Financing for a Car: Loan vs saving decision-making
Topic Based Activity - Topics: Financial Literacy, Loan, Saving, Decision Making
Description: Students will decide between taking a loan from their parents or saving on their own to pay in full to finance the purchase of a car of $10,000.
By completing this activity, students will develop a sound understanding of key financial concepts, including loans, interest rates, monthly repayments, savings, and minimum wage. They will analyse the information provided and apply critical thinking to make an informed financial decision.
What You Get:
Teacher Notes
Presentation Slides
Financing for a Car: Loan vs saving decision-making
Topic Based Activity - Topics: Financial Literacy, Loan, Saving, Decision Making
Description: Students will decide between taking a loan from their parents or saving on their own to pay in full to finance the purchase of a car of $10,000.
By completing this activity, students will develop a sound understanding of key financial concepts, including loans, interest rates, monthly repayments, savings, and minimum wage. They will analyse the information provided and apply critical thinking to make an informed financial decision.
What You Get:
Teacher Notes
Presentation Slides
