March Newsletter

• Word of the Week

• Credit is a financial tool that allows you to borrow money now and repay it later, often with interest. Building good credit is important because it helps you qualify for loans, secure lower interest rates, and even impact opportunities like renting an apartment or getting a job.

• Question of the Week

  • Q: What’s the average credit score for Gen Z?

  • A: 681 (Fortune via Yahoo Finance)

• Money Ideas

  • Credit isn’t just about borrowing—it’s a powerful financial tool when used wisely. By leveraging credit strategically, you can create opportunities that help you grow financially. Here’s how:

    • Build and Improve Credit for Better Opportunities – A strong credit history opens doors to better loan rates, higher credit limits, and even job and rental opportunities. Pay on time and keep balances low to maintain a healthy score.

    • Invest in Income-Generating Assets – Using credit to invest in assets like rental properties, dividend stocks, or a side hustle can help you build wealth over time. Just ensure your return outweighs the cost of borrowing.

    • Start or Expand a Business – Business credit lines or small business loans can provide the capital needed to launch or scale a venture, increasing your income potential.

    • Use Credit Card Rewards & Perks – Responsible credit card use can earn you cash back, travel rewards, and other perks that reduce expenses or create financial flexibility.

    • Leverage Balance Transfers & Low-Interest Loans – Transferring high-interest debt to lower-rate options can save money and help you pay off debt faster, freeing up cash for financial growth.

    • Finance Education & Skill Development – Investing in education, certifications, or skills training can increase your earning potential, making strategic borrowing a smart long-term move.

    • Used wisely, credit can be a stepping stone to financial success—just be sure to manage it responsibly to maximize benefits without falling into unnecessary debt.

• Gig Work Ideas

  • Data Entry

• Word of the Week

• Financial Related Events

March

• • • Spring Break (March 21-30)

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• • All events are located on Eagle Connect. You might need to be signed in to view some details.

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