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ZIMSEC O-Level Commerce

6.6.3Managing personal finances

Managing personal finances in ZIMSEC O-Level Commerce: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic19 practice questions1 lesson
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Overview

Form 2: budgeting, borrowing options, financial advice and financial mismanagement.

Learning objectives

What the syllabus expects you to be able to do.

  1. 6.6.3.1Draw up a personal budget.
  2. 6.6.3.2Discuss reasons for borrowing and identify borrowing options.
  3. 6.6.3.3Analyse the need for financial advice and the consequences of financial mismanagement.

Lessons

  • Personal budgets, borrowing and financial advice

    30 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Managing personal finances: sample question

1 mark

A household's planned spending is greater than its expected income. What does its budget show?

Choose one answer

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