MMA1 – VTCT (Skillsfirst) Level 1 Award in Managing your own Money (RQF)

Qualification summary

This qualification has been developed for the widest range of learners possible: young people, students and adults, those who are entering further or higher education or pre-employment, recently unemployed or between jobs. It has been designed to meet the needs of learners who wish to gain a knowledge and understanding of how to balance income and expenditure, how to save money and safe borrowing.

The range of modules contained in this qualification allow you to learn, develop and practise the financial skills required for life, without requiring or proving occupational competence. This qualification could also prove invaluable toward your own personal and career development.

This qualification does not require you to have any prior qualifications or levels of prior learning. For a list of training providers who deliver this qualification in your area please contact our customer services team.

Learners who achieve this qualification could progress onto the:

  • VTCT (Skillsfirst) Level 1 Award in Introduction to Financial Services (RQF)
  • VTCT (Skillsfirst) Level 1 Certificate in Developing Employability Skills (RQF)
  • VTCT (Skillsfirst) Level 1 Certificate in Personal and Social Development (RQF)
  • VTCT (Skillsfirst) Level 2 Award in Introduction to Personal Finance (RQF)

or similar vocationally-based qualifications

VTCT (Skillsfirst) Level 1 Award in Managing your own Money (RQF) Handbook


Qualification structure

To achieve VTCT (Skillsfirst) Level 1 Award in Managing your own Money (RQF), you will have to achieve the mandatory module in Group M.

Guided Learning Hours (GLH) are 21

Total Qualification Time (TQT) is 25

Qualification numberQualification reference
MMA1 603/3790/4 

Group M – mandatory module

mod. no.
mod. no.
Module  titleMod. LevelGLH Value
H/503/2829WO57Managing your own money121

To find out more about our registration/certification fees, contact our customer services team on

0121 270 5100 or  email us