Can you spell this word?

Jake wants to go to college. One college in his town offers him a scholarship (money to study), but he wants to move and go to a different college, which means he would need a loan. What questions should Jake ask himself to make the best ch

If a dragon is the banker and he breathes fire when people are late with their payments, would you ever take a loan from him? What is the "risk" here?

Why do people sometimes get into debt? How can they try to avoid it?

If there is high inflation in a country, is it a good idea to keep all your money "under the pillow" (at home)? Why or why not?

Is it a good idea to buy a car with a loan? Why or why not?

What does the word "afford" mean? Can you give an example of something you can or cannot afford?

Jess's phone is broken, and she only has enough savings for a very simple new phone. She really wants an iPhone and is thinking about taking out a loan for it. Do you think Jess should take out a loan for an iPhone? Why or why not?

What can happen if you don't pay back a loan to the bank on time?

Your friend asks to borrow your last piece of chocolate until tomorrow. Is this a loan? Should you charge them "interest" (like, they have to give you two pieces back tomorrow)? Why or why not?

What should people try to avoid to buy if they want to stay out of debt?

Give me one example of a way to get rid of a debt

Mia has two loans. One is for a phone: $1000 with a 10% interest rate. The other is for a refrigerator: $2000 with a 7% interest rate. Which loan do you think she should try to pay off first, and why?