Life Skills
Money & Finance
Conceptual
9–11 yrs
Borrowing & Debt
借贷与债务
Description
What borrowing money means; that loans must be repaid with interest; what credit is; why too much debt can be risky; responsible borrowing
Mastery Evidence
- 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
Assessment Prompt
Could your child explain why borrowing money costs more than the amount you borrow, and why that matters?
Unlocks 0
No follow-up topics
