Managing Credit and Debt Responsibly
The session aims to equip attendees with a strong understanding of the importance of credit and debt management in today’s world, given the ease with which credit can be obtained.
The session will provide participants with the knowledge and skills necessary to make informed decisions about credit and debt, such as understanding credit scores, setting and sticking to a budget, and avoiding a cycle of debt.
- The difference between good and bad debt
- The importance of credit scores and how to improve them
- How to budget and save for large purchases
- The consequences of not paying debts on time
- Strategies for paying off debt and improving credit
- Lecture and discussion
- Interactive exercises and group activities
By the end of this session, attendees will be equipped with a greater understanding of responsible credit and debt management. They will have gained insight into the significance of maintaining a favorable credit score, setting and adhering to a budget, and avoiding the pitfalls of excessive debt.
By applying these concepts, participants will be empowered to make informed financial choices that will result in long-term financial stability and success.