Skip to main content
Find Branch/ATM
 
 

Financial Education Focus: Borrowing

 

This spring, SASCU’s financial education focus is on understanding borrowing. Whether your kids are just learning what it means to borrow money or your teens are starting to think about loans and credit, the core message stays the same: learn how borrowing works so you can make confident choices. 

This focus highlights age-appropriate resources to help build confidence, encourage thoughtful decision-making, and support healthy money habits for the future.


, opens in a new tab
 


Youth Resources (Ages 7-12)

Borrowing Money

When kids start to learn about borrowing money, they begin to understand that money isn’t always free and that it comes with responsibility. This helps them make more thoughtful choices about spending and planning ahead. 

Learning about borrowing also helps kids understand the difference between things they need and things they want, and why it can be better to wait and save instead of borrowing. 

This section introduces younger learners to what it means to borrow money, how it works, and why it can cost more over time. 


What kids will learn: 

  • What borrowing money means 
  • Why borrowing money costs extra (interest)
  • The difference between needs and wants
  • Why it can be better to wait and save
  • Simple ways to avoid borrowing, like planning ahead or saving
An easy-to-understand introduction to borrowing and the reasons people borrow money.

Borrowing Money Article and Worksheet

Read the article together and talk about how borrowing money works.

To book a workshop, please email community@sascu.com. 

Workshops are available for non-profits, community organizations and schools.
 


Youth Resources (Ages 13-17)

Loan Basics

As teens start thinking about bigger purchases, education, and future goals, understanding how borrowing works becomes more important. Learning about loans early helps them make informed decisions and avoid costly mistakes. 

Building awareness of things like credit scores, interest rates, and repayment expectations helps teens feel more confident and prepared when the time comes to borrow money. 

This section introduces older learners to the basics of loans, how they work, and what to consider before borrowing. 


What teens will learn:  

  • What a loan is and how it works
  • How interest and borrowing costs add up over time
  • Why credit scores matter
  • How to understand loan terms like interest rate, and repayment
  • Why it’s important to have a budget before borrowing
  • How to make informed and responsible borrowing decisions 

An easy-to-understand introduction to loan basics and the process to find the right loan.

Borrowing Money Article and Worksheet

Read the article together and talk about how loans work.

To book a workshop, please email community@sascu.com. 

Workshops are available for non-profits, community organizations and schools.
 
 
                   

 

We're here to help

every step of the way.

 

colphone.svg

Call us

250-832-8011

Mon to Fri 8 am - 8 pm
Sat 8 am - 4 pm

colphone.svg

Find us

Locate branches & ATMs

colphone.svg

Meet us

Book an appointment

colphone.svg

Email us

info@sascu.com

 
Select Image
 

About

Community

Tools & Resources

Calculators

Rates

FAQs

Policies

Privacy

Legal

Accessibility

Security

Bank on the go

 
Image Alt Text
                        

 

 
 
© Salmon Arm Savings and Credit Union. All rights reserved.