Implement your own savings plan |
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