Have you ever given a friend or family money as a loan? Did they pay you back? Did it effect your relationship?
Sample Answer:
Yes, I lent money to a friend. They didn’t pay me back, and it made things a little uncomfortable between us.
Have you ever used a payday lending company to get a loan? Did you notice how high and unfair the interest rates are? Why are these companies so dangerous?
Sample Answer:
No, I haven't. They’re dangerous because the interest is very high, and people can get stuck owing more money than they borrowed.
Have you ever had a friend ask you to sell things like Amway, Mary Kay, Herbalife, Jaffra or Tupperware? Why are these companies problematic?
Sample Answer:
Yes/no. These companies are a problem because most people don’t make money and have to buy too many products.
What is 1 good thing and 1 bad thing about paying taxes?
Sample Answer:
Good thing: the money pays for schools, roads, and hospitals. Bad thing: It's hard for people with low income.
Explain this term: ripped off.
Ripped Off (verb)
To be ripped off means someone charged you too much money or tricked you so you lost money.
Explain this term: scam.
A scam is a trick or dishonest plan to take someone’s money or personal information.
