Making It Count: US 28100

Outcome 1

Develop a plan to achieve a long-term personal financial goal(s).

Evidence requirements

1.1 Elements to achieve identified long-term personal financial goal(s) are described to show

how they contribute to meeting the long-term personal financial goal(s).

Range: elements include – goal definition and setting, information gathering, actions to

achieve, process to monitor and review, financial tools, asset protection, balanced

budget, budgeting and/or investment advice.

1.2 Factors that may affect the achievement of identified long-term personal financial goal(s)

are identified in terms of the individual and their lifestyle.

1.3 Strategies to manage the impact of factors identified in 1.2 are described to show how they

contribute to meeting the long term personal financial goal(s).

Achieved, Merit, or Excellence:

This unit standard can be awarded with Achieved, Merit, or Excellence.

Criteria for Achieved

For the Achieved grade to be awarded, the outcome must be achieved as specified in the

outcome statement. You must develop a plan to achieve a long-term personal financial goal(s).

You need to:

a. describe how the elements of the plan contribute to meeting the identified long-term

personal financial goal(s);

b. identify the personal and lifestyle factors that may affect the achievement of the long-

term goal(s);

c. describe strategies to manage the impact of the factors identified in 1.2 to show how

they contribute to meeting the long-term personal financial goal(s).

Criteria for Merit

You must provide:

› an explanation of the elements of the plan, and explain the reasons for their inclusion

to show how they contribute to meeting long term personal financial goal(s).

Criteria for Excellence

You must provide:

› an explanation with supporting reasons of the factors that may affect the achievement

of identified long-term personal financial goal(s) and explain with supporting reasons

the strategies to manage their impact to show how they contribute to meeting long term

personal financial goals.