SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Manage personal finances 
SAQA US ID UNIT STANDARD TITLE
12509  Manage personal finances 
ORIGINATOR
SGB Hygiene & Cleaning Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Personal Care 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 1  NQF Level 01 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2006-02-14  2007-02-21  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2008-02-21   2011-02-21  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
243189  Manage personal finances  Level 1  NQF Level 01  Complete 

PURPOSE OF THE UNIT STANDARD 
Learners working towards this standard will be learning towards the full qualification, or will be involved in or working within a cleaning services environment. Qualifying learners are able to manage his/her personal finances. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
LEARNING ASSUMED TO BE IN PLACE

The learner has the speaking and listening ability equal to an ABET Level 1 Com 101 standard and/or any other communication skill that will enable him/her to confirm the knowledge and skills required by this unit standard.

Basic numeracy including the ability to add, subtract, multiply, divide, and work with fractions and percentages. (ABET Numeracy standards 101 &102). 

UNIT STANDARD RANGE 
  • The scope of this unit standard is for any person who earns a salary / wage and who has to plan his/her finances.
  • The level assigned to this unit standard is appropriate because the process is limited in range, very repetitive and familiar, limited generation of new ideas are needed and the person has no responsibility for the learning of others. Problem solving occurs within a pre-defined context.

    RANGE STATEMENTS WHICH REFER TO ASSESSMENT CRITERIA IN THIS UNIT STANDARD

    Assessment can be verbal, written or any other agreed upon method. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Prepare a personal budget. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Reads and correctly interprets his/her pay slip. 

    ASSESSMENT CRITERION 2 
    2. Distinguishes between what s/he needs and what s/he wants when drafting a personal budget. 

    ASSESSMENT CRITERION 3 
    3. Explains the difference between a need and a want. 

    ASSESSMENT CRITERION 4 
    4. Explains how the difference between a need and a want will influence his/her decisions when planning with limited finances. 

    ASSESSMENT CRITERION 5 
    5. Explains how s/he can become poorer because of impulsive buying. 

    ASSESSMENT CRITERION 6 
    6. Explains how s/he can buy things without opening an account or borrowing money, when s/he does not have enough money. 

    ASSESSMENT CRITERION 7 
    7. Is able to indicate the difference between fixed expenses and expenses that change from month to month (variable expenses). 

    ASSESSMENT CRITERION 8 
    8. Controls variable expenses in a way that is best for his/her present and future financial needs. 

    ASSESSMENT CRITERION 9 
    9. Explains the difference between, and gives an example of fixed and variable expenses. 

    ASSESSMENT CRITERION 10 
    10. Explains how variable expenses can be controlled to take care of financial needs. 

    ASSESSMENT CRITERION 11 
    11. Is able to meet all his/her important financial commitments. 

    ASSESSMENT CRITERION 12 
    12. Is able to show how s/he plans his/her finances in such a way that s/he is able to survive from one payday to the next. 

    ASSESSMENT CRITERION 13 
    13. Compares prices (including the price of credit) when making decisions about buying. 

    ASSESSMENT CRITERION 14 
    14. Makes financial decisions keeping in mind that value for money is important and that what is bought serves a real need. 

    ASSESSMENT CRITERION 15 
    15. Plans for future financial needs. 

    ASSESSMENT CRITERION 16 
    16. Makes plans to earn extra money from other sources. 

    ASSESSMENT CRITERION 17 
    17. Plan a realistic budget. 

    ASSESSMENT CRITERION 18 
    18. Plans for unforeseen events in his/her budget. 

    ASSESSMENT CRITERION 19 
    19. Describes how s/he will know if s/he is receiving "value for money." 

    ASSESSMENT CRITERION 20 
    20. Gives an example of a future financial need relevant to his/her personal situation. 

    ASSESSMENT CRITERION 21 
    21. Explains how s/he can plan for future financial needs. 

    ASSESSMENT CRITERION 22 
    22. Explains how s/he can increase personal income. 

    ASSESSMENT CRITERION 23 
    23. Explains how a personal budget can contribute to financial discipline. 

    ASSESSMENT CRITERION 24 
    24. Explains why financial discipline is important. 

    SPECIFIC OUTCOME 2 
    Open a personal bank account. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Asks about the different accounts and services available at banks. 

    ASSESSMENT CRITERION 2 
    2. Chooses the account and/or service that best suit his/her financial needs. 

    ASSESSMENT CRITERION 3 
    3. Takes responsibility for completing an application form to open a bank account. 

    ASSESSMENT CRITERION 4 
    4. Explains the different accounts and services banks can offer him/her. 

    ASSESSMENT CRITERION 5 
    5. Explains why s/he chooses a specific service and/or account. 

    ASSESSMENT CRITERION 6 
    6. Explains why one must shop around for financial services. 

    SPECIFIC OUTCOME 3 
    Improves his/her financial situation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Lists the types of financial problems people can have. 

    ASSESSMENT CRITERION 2 
    2. Lists his/her debts. 

    ASSESSMENT CRITERION 3 
    3. Lists ways of managing these debts in order to improve his/her financial situation. 

    ASSESSMENT CRITERION 4 
    4. Lists ways of improving his/her financial situation once s/he has paid his/her debts. 

    ASSESSMENT CRITERION 5 
    5. Explains how the way in which s/he spends money can cause financial problems. 

    ASSESSMENT CRITERION 6 
    6. Explains how his/her debts could cause financial problems. 

    ASSESSMENT CRITERION 7 
    7. Explains how the way in which s/he manages his/her debts will improve his/her financial situation. 

    ASSESSMENT CRITERION 8 
    8. Explains the benefits of the different options listed in C4. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. An assessor accredited by the Services SETA ETQA will assess the competency.
    2. Assessment procedures will be supplied to the ETQA in alignment with NSB requirements.
    3. All assessment activities must be fair so that all candidates can have equal opportunities.
    4. Assessment will be free of gender, ethnic or other bias.
    5. Questions and answers must determine the theoretical knowledge.
    6. Direct observation, preferably in the workplace, or as a second choice in simulated conditions are preferred.
    7. A practical demonstration of competencies is required in this unit standard.
    8. Reporting skills are demonstrated by effective communication that may be verbal or any other agreed upon method.
    9. Internal Moderation
    10. External Moderation 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    On completion the learner can understand and apply knowledge as described in the assessment criteria of all the outcomes. 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which response displays that responsible decisions using critical and creative thinking have been made. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one`s activities responsibly and effectively. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written presentation. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognising that problem solving contexts do not exist in isolation. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD CCFO CONTRIBUTING 
    Contribute to the full personal development of each learner and the social and economic development of the society at large.
  • Participating as a responsible citizen in the life of local, national and global communities
  • Developing entrepreneurial opportunities. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 243189, which is " Manage personal finances ", Level 1, 8 credits.

    The assessor will need an example of the learner`s payslip. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  50225   General Education and Training Certificate: General Forestry  Level 1  NQF Level 01  Reregistered  2023-06-30  FPMSETA 
    Fundamental  35953   General Education and Training Certificate: Transport  Level 1  NQF Level 01  Passed the End Date -
    Status was "Reregistered" 
    2008-02-06  Was TETA until Last Date for Achievement 
    Fundamental  23853   GETC: Domestic Services  Level 1  NQF Level 01  Reregistered  2023-06-30  SERVICES 
    Fundamental  20173   National Certificate: Hygiene and Cleaning  Level 1  NQF Level 01  Passed the End Date -
    Status was "Reregistered" 
    2007-02-21  Was SERVICES until Last Date for Achievement 
    Elective  48642   General Education and Training Certificate Housing: Housing Consumer Education  Level 1  NQF Level 01  Passed the End Date -
    Status was "Reregistered" 
    2009-05-13  Was CETA until Last Date for Achievement 
    Elective  49411   General Education and Training Certificate: Construction  Level 1  NQF Level 01  Reregistered  2023-06-30  CETA 
    Elective  58267   General Education and Training Certificate: Mining and Minerals Processes  Level 1  NQF Level 01  Reregistered  2023-06-30  MQA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. African Duchess Coutore solutions (Pty) Ltd 
    2. AGB Finance 
    3. ALLOYS HEAD OFFICE 
    4. Amagcwensa Trading Enterprise (Pty) Ltd 
    5. Amagema Development Consultants cc 
    6. Amos / Kgaphamadi Community Organisation 
    7. Aniathu Trading (Pty) Ltd 
    8. AQUILA TRAINING 
    9. Asilon Trading Enterprise 
    10. Assured Vocational Skills Institute (Pty) Ltd 
    11. Babina Tlou Trading and Projects 001 
    12. BAFOKENG RASIMONE MANAGEMENT SERVICES PTY LTD 
    13. Bakgoni Empowerment Centre (Pty) Ltd 
    14. BARBERTON MINES (PTY) LTD 
    15. BEATRIX DIVISION 
    16. Big Tree Group (Pty) Ltd 
    17. Bontham Training & Agricultural Consultants 
    18. Bright Future General Trading and Projects (Pty) Ltd 
    19. Broadway Sky Trading 
    20. BS Training Services 
    21. Cel Impilo (Pty) Ltd 
    22. Chamonix Consulting (Pty) Ltd 
    23. Chippa Training Academy (Pty) Ltd 
    24. CMO Logistics Pty Ltd 
    25. Coalition Trading 1238 cc 
    26. Cradle Stars Trading Enterprise (Pty) Ltd 
    27. CRG Group (Pty) Ltd 
    28. Dioka Business Consulting 
    29. DIONYSUS SKILLS DEVELOPMENT INITIATIVE PTY LTD 
    30. Donnybrook Education & Training College (Pty) Ltd 
    31. Ebotse Development and Training Centre 
    32. Ehlanzeni TVET College 
    33. Elimofo Trading& Projects 
    34. ERGO BUSINESS DEVELOPMENT ACADEMY NPC 
    35. Esethu Manufacturing, Packaging, Printing & Design (Pty) Ltd 
    36. Eshet Chayil Concepts (Pty) Ltd 
    37. Ethicae Juridico Consulting (Pty) Ltd 
    38. ETS Emergency Training Solutions (Pty) Ltd 
    39. Faithworks Development Consultants (Pty) Ltd 
    40. FINSCH DIAMOND MINE(PTY) LTD 
    41. FOSKOR (PTY) LTD 
    42. Fundakahle Multi-Purpose Co-operative Limited 
    43. Furniture World Training Centre 
    44. Future Discovery Training Academy CC 
    45. Futuretech Campus (Pty) Ltd 
    46. Gauteng City College 
    47. Gcinumbuso (Pty) Ltd 
    48. Gemini Stars (Pty) Ltd 
    49. GNBR Solutions (Pty) Ltd 
    50. Green Enviro & Projects (Pty)Ltd 
    51. GT Design 
    52. HHO Enterprise 
    53. Hybrid Dynamics 
    54. I Care Resource Centre 
    55. Ikaheng HR Solutions Pty Ltd 
    56. IMPALA PLATINUM LIMITED 
    57. Intselelo Community & Development Institute NPC 
    58. Intuthuko Yesizwe Community Organisation 
    59. Inyapa Vhusiku Consulting Pty Ltd 
    60. IQ Skills Academy (PTY) LTD. 
    61. Ithala Lezemfundo (Pty) Ltd 
    62. Ithemba Lomphakathi Community Organisation 
    63. Khathini Communications & Development (Pty) Ltd 
    64. KHUTALA MINING SERVICES PL 
    65. Kingdom Varsity College (Pty) Ltd 
    66. KLOOF DIVISION 
    67. KROONDAL OPERATIONS (PTY) LTD 
    68. Kusabelele Investments 
    69. Kwamahlati Training Services cc 
    70. Lauba Artisan Developers (Pty) Ltd 
    71. Learncorp 
    72. Legal Environment Safety & Health Requirements cc 
    73. Lembede Investment Holdings (Pty) Ltd 
    74. Lens Plumbers 
    75. Letaba TVET College 
    76. Lisakhanya Skills Development Consultants (Pty) Ltd 
    77. Liston Agri Solution & Training Consultancy 
    78. LLSM (Pty) Ltd 
    79. Lomkhethi Trading Enterprise 
    80. Longata Consultant 
    81. Lungile Mchunu Consultancy (Pty) Ltd 
    82. Maab Training Management ( Pty) Ltd 
    83. Makwedeng Training 
    84. Malitinne (Pty) Ltd 
    85. Mantombana Projects (Pty) Ltd 
    86. MARGER TRAINING AND PROTERTIES (PTY) LTD 
    87. MARULA PLATINUM PTY LTD 
    88. MATHOME TRAINING AND DEVELOPMENT (PTY) LTD 
    89. MATLA COAL NO 2 PAYROLL LTD 
    90. Mavco Engineering (Pty) Ltd 
    91. Maxlen Holdings (Pty) Ltd 
    92. Mberwana Trading Enterprise 
    93. Mbova Multi Services cc 
    94. Mearnsii Trading cc 
    95. Media Works 
    96. Mgadaveni Training Projects (Pty) Ltd 
    97. MINERAL MINING TRAINING INSTITUTE(PTY) LTD 
    98. Mlasimbi Catering Primary Co-operative Limited 
    99. MMBG Trading & Consulting 
    100. MODIKWA MINING PERSONNEL SERVICES PTY L TD 
    101. Morito Diphateng Projects & Services 
    102. Morongwa Consulting Services (Pty) Ltd 
    103. MORTERBOARD TRAINING SOLUTIONS (PTY) LTD 
    104. MPACT 
    105. Mphahle Consultancy (Pty) Ltd 
    106. Nchuncheko Holdings (Pty) Ltd 
    107. New Business Initiative Management Consultancy 
    108. Ngcebo Consulting (Pty) Ltd 
    109. Nikwe Trading (Pty) Ltd 
    110. NKOMATI JOINT VENTURE 
    111. Nkulungwane General Trader cc 
    112. NokushoM Consultancy & Trading (Pty) Ltd 
    113. Nolwazi Dev Centre (Pty) Ltd 
    114. Nomazi Project & Supplies 
    115. Nomzumbe Trading & Projects (Pty) Ltd 
    116. NOSA LOGISTICS PTY LTD 
    117. Nosino Projects (Pty) Ltd 
    118. Nqothu Projects (PTY) LTD 
    119. NSJ Agricultural Farming And Multipurpose 
    120. Nteko Investments 
    121. Ntuthuko Projects & Services 
    122. Nurtured Minds Trading (Pty) Ltd 
    123. Oyama Kulwazi Training & Consulting (Pty) Ltd 
    124. PALABORA COPPER (PTY) LTD 
    125. Pesac Professional Training (Pty) Ltd 
    126. Phambile Skills Training (Pty) Ltd 
    127. Phetho Concepts (Pty) Ltd 
    128. Pinus Tech Technologies Trading and Projects 
    129. Platorand Training Centre 
    130. PMV Destiny Skills Training and Development (Pty) Ltd 
    131. PPC LTD SANDTON OFFICE 
    132. Prempie Business Solutions (Pty) Ltd 
    133. Prispiri (Pty) Ltd 
    134. Professional Development and Training Institute (Pty) Ltd 
    135. PROGRESSIVE TRAINING DEVELOPMENT AND PROJECTS (PTY) LTD 
    136. Qualfurn Training & Projects 
    137. Rally Business Consulting PTY LTD 
    138. Rekopane Training Centre CC 
    139. RICHARDS BAY MINING PTY LTD 
    140. RJM Investments 
    141. Royal Express 
    142. Russel Meaker cc 
    143. Rustenburg Platinum Mines - Union Section 
    144. S Squared Trading (Pty) Ltd 
    145. Safe Heavens Properties (Pty) Ltd 
    146. Seacrest Investments 156 (Pty) Ltd 
    147. SHAFT SINKERS MINING PTY LTD 
    148. SIBANYE GOLD ACADEMY PROPRIETARY LIMITED 
    149. SIBANYE RUSTENBURG PLATINUM MINES PTY LTD 
    150. SIMAMA Training and Business Services 
    151. SIYANDA BAKGATLA PLATINUM MINE 
    152. Skills For Life 
    153. Sko Group (Pty) Ltd 
    154. Snyawunywu Poultry Farming (Pty) Ltd 
    155. South African Forestry Training College 
    156. Spear of African Woman in Agriculture & Rural Development 
    157. SPLS Consultants (Pty) Ltd 
    158. Sunrise Skills Training 
    159. Talent Sculpure Academy (Pty) Ltd 
    160. TBL Empowerment Hub 
    161. ThabileTrade 1054 cc 
    162. The Brokers Learning Centre 
    163. Thunderflex3 Pty (Ltd) 
    164. TIBZA Consulting (Pty) Ltd 
    165. Tirhani SkillsTraining Pty Ltd 
    166. Tiriso Investments 
    167. Train Learn and Develop Ltd 
    168. TRAIN THE NATION AND ASSOCIATES (PTY) LTD 
    169. Transvaal Training 
    170. TRY EASY ELECTRICAL SOLUTIONS 
    171. TWO RIVERS PLATINUM (PTY) LTD 
    172. Ubucubu Home Industries 
    173. Udumo Training & Develoment (Pty) Ltd 
    174. Ukubhukuda Trading & Projects 165 
    175. UL Projects (Pty) Ltd 
    176. Umbuso Training Services 
    177. Umgano Foundation (NPC) 
    178. Umlozi Skills Centre (Pty) Ltd 
    179. Value at Hand (Pty) Ltd 
    180. VCK Training and Technical Services Pty Ltd 
    181. VEB CELE & Associates (Pty) Ltd 
    182. Velenkosini Multiskills and Catering 
    183. Verge (Pty) Ltd 
    184. Vicmat Consultants 
    185. VPK BUSINESS VENTURE C C 
    186. Wal Training (Pty) Ltd 
    187. Warona Owethu Projects (Pty) Ltd 
    188. WESTERN PLATINUM MINE 
    189. Westrand Graduate Institute Training and Engineering (Pty) Ltd 
    190. Wilratty Consultants (Pty) Ltd 
    191. Womens Leadership & Empowerment Initiative 
    192. World Pace Development & Training Institute (Pty) Ltd 
    193. Xhamela Development Services 
    194. York Timbers Pty Ltd 
    195. ZUCRO PROJECT CC 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.