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Personal Finance Award

The Personal Finance Award at SCQF Level 6 offers valuable knowledge and skills to manage money effectively. It covers budgeting, saving, investing, and understanding financial products. Ideal for anyone looking to enhance their financial literacy and gain practical tools for managing their personal finances confidently and responsibly.

Course information

Level:

Level 6

Study Mode:

  • Other part-time day programme

Location:

  • Dunfermline
  • Kirkcaldy

Start Date:

Aug 2025

Duration:

  • 1 year part time

What skills will I learn?

This course will help you develop a range of valuable skills to manage your finances effectively. You will learn how to:
  • Budgeting – Create and manage a budget to track and control income and expenses. Saving and Planning – Understand the importance of saving, and set financial goals for the future.
  • Investing – Learn the basics of investment options and strategies to grow wealth. Understanding Financial Products – Gain knowledge of financial products like loans, credit cards, insurance, and pensions.
  • Debt Management – Develop strategies to manage and reduce debt responsibly. Making Informed Financial Decisions – Build the ability to make confident, responsible decisions about money.
  • These skills will empower you to take control of your financial situation and plan for a secure financial future.
  • Analytical and Problem-Solving Abilities: Confidence in tackling financial challenges.
  • Digital Literacy: Expertise in using accounting software and tools.
  • Communication Skills: Presenting financial reports clearly and professionally.

What will I study?

You will study various aspects of personal finance to build your financial knowledge and skills. The main topics you will cover include:
  • Managing Money – Understanding the basics of budgeting, managing income, and expenses.
  • Saving and Investment – Exploring strategies for saving money and an introduction to different investment options.
  • Financial Products – Learning about financial products such as loans, mortgages, credit cards, insurance, and pensions.
  • Debt Management – Developing skills to manage and reduce personal debt, including understanding interest rates and repayment plans.
  • Making Financial Decisions – Gaining the ability to assess financial situations and make informed decisions, whether it’s for short-term needs or long-term financial goals.
  • Consumer Rights and Protections – Understanding consumer rights related to personal finance and how to protect yourself from financial scams or bad deals.

Application Information

What further study options are available?

  • Higher National Certificate (HNC) in Accounting – A more advanced qualification offering deeper knowledge in finance.

What career opportunities are there?

  • Financial Advisor: Provides advice to clients on managing their personal finances, investments, and retirement planning.
  • Banking Roles: Jobs in retail banking, such as customer service representative, banking associate, or loan advisor.
  • Insurance Advisor: Helping clients understand and choose insurance policies, including life, health, and home insurance.
  • Mortgage Advisor: Assisting clients in finding and securing mortgages and offering advice on home loans.