Lessons in Financial Education (LiFE) Foundation
The LiFE Foundation programme is broken down into eight topics. Students can make their way through the topics at their own pace, slowly building on their financial knowledge and confidence. At the end of the topics, each student will receive a certificate of completion.
Money and income, Storing money safely, Spending and budgeting, Saving and selling, Borrowing, What is insurance, Fraud and scams, Where can we get financial advice.
Unit 1: 30 standalone multiple-choice questions (total marks 30), to be completed in 30 minutes
Lessons in Financial Education (LiFE) level 1/2 Certificate
The qualification will encourage you to:
• develop an understanding of the key content areas and how they relate to each other;
• use appropriate tools to manage a personal budget;
• make informed financial decisions;
• demonstrate numeracy skills, including the ability to manipulate financial and other numerical data
Unit 2: 44 standalone multiple-choice questions (total marks 44), to be completed in 45 minutes
Unit 3: 16 standalone multiple-choice questions and 2 case studies each with 5 associated questions (total marks 26), to be completed in 30 minutes