The month of April has been declared National Financial Literacy Month. Majority of consumers today experience financial difficulty of some sort, which has a significant impact in their everyday lives. According to financialliteracymonth.com, created by the experts at Money Management International(MMI),
“Americans carry more than $2 trillion in consumer debt and 30% of consumers report having no extra cash; making it impossible to escape the burden of living paycheck to paycheck.”
Some tools for success when it comes to financial literacy may be:
-Income worksheets
-To help determine the amount of money you can realistically count on
-Free Webinars
-To help craft your path to financial literacy via topics and discussions such as goal setting, credit reporting, debt repayment and budgeting
-Net Work Worksheet
-To help compare what you owe vs what you own
-Financial Priorities Worksheets
-Establishes a need vs wants list to help prioritize finances
I agree with the MMI that regardless of the day or month of the year you begin, you make a commitment to your financial future and take your fist step. I recognized that I myself can learn more about financial literacy. Financialliteracymonth.com has a 30-step path that I’ll consider, with the first step of making the simple commitment to change and taking a pledge that emphasizes the will, readiness, and the capacity to take financial responsibility.