User:Tefelo/OER

=Personal/Family Budgeting=

Outcomes
By the end of this unit, students should be able to:

1. Identify different types of resources 2. Student should be able to explain the concept of scacity of resources. 3. Differentiate between needs and wants

1. Define essential terminology in budgeting. 2. Identify various components of the personal/family budget.

3. Explain the importance of preparing a budget.

4. Prepare a personal/family budget.

5. Calculate a balance budget, surplus budget and a deficit budget.

6. Explain and demonstrate the important of keeping financial documents.

Essential terminologies
Lesson 1: /Terminologies/

Coverage:Resources, Personal budget, family budget, income, expenditure, fixed expenses, variable expenses, surplus, saving, deficit and balance.

Components of the personal/family budget
Lesson 1: Income Lesson 2: Expenditure (Fixed Expenses & Variable Expenses) Lesson 3: Budget Outcomes

Importance of having a budget
Lesson 1: Advantages of having a budget

Preparation of the personal/family budget
Lesson 1: Practical work

Calculations of budget outcomes
Lesson 1: Practical work

Financial documents
Lesson 1: Source documents Coverage: Cash register tapes, receipts, Cheque butts, payment vouchers and bank statement.

=Starting a small business=

Outcomes
By the end of this unit, students should be able to:

1.

Content
=Pricing=

Content
=Marketing=

Content
=Basic records keeping=