April is National Financial Literacy Month! Here are a few ways to celebrate:
Read a book. There are plenty of books on finances and many are written for those who have zero or very little knowledge on the financial world. For suggested reading, check out this short list put together by the Wall Street Journal.
Calculate your personal net worth. A good way to gauge your financial health is to figure out your net worth, i.e., the value of all your assets minus your liabilities. Knowing your net worth can help you prioritize goals and set realistic budgets. Speaking of which…
Create a budget. Or, if you already have a budget, review how you’ve been doing. Have you been constantly coming under budget? Are there particular areas where you’re coming in over budget? A review of your progress can help you adjust your spending and saving habits to make your budget work.
Take action. Maybe you’ve been sitting on a great idea to improve your financial situation. Something like: opening a new savings account, switching to a checking account with less fees, starting an IRA, or increasing your regular contributions to your 401(k). But perhaps you just haven’t done it yet. If so, there’s no time like the present to put your plan into action.
National Financial Literacy Month is a great time to learn more about the financial world and stress the importance of financial literacy to others. If you would like some information for yourself or to share, you can use this form to contact us and request information on various financial topics.
How will you celebrate National Financial Literacy Month?