Implications Of Purchases

Definition

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

Competences

Mastering the role of Implications Of Purchases in financial literacy context requires the following competences:

Code	Competency Description	Competency Type
93	Knows that some purchases may incur ongoing costs such as maintenance or storage	Knowledge
94	Is aware when subscriptions end and if they will be renewed automatically	Knowledge
95	Takes into account long-term implications of subscriptions and other purchases requiring repeated payments	Skill
96	Makes an informed decision about the overall impact of options to spread payments over time	Skill
97	Makes any ongoing payments as agreed	Skill
98	Makes an informed decision about whether to make large purchases immediately or in the future	Skill
99	Confident to apply knowledge of factors such as inflation and exchange rates when making a decision about whether to delay a purchase	Attitude