Borrowing is taking money from someone for a specific purpose or an unforeseen event, with a promise to pay back. This repayment to the lender usually happens over time, and you have to pay a little extra money – called interest.

For more information, please visit: What is a Loan? A Simple Explanation of Borrowing for Kids, Teens and Beginners

Easy Peasy Finance for Kids and Beginners
Easy Peasy Finance is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to

Leave a Comment

Start Now - It's Completely Free!

No spam guarantee - You can unsubscribe at any time.

Become Financially Successful

Get our free email course, which includes:

Copy link
Powered by Social Snap