Attention: Money 101 will no longer be available after May 31, 2021. After that time the Enrich financial literacy tool will be available at https://cwdc.enrich.org moving forward.
If you have ever taken out a loan to buy something—a car, for example—you were given credit. Credit means you are using someone else’s money to pay for things. It also means you are making a promise to repay the money (the loan) to the person or company that loaned you the money (the creditor or lender). You’ll almost always be agreeing to pay interest as well – which is a percentage of the loan that the lender charges the borrower for the money that they are providing you to spend.
One definition of health is managing your lifestyle so that you avoid as many causes of disease as possible. Likewise, financial health is managing your finances and credit so that you avoid excessive debt. We cannot avoid all disease, nor can we avoid ever using credit, but we can avoid borrowing excessively. The key to financial health is to learn to understand how credit works and how to use credit for positive purposes. We’ll be exploring this world of loans, debts, credit cards, and consumer protections by examining the following objectives.
Our Credit course was developed in partnership with the Colorado Financial Planning Association, incorporating information from the Council for Economic Education.
Here's an outline of what we will cover in this course:
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