4.personal Finance Assessment Version 2

UNIT 202: PERSONAL FINANCE
ASSESSMENT
Name: ‫عمران بن محمد الضحياني‬ ‫اسم المتدرب‬:
CPR: ‫الرقم الشخصي‬:

970312962
Date: 10-01-2022
Contents
ASSESSMENT
Activity
1…………………………………………………………………………………………………
……………………….2
Activity
2…………………………………………………………………………………………………
……………………….3
ASSESSMENT
Activity
3…………………………………………………………………………………………………
……………………….4
Activity
4…………………………………………………………………………………………………
……………………….5
Summary of
Achievements…………………………………………………………………………………
……………7
ASSESSMENT
ASSESSMENT
Activity 1: ESSAY TYPE

Read carefully the question given below before answering. Answers should be based on
your own understanding and perspective.
‘’You are working as sales representative in a car company and you are earning 700 BHD
monthly. Now, list down your monthly expenses and elaborate how you think you will
spend them accordingly. ‘’
ASSESSMENT
1- Housing: It also includes any other extra costs that you must pay to maintain and use
your home.
2- 2. Food : my monthly food expense includes everything that I spend on eating. Whether
it’s a home-cooked meal, pizza delivery or upscale dining. Again, I may need to estimate
my food expenses from month to month.
3- Transportation : transportation costs include anything you spend on travel. This includes
my monthly car payment whether I lease or have a loan on a vehicle.
4- Cell phone :my cell phone bill is another standard monthly expense. This one is
straightforward to track because I receive a monthly bill.
ASSESSMENT
5- Health insurance .
6- . Childcare and pet care.

ASSESSMENT
ASSESSMENT
Assessor Signature: ______________________________
Feedback:
________________________________________________________________
ASSESSMENT
Assessment Criteria:
List the advantages of borrowing money (1.1)
List the disadvantages of borrowing money (1.2)
Activity 2:
Lisa is an upcoming freshman student living in United Kingdom. She was weighing the pros
and cons for borrowing money. The following words are different advantages and
disadvantages of borrowing money; help Lisa to do her pros and cons list:
 I can go to cinema  I am able to buy a new car

ASSESSMENT
 My family and I fight because of this  There is high interest rates

 I will be in debt
 I can pay my monthly bills on time

 I can go out with my friends  I am able to buy a new car
 I might need to put off other financial  It can help me with college expenses
and lifestyle goals
ASSESSMENT
In the space provided below, list the advantages and disadvantages of borrowing money
below.
ADVANTAGES DISADVANTAGES
I can go to cinema My family and I fight because of this

ASSESSMENT
I am able to buy a new car I might need to put off other financial and lifestyle
goals
I am able to buy a new car I will be in debt

ASSESSMENT
Feedback:
________________________________________________________________
List the advantages of saving money (2.1)
Activity 3: ENUMERATION
ASSESSMENT
List down the reasons why saving money is good.
1. To have a cash reserve
2.To fund our children’s college education
3.To fund our retirement
4.To buy expensive items

ASSESSMENT
5.Tro be financially independent and secure
List down the things you must do to save money:
1.Record my expenses
2.I find ways I can cut my spending
3.I decide on my priorities : chanching my car in the near fture

ASSESSMENT
4.I pick the right tools: savig box, saving accounts
5.I make saving automatic

ASSESSMENT
Feedback:
________________________________________________________________
List ways of keeping personal financial information secure (3.1)
Activity 4: ENUMERATION TYPE

ASSESSMENT
List ways you can keep your personal financial information secure:
1. Regularly change passwords and don’t forget to make it hard to guess
2. Pay for purchases only on secure and authorized websites and make sure
to not save my card details in any websites and application
3. Maintain computer security, antivirus applications and keep it updated

ASSESSMENT
List ways you should avoid to keep your personal financial information
secure:
1.Do not give the personal information to people IQ don’t know
2.Do not give anyone my OTP code of One time password to anyone
ASSESSMENT
3.Avoid any suspicious SMS and calls
Feedback:
________________________________________________________________
ASSESSMENT
SUMMARY OF ACHIEVEMENT:
UNIT 202: PERSONAL FINANCE ACHIEVED
YES DATE
LO1: Know the advantages and disadvantages of borrowing money yes 10-01-
ASSESSMENT
2022
1.1 List the advantages of borrowing money yes Same
date
1.2 List the disadvantages of borrowing money Yes Same
date
LO2: Know the advantages of saving money yes same

ASSESSMENT
date
2.1 List the advantages of saving money Yes Same date
LO3: Know how to keep personal financial information secure yes same
date
ASSESSMENT
3.1 List ways of keeping personal financial information secure Yes Same date
The learner has completed Unit 202 by achieving learning outcomes 1,2 and 3
Assessor Name: _________________________________________
Assessor Signature: ______________________________________

ASSESSMENT
Date: ____________________

4.personal Finance Assessment Version 2

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

4.personal Finance Assessment Version 2

Uploaded by

Copyright:

Available Formats

UNIT 202: PERSONAL FINANCE

Name: ‫عمران بن محمد الضحياني‬ ‫اسم المتدرب‬:

CPR: ‫الرقم الشخصي‬:

Activity 1: ESSAY TYPE

6- . Childcare and pet care.

Assessor Signature: ______________________________

 I can go to cinema  I am able to buy a new car

 My family and I fight because of this  There is high interest rates

 I can pay my monthly bills on time

I can go to cinema My family and I fight because of this

I am able to buy a new car I will be in debt

Assessor Signature: ______________________________

List down the reasons why saving money is good.

1. To have a cash reserve

2.To fund our children’s college education

3.To fund our retirement

4.To buy expensive items

5.Tro be financially independent and secure

List down the things you must do to save money:

2.I find ways I can cut my spending

3.I decide on my priorities : chanching my car in the near fture

4.I pick the right tools: savig box, saving accounts

5.I make saving automatic

Assessor Signature: ______________________________

Activity 4: ENUMERATION TYPE

1. Regularly change passwords and don’t forget to make it hard to guess

to not save my card details in any websites and application

3. Maintain computer security, antivirus applications and keep it updated

1.Do not give the personal information to people IQ don’t know

3.Avoid any suspicious SMS and calls

Assessor Signature: ______________________________

UNIT 202: PERSONAL FINANCE ACHIEVED

1.1 List the advantages of borrowing money yes Same

1.2 List the disadvantages of borrowing money Yes Same

LO2: Know the advantages of saving money yes same

2.1 List the advantages of saving money Yes Same date

Assessor Name: _________________________________________

Assessor Signature: ______________________________________

You might also like