Financial Wellness Workshop - Consumer Borrowing and Credit Card Responsibility

Learn how to borrow responsibly!  In this course, you will learn the basics of borrowing – starting with how credit and debt affect your ability to borrow.  We’ll also examine the difference between good debt and bad debt, explore strategies for using credit effectively, and teach you how to parse loan terminology.  We’ll also teach you how to calculate your debt-to-income ratio, highlight the warning signs of excessive debt, and empower you to take a proactive role in monitoring and managing your credit.

Credit card ownership comes with great responsibility.  In this workshop, we’ll help you determine when you might need a credit card and help you assess whether you’re ready to take on a line of credit.  You’ll explore how credit cards work, and become familiar with credit card terminology to help you evaluate potential offers.  We’ll also walk you through strategies for managing your credit cards and share tools to help you determine a timeline for paying off credit card debt.  Finally, we’ll discuss the risks involved in opening a credit card, the effect your credit use has on your credit score, and how to
recognize excessive debt.