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Money basics

Lesson 15 · Written for kid, teen, and little

Money and Friends

Clear rules before you lend keep friendships from getting awkward.

The idea

Lending money to a friend means they use your money now and promise to give it back later. The tricky part is that money and friendship get tangled together, so if the payback is late, both people can start to feel awkward. Agreeing on the amount and the payback day BEFORE you lend keeps everything clear. A good rule many people use is to only lend what you'd be okay never getting back. 🤝

A

Words to know

5

Lend

To let someone use your money and expect it back. Handing a friend $5 for lunch on Monday.

Borrow

To use someone else's money and promise to return it. You are the one who owes the $5.

Loan

Money that was lent and still needs to be paid back. That $5 is a loan until Friday.

Pay back

To return the money you borrowed, like you promised.

Gift

Money you give with no payback expected at all. Saying "keep it" turns the $5 loan into a gift.

Try it — no accountTrue or false

Swipe true or false about lending to friends.

Card 1 of 4

There is always a chance a loan to a friend doesn't get paid back.

Swipe the card — or tap.

In the full lesson

  1. 1True or false
  2. 2Work out the number
  3. 3Make the call

Vine has 107 lessons like this one, each written three ways so a 7-year-old and a 17-year-old both get a version that fits.

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