Year 9
IN THIS LESSON
National
Curriculum
Links
In this lesson students will explore how borrowing works and what makes it either a helpful tool or a financial trap . They will learn the difference between borrowing and debt, calculate interest in simple scenarios, and examine common borrowing methods including overdrafts, loans, credit cards and buy now pay later offers. Through practical decision making tasks they will compare saving versus borrowing, investigate how debt grows over time and analyse risky situations such as payday lending or making only minimum repayments. By the end students develop a grounded understanding of when borrowing supports financial goals and when it undermines long term stability.
Maths:
PSHE:
This lesson supports the National Curriculum for Mathematics by enabling pupils to use percentages and proportion to calculate simple interest, compare the total cost of borrowing versus saving, and interpret financial data in practical contexts. Pupils analyse repayment amounts, evaluate percentage increases due to interest, and reason mathematically about how debt grows over time.
This lesson supports PSHE by helping pupils understand the risks associated with money management, debt and financial decision making. Pupils explore when borrowing may be necessary and when it becomes harmful, recognise how interest and minimum repayments can cause debt to grow, and develop strategies to assess risk, avoid financial traps and make informed long term financial choices.