Suggested resources No/low interest loans: Credit, loans, you and community After completing the above research activity, assist your students to consider and discuss the following questions: What is their experience or understanding of credit or loans? Do they know people who have borrowed money? If so could/did they pay it back? (See note below) What sorts of things have community members bought with credit or loans? What happens if people cannot pay back the money that they have borrowed? What issues do Aboriginal and Torres Strait Islander communities face in relation to credit or What are the experiences of credit and loans within your community? (See note below) List the pros (positives) and the cons (negatives) of credit borrowing and lending money? – can you go to get trusted information and advice about credit, loans and managing debt? Note: Exercise care and caution here and discuss in general so no personal or sensitive information is disclosed in this public forum. Activity 3 - Moola Talk and No Free Money comics As a read the comics (see links below) and identify the issues they describe. Discuss the following with your students: What could they do to avoid the situations described in the comic. (Borrowing money to buy an unreliable car, signing a contract without reading it, giving your credit card PIN to someone else)? Who would they ask for advice? Comics - Moola Talk & No Free Money Comic style booklets which raise awareness of a number of issues faced by some Aboriginal and Torres Strait Islander communities. The comics are also available as videos: Moola Talk - No Free Moola - Activity 4 - Take a Minute with your Money - video series The videos below also address financial issues faced by some Aboriginal and Torres Strait Islander communities. They can be used to facilitate more discussion about credit and loans. The videos are: Buying a car - - Book-up Rent vs Buy - Non- YouTube versions available at:
Suggested resources No/low interest loans: Credit, loans, you and community After completing the above research activity, assist your students to consider and discuss the following questions: What is their experience or understanding of credit or loans? Do they know people who have borrowed money? If so could/did they pay it back? (See note below) What sorts of things have community members bought with credit or loans? What happens if people cannot pay back the money that they have borrowed? What issues do Aboriginal and Torres Strait Islander communities face in relation to credit or What are the experiences of credit and loans within your community? (See note below) List the pros (positives) and the cons (negatives) of credit – borrowing and lending money? can you go to get trusted information and advice about credit, loans and managing debt? Note: Exercise care and caution here and discuss in general so no personal or sensitive information is disclosed in this public forum. Activity 3 - Moola Talk and No Free Money comics As a read the comics (see links below) and identify the issues they describe. Discuss the following with your students: What could they do to avoid the situations described in the comic. (Borrowing money to buy an unreliable car, signing a contract without reading it, giving your credit card PIN to someone else)? Who would they ask for advice? Comics - Moola Talk & No Free Money Comic style booklets which raise awareness of a number of issues faced by some Aboriginal and Torres Strait Islander communities. The comics are also available as videos: Moola Talk - No Free Moola - Activity 4 - Take a Minute with your Money - video series The videos below also address financial issues faced by some Aboriginal and Torres Strait Islander communities. They can be used to facilitate more discussion about credit and loans. The videos are: Buying a car - Book-up - Rent vs Buy - Non- YouTube versions available at:
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