Your pet hamster wants to borrow your allowance to buy a tiny hamster mansion. Should you lend them the money? What are the risks of lending money to a hamster?
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Can you spell this word?
d-e-b-t
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?
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How does someone take out a loan from a bank? What's the general process?
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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
Ask advice from a cat
Is it a good idea to buy a car with a loan? Why or why not?
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If you take a loan to buy a time machine, can you go to the future, win the lottery, and pay the bank back before you even took the money?
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What is an "interest rate" when you take out a loan?
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What should people try to avoid to buy if they want to stay out of debt?
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Can you spell this word?
a-f-f-o-r-d
Is it a good idea to buy a house with a loan? Why or why not?
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When might taking out a loan be a really good and even necessary idea?
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Do you think most loans are taken out by people between 20 and 30 years old? Why do you think this might be happening?
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What does the word "afford" mean? Can you give an example of something you can or cannot afford?
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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?
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Can you spell this word?
B-U-S-I-N-E-S-S
What can happen if you don't pay back a loan to the bank on time?
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Why do people sometimes get into debt? How can they try to avoid it?
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Is it a good idea to take out a loan if the interest rate is very high? Why or why not?
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What is a "loan"?
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What is "inflation"? How might it affect your money?
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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?
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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?
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