EY Managing Personal Finances L3
Objectives:
To learn how to budget their money
To familiarise themselves with different types of lending and saving agencies
To give the learner confidence to take control of their personal finances
Target Award
QQI General Learning – 3M0874
Start Date: 28-08-2025 Hours/week: 03 Hrs 30 Mins Duration: 16 weeks
No formal education or qualifications are required although applicants may have participated in primary and secondary education. Applicants will be expected to demonstrate a standard of knowledge, skill and competence equivalent to NFQ Level 2 when accessing a Level 3 programme.
Age Requirements
Please see course details for minimum age requirements
Learning Aptitude
Applicants must have a motivation to learn, an interest in the subject and the ability to acquire the knowledge, skills and competencies set out in the course.
Previous Experience
Applicants must be able to demonstrate a limited range of knowledge, skills and competencies skills relevant to the course and be able to work under direction.
| Module | Award | Body |
|---|---|---|
| Managing Personal Finances | Managing Personal Finances (3N0921) | QQI |
Learners will be able to:
1 Discuss personal and cultural values surrounding money to include personal money and money
belonging to other people or organisations
2 Explain a personal budget to include income and expenditure
3 Identify basic tax and social welfare deductions on a payslip
4 Distinguish between current financial needs and future spending to include bills, necessities,
discretionary spending and large expenditures
5 Identify common social welfare entitlements
6 Describe ways of managing payments, payment methods and costs incurred by various methods
7 Give examples of the agencies that provide support during financial difficulty
8 Demonstrate knowledge of consumer rights and the available mechanisms to exercise them
9 Prepare a weekly spending plan
10 Identify ways of saving money
11 Prepare a savings plan
12 Describe the economic and social environment and its impact on personal finances
13 Compare a limited range of savings and borrowing products from financial institutions
14 Compare personal financial experience and habits with those of dependents, partners, family and
friends