National Financial Literacy Month
National Financial Literacy Month is a plain-English invitation to get a little more comfortable with money.
Why it matters
EMBRACE FINANCIAL LITERACY
April is a month to empower individuals with financial knowledge and skills essential for making sound financial decisions.
THE STORY
National Financial Literacy Month was established to raise awareness about the importance of financial education. Initiated in 2004 by the U.S. Senate, this month-long campaign aims to highlight the need for improved financial literacy among Americans of all ages. The goal is to promote financial skills that can lead to better financial stability and independence.
In the United States, financial literacy remains a pressing concern. A 2021 survey revealed that only 57% of Americans could answer basic financial questions correctly. This gap in knowledge can lead to poor financial decisions, such as accumulating debt or failing to save for retirement. As we navigate an increasingly complex financial landscape, the need for education becomes even more critical.
Throughout April, various organizations and institutions will host events and workshops focused on financial education. These initiatives often include budgeting workshops, retirement planning sessions, and seminars on debt management. It’s a time to reflect on one’s financial habits and seek out resources that can help improve financial literacy and stability. A financially educated community is a stronger community.
As we observe National Financial Literacy Month, it is essential to engage with the available resources—whether through online courses, local workshops, or community events. By fostering a culture of financial literacy, we can equip ourselves and future generations with the knowledge needed to make informed financial choices and achieve long-term financial success.
Financial literacy is not just a skill; it's a necessity.
WORTH KNOWING
Financial Workshops
Participate in local or online financial workshops. They can provide valuable insights into budgeting, saving, and investing.
Recommended Reads
Explore books on personal finance to deepen your understanding. Knowledge is a powerful tool for financial well-being.
Savings Challenges
Join or create a savings challenge with friends or family. It’s a fun way to encourage saving and financial responsibility.
Open Discussions
Start conversations about finances with family and friends. Sharing experiences can lead to better financial practices and support.
AROUND THE WORLD
DID YOU KNOW?!
Did You Know?
The average American household carries about $8,000 in credit card debt.
On the Rise
Financial literacy programs have increased by 33% in U.S. schools since 2010.
Global Concern
Only 33% of adults worldwide are financially literate.
Young Savers
Teaching children about money management at an early age increases their chances of academic success.
State Efforts
Some states require high school students to take a financial literacy course before graduation.
Investment Knowledge
Only 39% of Americans feel confident in their investing knowledge.
Financial Wellness
Financial wellness can lead to improved mental health and lower stress levels.
READ MORE
The Total Money Makeover
Dave Ramsey · 2003
A straightforward guide that provides a step-by-step approach to budgeting and getting out of debt.
Rich Dad Poor Dad
Robert Kiyosaki · 1997
An influential book that challenges conventional financial wisdom and highlights the importance of financial education.
Your Money or Your Life
Vicki Robin · 1992
A transformative guide that teaches readers how to achieve financial independence through mindful spending.
The Simple Path to Wealth
JL Collins · 2016
A comprehensive guide to investing and wealth-building strategies for everyday people.
PAIR IT WITH
Understand your credit score and how it affects your financial opportunities.
Prioritize saving for emergencies to ensure financial security.
Learn about different investment options to grow your wealth over time.
Create and stick to a budget to manage your finances effectively.
Promote Financial Literacy
Join us in spreading awareness about financial literacy this April. Share resources and tips to help others improve their financial knowledge.
How to celebrate
Small, doable ways to celebrate National Financial Literacy Month.
- Check one account balance you've been avoiding.
- Set one small automatic transfer to savings — any amount counts.
- Book a free 15-minute call with a credit union or financial counselor.
- Talk with a partner or family member about one clear money goal.
- Teach a kid how to read a receipt.
Celebration ideas by audience
For families
Talk about money openly, at your kids' level and your partner's level.
For kids
Give age-appropriate tasks for money: allowance, savings jars, small decisions.
For couples
Book a check-in about one real financial topic, no agenda-dodge.
At the office
Share employer benefits, 401(k) education, or a lunch-and-learn.
At school
Run a money-basics lesson — budgeting, saving, compound interest.
In your community
Host or attend a local financial literacy workshop.
On your own
Do one thing you've been putting off — check the account, set the transfer, book the call.