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Borrowing Money Responsibly

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Borrowing Money Responsibly

Child with piggy bank and coins

💰 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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