Checking And Keeping Track Of Payments And Purchases

Definition

Checking And Keeping Track Of Payments And Purchases. In the context of the Financial Competence Framework, Checking And Keeping Track Of Payments And Purchases is a topic in the Money And Transactions subject matter domain.

Competences

Mastering the role of Checking And Keeping Track Of Payments And Purchases in financial literacy context requires the following competences:

Code	Competency Description	Competency Type
87	Understands that mistakes can be made when making payments and purchases, and knows how to spot them on invoices, bills and receipts	Knowledge
88	Knows that some receipts should be kept as evidence of a purchase	Knowledge
89	Checks payment details, receipts and change, invoices and bills where relevant	Skill
90	Requests a receipt if not provided and keeps receipts and other relevant documents related to important purchases	Skill
91	Keeps track of all money paid out or spent	Skill
92	Confident to double check when it appears that a mistake has been made with a payment or purchase and to act if this is the case	Attitude