The big ideaBorrowing from family is still borrowing. A plan says how much and when.
How it works
Leo's class trip cost 6 pretend coins, and Leo had none saved, so he asked Gran to lend him 6 coins.
Borrowing from family is still borrowing, so it needs a plan. A plan says how much, how often and when it ends.
Leo paid back 2 coins each Saturday, for three Saturdays. Gran asked for nothing extra.
Leo owes less after each Saturday.
🪙how much: 6 coins📅how often: each Saturday🏁when it ends: after 3 Saturdays
A plan says three things.
Example 1: Make the plan
Leo borrows 6 coins and pays back 2 each Saturday.
2 + 2 + 2 = 6
So the plan takes 3 Saturdays and fits exactly.
Example 2: What is still owed?
At the start Leo owes 6 coins.
After Saturday 1: 6 − 2 = 4
After Saturday 2: 4 − 2 = 2
After Saturday 3: 2 − 2 = 0, and the plan is done.
Example 3: Pay back the same
Gran asked for nothing extra.
Leo borrowed 6 coins, so 6 coins come back.
Family often lends with nothing extra, but it is still borrowing.
Words to know
borrow
Take something now and give it back later.
owe
Must pay those coins back.
plan
How much, how often, and when it ends.
pay back
Give the borrowed coins back.
Watch out
Borrowing from family is still borrowing. It needs a plan.
Coins paid back are not the coins still owed. After one Saturday, 2 are paid and 4 are still owed.
Keeping the coins and saying nothing, or taking coins without asking, does not help.
Forgetting the plan does not help family trust you.
Try it
Leo owes 6 coins and pays back 2. How many does he still owe?
Two coins each Saturday for 3 Saturdays pay back how many coins?
Gran asks for nothing extra. Leo borrows 6 coins. How many does he pay back?
Answers: 1. 4 coins · 2. 6 coins · 3. 6 coins
Try at homeWith a grown-up, make a pretend plan: borrow six coins, and write how much you pay back each week and when it ends.
For grown-upsMake a pretend plan together: borrow 6 coins, then write how much is paid back each week and when it ends. Asking kindly and saying thank you are part of it. Real borrowing in your family is your own business; this is practice.
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