CREDIT CARD COURSE

Gain access to 2 hours of invaluable video content and a detailed rate sheet that takes the guesswork out of your payments. Stay on track and manage your finances with ease!

All of this for a one-time investment of just J$15,000. Don’t wait—take control of your financial future today! 

Course Outline: Credit Card Management and Payoff Strategies

I. Introduction

- A. Welcome and Objectives

- B. Introduce the Trainer: Tagene Brown-McBean, Your Money Coach

- Background in Banking (18 years)

- Author of "Money Moves That Matter"

- Founder of Money Coaching Services

II. Understanding Credit Cards

- A. Definition of Credit Card vs. Debit Card

- Borrowing vs. Utilizing Personal Funds

- B. Mechanics of How Credit Cards Work

- Credit Limits, Billing Statements, and Payment Terms

III. Payment Options

- A. Minimum Payments

- Definition and Implications 

- B. Intermediate Payments

- Balancing Interest and Debt Reduction

- C. Full Balance Payments

- Advantages of Paying in Full

IV. Understanding Fees and Charges

- A. Annual Membership Fees

- B. Interest Rates and Default APR

- Consequences of Late Payments

- C. Finance Charges Explained

- D. Late Payment Fees

- Impact of Paying Below Minimum Payment

V. Impacts of Minimum Payments

- A. Long-term Financial Effects

- B. Real-Life Illustrations

- Example Calculations of Payment Duration and Costs

VI. Strategies for Paying Off Credit Cards

- A. Options When Full Balance Can't Be Paid

- Loans for Debt Repayment

- B. Budgeting for Intermediate Payments

- C. The Importance of Not Using the Card While Paying Off Debt

VII. Tools for Managing Credit Card Debt

- A. Calculation Examples

- Incremental Balances (100k, 200k, etc.)

- Monthly Payment Adjustments for Debt Payoff

- B. Creating a Cheat Sheet for Quick Reference

- C. Using a Tracking Spreadsheet for Payments

This course aims to provide students with a comprehensive knowledge about credit card management, enhance their understanding of fees and penalties, and equip them with strategic approaches for paying off credit card debt effectively.