Difference between revisions of "Managing Irregular And Unexpected Income And Expenses"
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== Definition == | == Definition == | ||
| − | '''Managing Irregular And Unexpected Income And Expenses'''. In the context of the [[Financial Competence Framework]], ''Managing Irregular And Unexpected Income And Expenses'' is a topic in the [[:Category: | + | '''Managing Irregular And Unexpected Income And Expenses'''. In the context of the [[Financial Competence Framework]], ''Managing Irregular And Unexpected Income And Expenses'' is a topic in the [[:Category:Planning And Managing Finances | Planning And Managing Finances]] subject matter domain.<ref>European Union/OECD (2022), Financial competence framework for adults in the European Union</ref> |
== Competences == | == Competences == | ||
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| − | [[Category: | + | [[Category:Planning And Managing Finances | Planning And Managing Finances]] |
Latest revision as of 16:35, 1 April 2022
Definition
Managing Irregular And Unexpected Income And Expenses. In the context of the Financial Competence Framework, Managing Irregular And Unexpected Income And Expenses is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Managing Irregular And Unexpected Income And Expenses in financial literacy context requires the following competences:
| Code | Competency Description | Competency Type |
|---|---|---|
| 139 | Understands that different life stages and particular personal or household events may affect income and expenditure | Knowledge |
| 140 | Understands the importance of actively planning for occasional irregular expenses | Knowledge |
| 141 | Understands the possible options for paying unexpected expenses | Knowledge |
| 142 | Knows how much money would be needed to cover expenses in the event of a loss of income | Knowledge |
| 143 | Seeks ways of adjusting income or expenditure as necessary, taking into account occasional expenses and possible income fluctuations | Skill |
| 144 | Can identify and choose the best option for paying unexpected expenses | Skill |
| 145 | Makes informed decisions about the use of exceptional income and assets received such as gifts, prizes or inheritance | Skill |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union
