Difference between revisions of "Drawing A Budget"
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== Definition == | == Definition == | ||
− | '''Drawing A Budget'''. In the context of the [[Financial Competence Framework]], ''Drawing A Budget'' is a topic in the [[:Category: | + | '''Drawing A Budget'''. In the context of the [[Financial Competence Framework]], ''Drawing A Budget'' 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
Drawing A Budget. In the context of the Financial Competence Framework, Drawing A Budget is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Drawing A Budget in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
120 | Knows what a budget is, how to create one and why it is beneficial to do so | Knowledge |
121 | Aware of reliable budgeting tools developed by impartial providers, including mobile apps and other digital budgeting tools and services | Knowledge |
122 | Understands why it is important to take into account the medium and longer-term perspectives when budgeting | Knowledge |
123 | Identifies “needs” and “wants” and prioritizes as necessary | Skill |
124 | Creates a regular budget to plan income, saving and expenditure, using appropriate tools if available | Skill |
125 | Regularly uses reliable budgeting tools, including mobile apps or other digital tools, developed by impartial providers | Skill |
126 | Motivated to take time to create and follow a budget as a strategy for maintaining or increasing financial well-being | Attitude |
127 | Motivated to consider the overall budget when making spending decisions | Attitude |
128 | Motivated to look beyond immediate needs and wants when budgeting to prepare for longer-term requirements | Attitude |
129 | Confident to adjust a budget if necessary | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union