Money

Financial maths is needed for all jobs, from calculating wages to working out profit, loss and VAT. Knowledge of financial maths is also required to be able to understand bank statements and savings.

Budgeting is listing and planning estimated income and spending. This allows us to make informed choices regarding spending and saving.

Understanding the best value for money is important when looking at option or contract services, eg mobile phone deals.

Travelling abroad involves converting currencies into the currency of the country visited. To calculate the amount, exchange rates are used.