Credit is an important financial tool, but understanding how to use it responsibly can have a lasting impact on your financial future. This session explores the fundamentals of credit and debit, providing an overview of how credit works, how credit scores are calculated, and why strong credit can play a key role in achieving major financial goals. Through practical examples and relatable scenarios, the discussion examines concepts such as payment history, credit utilization, interest rates, borrowing costs, and the long-term implications of carrying debt.
The session also highlights strategies for building and maintaining good credit, choosing and using credit cards wisely, evaluating rewards programs, and avoiding common borrowing pitfalls. Additional topics include credit monitoring, fraud and identity theft protection, buy now, pay later services, and the role of credit within a broader budgeting and cash flow strategy. Throughout the presentation, the speakers reinforce the importance of developing consistent financial habits, including paying balances on time, managing spending responsibly, and maintaining an emergency fund.
Whether you're establishing credit for the first time, working to strengthen your credit profile, or looking to better understand how borrowing decisions can affect your financial future, the concepts covered in this session are designed to help you make informed financial decisions with greater confidence