Скачать или смотреть Why Banks Are Basically Renting Your Money

Why does that £800 phone sometimes end up costing over £1,000 when you pay it off slowly? In this episode, Brian and Rachel explain INTEREST in under a minute—using a simple “rent for money” story families can remember and reuse.

You will learn:

What interest really is when you BORROW vs when you SAVE

How a small interest rate can quietly grow the total cost over time

The golden rule: LOW interest when borrowing, HIGH interest when saving

Why checking the APR matters before you sign anything

This short lesson is perfect for:

Parents teaching kids about loans, phone contracts, or credit

Families talking about savings accounts and making money “work while you sleep”

Classrooms introducing the basics of interest and smart borrowing

SEARCHABLE TIMESTAMPS: 0:00 - Intro 0:03 - Why borrowing costs money 0:08 - The £1,000 Phone Ouch! 0:20 - The Money Rental House Analogy 0:33 - The Golden Rule: Borrowing vs Saving 0:40 - Why you MUST check the APR 0:45 - Family Discussion Question

FAMILY DISCUSSION PROMPT: Ask your child: “If we bought something over time instead of all at once, what extra might we have to pay?” Then look at a real interest rate together on a bill, loan, or savings account.

▶️ WATCH THE FULL SERIES: Tiny Mic, Big Wisdom: Financial Literacy    • Tiny Mic, Big Wisdom: Financial Literacy  

🎙️ Listen to the deeper dive on our Podcast: Tiny Mic Big Wisdom Podcast on Spotify: https://open.spotify.com/show/3PKbvmC...

🔔 𝗦𝗨𝗕𝗦𝗖𝗥𝗜𝗕𝗘 & 𝗙𝗢𝗟𝗟𝗢𝗪:

YouTube:    / @tinymicbigwisdom  
TikTok:   / tinymicbigwisdom​  
Instagram:   / tinymicbigwisdom​  
Facebook:   / ​  

🌐 Website: https://www.tinymicbigwisdom.com​


Follow Tiny Mic Big Wisdom for more cultural insights!

#TinyMicBigWisdom #FinancialLiteracyForKids #InterestRates #FamilyFinance #KidsAndMoney #MoneyEducation #FinancialConfidence #SmartSaving #DebtFree #APR