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House is a place where we can get far away from the storm, cold and danger, and it also means sweet home. So we use a lot of money to decorate our house to make it cozy.

Car is not only to make us convenient, but a symbol of status. Men pursue fancy cars just like their girlfriends.

clothing

food

house

transportation

If you don’t have enough money to own these items, what will you do?

If you were the boy, what would you do? Saving or borrowing?

Unit 3 Borrowing Money

Reading & Writing

Learning Aims:

◆ To learn about the reasons for borrowing money

◆ To figure out the advantages and disadvantages of borrowing money

◆ To learn the requirements for getting a loan

◆ To learn about approaches to applying for a loan

Part 1 Introduction

Q1: What are the two factors that lead to an increasing use of borrowed money?

①the general demands of consumers to own modern products

②the ready availability of credit

(skimming)

Part2 Reasons for borrowing

Q1: In this part ,three reasons for borrowing to consume are mentioned, what are the reasons?

①Consumers want an item now rather than in the future.

②Changing circumstances.

③Borrowing money can force some people to put aside part of income to pay off the loan.