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

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