Develop and use a savings plan

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSFLT202A, 'Develop and use a savings plan'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Develop and use a savings plan' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Discuss the place of saving and investing today

1.1. The impact of increasingly high cost of living in western society is discussed using examples from the domestic environment

1.2. Increasing levels of consumer debt in Australia are discussed with reference to relevant current issues

1.3. The importance of setting financial goals and developing a saving and investment plan at different stages of an individual's life is analysed and discussed

1.4. Different attitudes to savings and investment are analysed and discussed and the individual's own spending habits are explored

2. Understand risk as it relates to saving and investing

2.1. The concept of risk and risk versus return is explained and demonstrated

2.2. An individual's risk profile is determined based on current and future requirements and the individual's level of risk aversion

2.3. The impact of inflation on the earnings power of money is identified, assessed and discussed

3. Develop your own savings plan

3.1. Personal savings goals are identified and quantified into dollar amounts and arranged in order of priority

3.2. A personal budget is developed to reveal funds available to contribute towards savings goals

3.3. The range of financial product options available to maximise earnings on savings are investigated and the most appropriate is selected according to own requirements

4. Implement your own savings plan

4.1. The requirements to open an account and provide evidence of personal identity are researched and steps taken to gather the necessary documentation

4.2. Relevant savings accounts or other investigated financial products are opened and the savings plan implemented and monitored for a short period of time

4.3. Adjustments to the savings goal are made where it is realised that the goal is unattainable


Qualifications and Skillsets

FNSFLT202A appears in the following qualifications:

  • FNS10110 - Certificate I in Financial Services
  • FNS20110 - Certificate II in Financial Services
  • FNS20111 - Certificate II in Financial Services