As NZ Money Week continues, we discuss this year’s theme of debt through the eyes of tomorrow. We’ve created the ASB Getwise – Debt Escape game, an educational exercise involving 8 teams of six intermediate-aged students from schools across Auckland. Teams were asked to hunt for clues, solve mathematical puzzles and use their best ASB GetWise knowledge to help grandma escape debt in an especially-developed Escapade NZ game.
We encourage kids of this age to think about debt, and about how to plan to pay it back, as well as getting in the habit of saving for things they want to buy. We spoke to a few young people at the escape game about their understanding of debt, and here’s what they had to say :)
"If you run out of money, there’s something there that can help you, but you need to pay it back.”
"Before you ask for money from the bank, you need to have a good reason why you want to borrow.”
"You could borrow money to help pay for the train or bus so you can get to work.”
“It’s important to stay in school and get a good education so you can pay your bills.”
"It’s not good to borrow money for parties or junk food.”