Managing Your Money Award (Online)
Managing Your Money Award (Online)
Are you ready to take control of your finances and work towards financial stability? This online course is the perfect starting point.
This NCFE Level 1 Award in Managing your Money offers practical tools and strategies to help you make informed money decisions. You will learn about pensions, insurance, various financial products, and the importance of setting clear financial goals - plus how to develop a plan to achieve them. You will gain the knowledge and skills to manage personal finance beneficially and to anticipate future needs and wants.
By the end of the course, you’ll have a solid understanding of how to manage your money effectively.
How you will learn and be assessed:
• This course is completed via distance learning.
• There are no live lessons to attend. You will learn independently on our online platform with the support of a personal tutor, so you can study at times that suit you while still completing work within the required deadlines.
• You can access the assessment at any point leading up to your deadline. It is in the form of written question and answer format and is not timed, meaning you can complete the assessment in small chunks.
• Each assessment must be completed within the set interim deadlines.
You should have a genuine interest in this subject
You will require good literacy and IT skills
You will require a reliable internet connection and use of a device. A smartphone is not always compatible.
You must be 19+ to apply for this course.
Unit 1 will equip you with knowledge of financial products and services, such as personal pensions, insurance, and bank or building society accounts. You will learn about borrowing and saving money and will be able to choose from financial products and services.
Unit 2 will provide you with the knowledge required to manage your personal finances. You will understand risks to personal finances, and be able to compare goods, products and services. You will also know about credit scores, being able to give examples of what will damage and improve a credit score.












