Secondary PSHE - Borrowing

The video discusses the concept of credit, highlighting both its benefits and risks. It explains how credit allows for purchases without immediate payment but warns of the dangers of debt if not managed properly. The speaker emphasizes the importance of understanding financial obligations, managing debt, and spending wisely to avoid financial instability and stress.

What are the potential risks associated with using credit cards?

What factors should one consider before taking out a loan?

In what ways can excessive spending lead to debt?

How can borrowing money lead to financial instability?

What strategies can individuals use to manage their finances effectively?