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. At County Federal, we know that taking care of your finances can heavily influence the quality of life you live. That's why we are proud to provide Financial Fitness Center - a fast and interactive way for our members to easily understand their money matters. So go ahead, dive into these modules and make progress on providing yourself with financial wellness this Financial Literacy Month. Not to mention, we understand that timing is everything, and that’s why County Federal is providing online webinars this month and throughout the year so that members can conveniently learn about financial topics, from loan solutions to debt consolidating and more.

How to 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.

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Content Source: CUContent