Financial Literacy Workshop

20151205_113342-1-1-1I’m so thankful I had the opportunity to attend the #PushMoneyMatters workshop yesterday. I arrived early, and took part in the morning forum led by Reverend Jesse Jackson Sr. Corey Mays gave an uplifting speech highlighting his transition from a professional NFL linebacker to Angel Investing, Economic Development, and Sports Journalism.
MoneyMatters_CHI_Gail_1205C_1080x1080_v1Mr. Cheeks kicked off the workshop by debunking credit myths. We walked away understanding interest, APR, compounding, soft inquiries, hard inquiries, and credit reports. He even walked us through examples of how late payments, and bankruptcy effect our credit score. 

20151205_113602-1-1Credit Facts

  • When you marry, your credit report stays the same unless you open join accounts or become an authorized user. 
  • Pre-approved offers don’t impact your credit score negatively.
  • Debit cards are convenient but they do no build credit.
  • Store cards usually have higher interest rates and lower limits than general purpose credit cards.
  • If you utilize more than 30% of the credit limit available, your credit score will be downgraded.

MoneyMatters_CHI_Bill_1205B_1024x1024_v1I am still in awe of the fact that this workshop was made available to the community free of charge thanks to Chevrolet and Rainbow Push Coalition. It was wonderful to see a room filled with multiple generations all pushing towards financial literacy. I especially take pleasure in knowing the next generation is better equipped to #FindNewRoads to navigate the world of finance. 
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As always thank you for reading, commenting, and liking!

With LOVE,

Dāsha

     

P.S. This post was sponsored by Chevrolet, and the Rainbow Push Coalition. However, all opinions are my own.

11 Comments Add yours

  1. Cia says:

    I loved the credit portion of the event. I learned so much. It was nice meeting you in person as well. 🙂

    1. Dāsha says:

      IKR, it was such a great opportunity and a pleasure meeting you 😄

  2. Paige says:

    I’m so glad that we got to attend this event. So much great info for FREE! 🙂

    -Paige

  3. This was a great event! I”m happy that we all took away some great tips on how to better our financial situation.

    1. Dāsha says:

      You and me both; it was great to meet you! 😄

  4. Rica@ Yoga Mat Monkey says:

    Lots of good info here — much needed for a word girl like me who isn’t so good with numbers!

    1. Dāsha says:

      No matter the skill level basic tips can be put intro place and if you need more a session with a financial advisor can be obtained for add little as $40

  5. Brittany says:

    Thanks for the tips! I shared this on Pinterest 🙂

    1. Dāsha says:

      You’re very welcome; thank you for sharing the content😉

  6. Michelle says:

    Very informative I would like to hear more.

    1. Dāsha says:

      Great, use the pink link above to head over to their site. A portion was recorded.

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