Personal Finance & School children Part 14

“Money Magic Moves to Class 7 – The Borrowing Game”

A new academic year had begun, and the familiar faces of last year’s Class 6 students now filled the Class 7 room. Their excitement was obvious money magic was returning! But this time, it wasn’t just Mr. Raj at the door. Standing beside him was Ms. Deepa, smiling warmly.

“Good morning, everyone!” said Mr. Raj. “You all remember Ms. Deepa, don’t you?”

“How could we forget!” Aryan exclaimed. “She taught us in Class 5!”

Ms. Deepa laughed. “Yes, and I’ve heard about all your adventures banks, profits, competition, even advertising. You’ve come a long way! Mr. Raj and I will be teaching you together this year. Two magicians instead of one.”

The class erupted in cheers.

Mr. Raj began, “Today, let’s return to something you learned a while ago, borrowing and lending. But this time, we’ll see how it works in the real world, especially for businesses.”

He placed a large chart on the board titled ‘The Borrowing Game.’ Neha, the college student who had helped earlier, was also back to assist. She handed out play money and colourful slips that read Bank, Business, Borrower, and Lender.

“Each group,” explained Ms. Deepa, “will start a small business like a bakery, toy shop, or cycle repair shop. But you don’t have enough money to start. So, you must borrow wisely. You can go to the ‘bank’ or find an investor. But remember, every loan has interest!”

The room buzzed with activity. Meera’s team borrowed from the class “bank” to open a toy shop. Riya’s group borrowed less and started a snack stall. Aryan’s team tried a mix - part bank loan, part investment from classmates.

After a while, the “businesses” started running. Some made profits and repaid their loans easily. Others struggled and realised they had borrowed too much.

Mr. Raj guided them, “See? Borrowing helps you grow, but only if you can repay on time. Too much borrowing without planning can become a trap.”

Ms. Deepa added, “And if you lend, choose carefully. Always know who you’re lending to and when you’ll get it back.”

At the end, Neha tallied the results on the board, who gained, who lost, and who managed best.

“Wonderful job,” said Mr. Raj. “Today, you’ve learnt not just about money, but about judgment. In the real world, borrowing and lending are built on trust.”

As the bell rang, Ms. Deepa concluded, “Next time, we’ll explore another big idea how trust builds credit and reputation. Because in money magic, character matters just as much as coins.”

The students left smiling ready for the next spell in their growing world of wisdom.

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