Borrowing Money Lessons

Welcome to our page on borrowing money! We believe that understanding how to borrow money responsibly is a crucial skill in financial literacy. Our resources are designed to provide a comprehensive understanding of borrowing money, including the different types of loans, interest rates, and repayment plans. Whether you’re a teacher, parent, or financial educator, our collection of lesson plans, worksheets, and activities will equip you with the tools you need to teach these critical skills and empower students to make informed decisions when it comes to borrowing money. From managing debt to building credit, our materials will help students become responsible borrowers and achieve their financial goals.

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    Understanding the Debt Ceiling (Debt Limit) and the National Debt of the United States

    The lesson explains the concept of the debt ceiling, or debt limit, and the national debt, their implications on the US government’s financial operations and the potential consequences of hitting the debt ceiling. It also discusses extraordinary measures and possible solutions to address the national debt, including raising the debt ceiling, cutting spending, increasing revenue … Continue reading Understanding the Debt Ceiling (Debt Limit) and the National Debt of the United States


    How to Prepare for a Recession

    Learn the basics of how to prepare yourself for a recession, economic loss, or potential job loss. Learn important steps and tips to help prepare and protect yourself for a decline in the economy, a layoff, job loss, unemployment, or other related event. CONCEPTS Use this video lesson on the topic to discuss the financial … Continue reading How to Prepare for a Recession




    What is a Mortgage?

    Learn the basics of a mortgage loan for buying a home, types of mortgage lenders, and types of mortgages.  An introduction to mortgages. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Mortgages Purchasing a Home Home Loans Interest Rates Budgeting and Monthly Expenses PROCEDURE … Continue reading What is a Mortgage?



    Word Problems with Down Payments

    Students will begin to understand the topic of down payments. Teaching Objectives: Students will learn to define a down payment. Students will learn to calculate new price following a down payment. Students will learn to calculate payment plans based on new prices and down payments. Suggested Grade Level 6th – 8th Grade Lesson Excerpt: Many … Continue reading Word Problems with Down Payments


    Calculating Down Payments as a Percentage

    Students will learn to calculate down payments using a percentage. Teaching Objectives: Students will define down payment. Students will review percentages. Students will review convert percentages to decimals. Students will review calculating percentages. Students will use these skills to figure out down payments. Suggested Grade Level 6th – 8th Grade Lesson Excerpt: Sometimes, a down … Continue reading Calculating Down Payments as a Percentage