Part 6 Review Questions

  1. Question

    What do you think are the advantages and disadvantages of borrowing money?

  2. Question

    What goals do you have that might require you to borrow money?

  3. Question

    Briefly describe the different kinds of student loans. How can you be sure you don’t borrow more than you can comfortably pay back, taking other lifetime financial burdens (such as buying a home or car, having children, etc.) into consideration?

  4. Question

    What are some important rules to remember when it comes to managing a credit card the right way?

  5. Question

    Why should credit cards and loans never be viewed as “free money”?

Project

Come up with five questions to ask when you are comparing different kinds of loans or credit. For example, one question can be “What is my minimum monthly payment?”