Course Description
Financial Literacy means the capability to make effective decisions regarding the use of money. A financially literate individual is able to make intelligent judgments and take effective choices regarding the usage and management of money. It is the ability to understand and properly apply financial management skills. The aim of the Personal Credit module is to make knowledge about this topic more accessible to young women. Credit is part of a person’s financial power. It enables people to get the things they need now, like a loan for a car or a credit card, based on their promise to pay it back later. Working to improve a person’s credit helps ensure that they will qualify for loans when they need them. This part of the course will enhance the participant’s knowledge in regards to understanding personal credit, the importance of having a good credit score, the differences between good and bad credit, as well as, the benefits and risks of using a personal credit.
