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Chalkboard with Financial Literacy written on it

April is Financial Literacy Month

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:

  • Personal finance is the number one topic of argument within a marriage.
  • Parents rank teaching financial responsibility to their children near the top of their parenting wish list. 
  • Only a handful of states require high school students to take a personal finance course before graduation.
  • Poor financial literacy leads to poor decision-making, which leads to poor behavior, thus limiting the household’s ability to reach its financial goals.

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:

  • Make financial literacy the topic of your book club. Choose a book related to money and talk about it at your virtual or in-person book club. 
  • Research one personal finance question each day. Look up the answer to one personal finance question each day of April, and at the end of the month, you’ll have amassed a ton of financial knowledge. 
  • Start reading a financial blog. There’s no shortage of blogs exploring financial topics. Browse through the most popular to find the blog that best speaks to you. 
  • Commit to a new financial goal. Financial literacy is all about using your knowledge to make better financial decisions. Use the opportunity of this month to commit to one financial goal in an area you find challenging. Choose your goal and make it happen!

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.

Stark Federal Credit Union
NCUA

Dressler Branch
4100 Dressler Rd. NW
Canton, OH 44718
Office: 330.493.8325
Fax: 330.493.8328

Loan Dept.: 330.493.7602
Loan Dept. Fax: 330.493.1619

Mon. - Fri.
9:00 a.m. - 5:30 p.m.
Sat. 9:00 a.m. - Noon
(Drive-up only)

Cleveland Ave. Branch
3426 Cleveland Ave. NW
Canton, OH 44709
Office: 330.493.8326
Fax: 330.493.8941

Mon. - Fri.
9:00 a.m. - 5:30 p.m.
Sat. 9:00 a.m. - Noon

Alliance Branch
1281 S. Sawburg Ave.
Alliance, OH 44601
Office: 330.821.7225
Fax: 330.821.2004

Mon. - Fri.
9:00 a.m. - 5:30 p.m.
Sat. 9:00 a.m. - Noon

Minerva Area Federal CU Shared Branch
(Cash and deposits only)
3570 Union Ave. SE
Minerva, OH 44657

Mon., Tues, Thurs.
9:00 a.m. - 5:00 p.m.
Wed. 9:00 a.m. - 1:00 p.m.
Fri. 9:00 a.m. - 5:00 p.m.

Routing Number
241274598

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Stark Federal Credit Union
All rights reserved.

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