Borrowing can be defined as receiving money from another party with the agreement that the money will be repaid. When you borrow money, you will usually pay interest on top of the borrowed amount. This module outlines the basics of borrowing and some things to look out for.
This module covers:
the basics of borrowing
the three steps to smart borrowing
who will be responsible for a debt when borrowing with a partner, and
the differences between positive and negative gearing.
