Module Outline
Information current as of
12/09/2026 8:49 AM AWST
12/09/2026 8:49 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Explore personal finances for routine needs
Explore personal finances for routine needs
Module
National Code
NAT11377021
NAT11377021
State Code
BC010
BC010
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
20/08/2026
Field of Education
120103 - Literacy And Numeracy Programmes
Nominal Hours
45
Description
This unit describes the performance outcomes, skills and knowledge required to understand expenses and develop financial literacy at ACSF level 3.
It requires the ability to explore and prioritise expenses, develop budgeting strategies and understand financial options and responsibilities.
This unit applies to people who want to develop financial literacy for personal use.
No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
It requires the ability to explore and prioritise expenses, develop budgeting strategies and understand financial options and responsibilities.
This unit applies to people who want to develop financial literacy for personal use.
No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
General notes
No information
No information
Elements and Performance Criteria
Prepare to work with expenses
- 1.1 Identify one-off and ongoing expenses for living
- 1.2 Find information on costs of products and services
- 1.3 Order expenses to address personal priorities and responsibilities
Develop financial literacy
- 2.1 Determine requirements for opening an account to manage finances
- 2.2 Review pay information to determine income components
- 2.3 Evaluate needs and finances to inform financial position
- 2.4 Explore loans and applications to identify suitability for needs
- 2.5 Review options for managing fines
- 2.6 Develop budgeting strategies to manage finances
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| BA231 | NAT11039017 | Explore money for routine needs | Module |
Associated Qual/Courses
| State Code | National Code | Title | Type |
|---|---|---|---|
| BHF29 | 11377NAT | Certificate II in Career Preparation | Accredited course |