April is Financial Literacy Month! This is a national collective effort to raise awareness about the importance of financial literacy and the need for effective financial education. B
What is financial literacy?
According to Investopedia Financial Literacy is the ability to understand and effectively use various financial skills such as:
How can you help celebrate this conversation?
- Start by having money conversations with your friends and family. There’s a HUGE stigma about money conversation, both positive and negative. The more we talk about money, the sooner these conversations will be normalized.
- If you have children in school, ask their teachers if they offer any personal finance classes to help your child learn these invaluable life lessons. The sooner they know about budgeting, how credit cards work, the better of they will be.
- Volunteer in your community. If you are a personal finance enthusiast, coach, or simply a parent who understands personal finance, your community needs you. Volunteer at least one hour a month to teach others.
This financial literacy month, commit to teaching your loved ones about money.