Topic 1.7 Saving and borrowing

• Economie
• Middelbare school
• havo
• Leerjaar 2

Topic 1

Saving and borrowing

Agenda

• Review topic 1
• Explanation Topic 1.7
• Get to work! 

Review

Think about everything we discussed in the last couple of lessons about topic 1

Do: make a wordweb with everything that you can think of

Topic 1

Learning goals

At the end of this lesson you know:

• Why people save money
• What factors are an influence on the amount of interest you pay

Saving

Saving is not spending money

 

Why?

• With a purpose
  
• As a precaution
  

Buy less now and buy more later

Borrowing

Borrowing is using someone else’s money

 

You have to repay the money you borrow 

 

Paying off your loan, you can choose different maturities

If you borrow money you have to pay interest as well

The debt remain the same when paying interest!

Interest

The amount of interest you pay is based on different factors:

• Time
• Your debt
• Percentage of interest

What are the two main reasons why people save money?

What factors influence the amount of interest you pay?

What would you like to do in the review lesson of topic 1?

Get to work!

Do tasks from: Saving and borrowing

Questions? Raise your hand

Done? Work on another subject