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Borrowing Money Responsibly
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Borrowing Money Responsibly
💰 Part 1: What Do These Words Mean?
1. A lender is:
A person who gives money back
A person who loans money to others
A person who keeps all their money
2. To borrow means:
To keep money forever
To get money that you will pay back
To give money away
3. A responsible borrower:
Pays money back on time
Pays back the full amount
Never pays money back
Only pays back some of the money
🎯 Part 2: Good or Bad Borrowing?
Read each story. Circle if the person is being RESPONSIBLE or IRRESPONSIBLE.
4. Maya borrowed $5 from her mom to buy lunch. She paid back all $5 the next day.
RESPONSIBLE
IRRESPONSIBLE
5. Jake borrowed $10 from his friend. He was supposed to pay it back in one week, but he waited three weeks.
RESPONSIBLE
IRRESPONSIBLE
6. Emma borrowed $3 from her sister. She only paid back $2 and said "That's enough."
RESPONSIBLE
IRRESPONSIBLE
7. Sam borrowed $8 from his dad for a toy. He paid back all $8 on time like he promised.
RESPONSIBLE
IRRESPONSIBLE
✏️ Part 3: Your Turn to Think
8. You want to borrow $4 from your friend to buy a snack. What should you tell your friend to be responsible?
9. Draw a picture of someone being a responsible borrower:
I can statement: I can explain what it means to borrow money responsibly and pay it back on time.
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