Life skills // Money & Finance
Borrowing & Debt
What borrowing money means; that loans must be repaid with interest; what credit is; why too much debt can be risky; responsible borrowing
Quick check
Could the learner explain why borrowing money costs more than the amount you borrow, and why that matters?
Ask this to see whether the topic is secure.
Topic // Mastery
What mastery looks like
What a learner can do once this topic is secure.
- Explain what a loan is and that borrowed money must be paid back with extra (interest)
- Give an example of when borrowing might be sensible (buying a house) versus risky (buying luxuries you can't afford)
- Describe what happens if someone borrows too much money and can't repay it
Topic // Map
Where this fits
What to learn first and what this topic opens up, with the reason for each link. Required links come first.
- RequiredMust come first
- HelpfulHelps, but not essential
Before this
2 topics- Banks & SavingRequired
Money & Finance // Ages 7 to 9
Must understand banks and interest before learning about loans and debt
- Budgeting Pocket MoneyHelpful
Money & Finance // Ages 7 to 9
Budgeting awareness helps understand why overspending leads to borrowing
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Borrowing & Debt
Ages 9 to 11 // Concept
Leads to
0 topicsNothing in the catalogue builds on this topic yet. Browse Money & Finance
Life skills // Money & Finance
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