This qualification has been developed by Edexcel in partnership with Nationwide Building Society. It aims to give young people the skills they need to manage their money and avoid getting into debt.

Through a variety of bite-sized units, learners develop an understanding of:

• how career choices affects earnings
• the financial support available for those unable to work
• how to manage their finances through planning a personal budget
• ways of paying for goods and services
• making savings
• the concept of debt
• responsible borrowing
• support for debt management
• national and global finance, through taxation, ethical shopping and exchange rates.

Learners have the opportunity to progress onto the 6-credit Level 2 qualification. 

There are a range of free resources available for these qualifications, provided by Nationwide Education.