How to illustrate how a loan works to children?
I need to illustrate how loans work, using props/physical demonstrations to kids contained by the 8th grade. I want to know how to show that you have to payment them back and they are not other a good perception. Thanks for the help!Answers: Having worked as a loan officer and as a trainer you can try using Monopoly money as a prop and then find the student beside the best coat. Discuss buying the coat from that student at a price of 500. You as the buyer do not have satisfactory money, say merely 100, you go to a lender/bank to borrow the remaining 400. Explain to the class that the lender charges a excise called interest on the amount of money you borrow. In this valise say 100. Also explain that the lender will use the coat as collateral should you be incompetent to pay posterior the loan in a specified amount of time. For what ever principle you are not able to payment the 500 back so presently the lender/bank takes the coat from you. The lender/bank next sells the coat for 200. Now you still owe the lender/bank for the difference between what the lender/bank sold the coat for and the amount you owe the lender/bank contained by this case 300. As a constituent of this you will not be able to borrow any more money until you payback what you currently owe.
stop by dave ramsey.com so they can learn debt is the latest slavery
and how not to become a debt slave.
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Hi
Anyone has a clue how to make payment to HMRC without having a business bank account?
Answers: You can take your demand to the post office and pay it there.
You can pay at the post office (if you can find one) with cash or debit card
You can use another bankaccount (of course, make sure that they know about it - otherwise you might be done for tax evasion - thats how they got Ken Dodd!), and send a cheque from that one
Log onto their website and pay on there using a debit or credit card from another account. I even saw a prepaid maestro card in the shop - buy one of them, top it up and use that (if it willwork)
I wouldn't pay at a tax office, very few have banking facilities now, and payments have to be sent on.
You can send a cheque by post from any bank account with your payslip (that is important, otherwise payments may not be identified) to the relevant Collector at Shipley or Cumbernauld, whichever is on your payslip. You could use a relative or friend's account for this, reimbursing them however suits you
Probably the easiest way is to pay via Giro by visiting your bank or Post Office. You can pay by cheque or cash, over the counter.
Depending what your payment is for, you may be able to pay on-line, I would need more info on this.
Any cheque is acceptable, it doesn't have to be from a business account. You can pay by Postal Order, but that costs.