Borrow

On the topic

Borrowing money is part of our economic system and has become indispensable. There is a myriad of offers – from small amounts for consumer goods to mortgage loans for building a home.
There are many providers on the market who advertise for customers with a wide variety of conditions. The difference in the costs incurred is sometimes enormous.
Borrowing money must be well thought out. First of all, it must be clarified whether the money can be repaid without having to restrict one’s lifestyle. And then you have to find out what type of financing and which provider is best for you.

Framework data

Target group

Adults
●      in the field of education, training and further education
●      in measures of the labor market service
●      in residential groups and social institutions
●      in other courses, etc. 

Time frame

130 minutes 

Requirements

Room with sufficient space for small group

 

Learning objectives

  • Dealing with the possibilities of lending money
  • Make them aware of what you would lend them money for
  • Point out that borrowing money costs money
  • Point out what to look out for when borrowing money
  • Point out that not every offer is the same and that offers should be compared

Schedule – Overview

Method pool

Duration in minutes

Complexity

1. “Terminology”
An exchange within the group is started by using terms on the topic.

Background knowledge “Terminology”
annex “Terminology”

 

15

 

Easy

2. Borrowing money
Recognizing and exchanging what the participants have incurred or would incur debts for.

Annex “Borrow money”

 

15

 

Easy

3. Case study: Sarah and Alex
Case study with different options for borrowing money

Annex “The first own apartment”

Annex “The new living room”

Solution “The new living room”

Annex “The new car”

Solution “The new car”

Annex “One year later”

Solution “One year later”

 

100

 

Easy

1. Explanation of terms

Setting

Plenum

Goal

Getting to know the group. Explanation of terms.

Material

Annex “Terminology”

Duration

15 minutes

Further information

Movement helps the participants to arrive. It helps you get talking. Basic terms are explained.

2. Borrow money

Setting

Individual work followed by a plenary session

Goal

Discussing one’s own attitude towards borrowing money

Duration

15 minutes

Material

One copy of the “Borrow money” annex

Flipchart and pens

3. Case study: Sarah and Alex

Setting

Group work and plenary session

Objective

To show different forms of lending money using a case study

To show how people slowly grope into debt problems

Duration

75 minutes

Material

For each group, the respective tasks

Annex “The first own apartment”

Annex “The new living room”

Annex “The new car”

Annex “One year later”

Flipchart and pens