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GetSet · Money Matters · Session 8

Why Does Borrowing Money Cost More over Time?

Three people borrow the same £500 — but one pays back far more than the others. Why? This session reveals how interest and time quietly inflate the cost of borrowing, and why the length of a loan matters as much as the rate. See it once, and you’ll borrow smarter for life.

What is Borrowing?
Identify the main reasons people borrow money and distinguish between different types of borrowing.
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Understanding Interest Rates
Your dream home starts with knowing how interest rates work — and how to plan for them with confidence.
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Borrowers Minigame

Borrowers Minigame

Test your borrowing know how with this fun crossword

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Extension 1. The Town That Spent Tomorrow
A whole city rose from the Nevada desert in barely a year — banks, an opera house, three railroads — built not with money it had, but with money it borrowed against gold not yet dug from the ground. Ten years later it was a ghost town. Discover what went wrong.
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Extension 2. The Man Who Tricked A Nation
After the Great War, Germany had massive debts and its economy was in crisis. Discover how financial misfortune opened the door to facism and the worst dictator in history.
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