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) says
“In fact, 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:
-To help determine the amount of money you can realistically count on.
-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, that you make a commitment to your financial future and take your fist step. I recognized I might can learn a little more myself 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 pledge that emphasizes the will, ready, and the capacity to take financial responsibility.