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Lessons in Financial Education (LiFE) Award

Once students have completed the LiFE Foundation they can progress easily to achieve the LiFE award, a Level 1 qualification. No further study is required, all they need to do is complete an online multiple choice questions assessment.

About the qualification

The LiFE Award provides a good basic understanding of money and finance. It has been developed based on the key areas that, as a minimum, children and young people should know in order to be confident and competent in their financial experiences. These areas include how to use appropriate tools to manage a personal budget and to make informed financial decisions.

On completion of the Award students will also be able to demonstrate numeracy skills, including the ability to manipulate financial and other numerical data (such as calculating the costs of borrowing and spending).

They will learn to understand principles of money, how to manage money and the ways of keeping money safe.

Students will have the opportunity to work back through any area or topic from the LiFE Foundation platform, in any order to revise and prepare for this assessment.

From a teacher's point of view the LiFE course is so much more accessible for the students I work with and is the valuable information they need to know to in the world outside of school. Students opinions have been really positive and they are really enjoying a 'maths' subject. They like the check-list down the side of the screen as it gives them a real sense of pride marking off competed work. Vicky Henry, Cedars Upper School, Bedfordshire
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What progression does our LiFE Award offer?

Once your students have completed the LiFE Award, they can progress onto one of our Level 2 qualifications:

And from September 2017 students will be able to continue the e-learning course and complete the Level 2 LiFE Certificate.

Our e-learning platform

Screenshot of LiFE e-learning program


Assessment

The LiFE Award is a Level 1 assessment containing 30 multiple choice stand alone questions and is assessed via our online platform LIBF e-test.

Screenshot of LiFE e-learning program


Grading

To pass, students are required to achieve 50% of marks available. Students are allowed up to two resits.

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You may also be interested in 

Lessons in Financial Education

LiFE Certificate

After attaining the LiFE Award, students can further their understanding of money and finance with the Level 2 certificate.

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Financial Capability

Award in Financial Education Level 2

Provide your students with an introduction to personal finance & the economy, financial management skills and enterprise.

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Looking for further information

Contact

If you're looking for further information get in touch via our online form or you might find the answer in our FAQ's.

Contact us FAQ’s

Download a brochure

All the information you need about our suite of Financial Capability qualifications.

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