Financial literacy is the ability to understand and use financial skills, such as responsible money management, budgeting, saving, and investing for the future.
Let’s take a deeper look at Financial Literacy Month, and ways to become more financially literate. This way, we can manage our money responsibly all year long.
Why is financial literacy important?
Being financially literate is the first step in being financially fit. Consider these facts:
Arming yourself with financial literacy is a crucial part of responsible money management and a financially fit life.
How financial literacy month is observed
During Financial Literacy Month, financial institutions, nonprofits, and human service agencies increase their focus on the importance of financial literacy through events, programs, and counseling. Find out which programs and events are available to you so you can take advantage of these opportunities.
First, reach out to your state’s department of finance, banking, or consumer affairs. Ask about possible programs for Financial Literacy Month. You can find a full list of these state departments here.
Next, ask a member service representative at Stark FCU about the financial literacy events they have planned for the month of April. [At credit_union], we will be hosting/offering…]
Finally, check out your local library to see what it has planned for Financial Literacy Month. Many libraries offer activities, lectures, and workshops on financial topics, like debt and credit management, for promoting financial education during the month of April.
How to observe Financial Literacy Month at home
There’s no need to depend on an outside program – you can observe Financial Literacy Month at home:
Get financially literate this month, and make better money decisions all year long.
Your Turn: How will you observe Financial Literacy Month? Tell us about it in the comments.
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