It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.

1. “Your logo could be here instead!”
CREDIT UNION
YOUR
BROUGHT TO YOU BY
BORROWING MONEY

2. Borrowing money allows you to
buy something now and pay for it later
SOMEDAY

3. There are
different ways to
borrow money:
Credit Cards
Loans

4. Which option do you think costs more?
Borrowing
money to buy
something
Saving up to buy
something with
your own money

5. Which option do you think costs more?
Borrowing
money to buy
something
Saving up to buy
something with
your own money

6. Borrowing money costs you more
because of interest.

7. What is
INTEREST?

8. Interest is the price you pay
for using someone else’s money.

9. EXAMPLE
You want to borrow $100 from the bank or
credit union in order to buy a new laptop now.

10. The bank or credit union will lend you the money
if you agree to pay $20 in interest.
We will
charge you
$20 interest,
OK?
OK!
EXAMPLE

11. You agree to pay $20 in interest, the bank or
credit union lends you money and you buy the laptop.
$100
EXAMPLE

12. When it’s time to repay the loan, you owe the
bank or credit union $100 plus $20 interest.
$100
$120
EXAMPLE

13. You repay the bank or credit union more money
than you borrowed in the first place.
$100
$120
EXAMPLE

14. Why do people
BORROW MONEY?

15. They don’t want
to wait to buy
something
They need help
buying something
really big
There is an
emergency they did
not save money for

16. People often borrow money
to help pay for these items—
what do these items have in
common?

17. You can save up for these items
yourself, but it would probably
take a very long time.

18. By borrowing money, you can
start using what you buy
(while you’re still paying for it).

19. Repaying
BORROWED MONEY

20. WHEN YOU REPAY
AS PROMISED:
• You build a good
reputation (“good credit”)
• The bank or credit union
is likely to lend you money
in the future

21. WHEN YOU DO NOT
REPAY AS PROMISED:
• You build a bad reputation
(“bad credit”)
• The bank or credit union
may charge you more
interest
• The bank or credit union
may refuse to lend you
money in the future

22. ASK YOURSELF:
What can you start doing today
to avoid the need to borrow money
in the future?

23. “Your logo could be here instead!”
CREDIT UNION
YOUR
BROUGHT TO YOU BY
It’s a Money Thing is a registered trademark of Currency Marketing