In 2003 the U.S. Senate and U.S. House of Representatives recognized April as National Financial Literacy Month. I am passionate about personal finances and fully support the need to continue educating our friends and neighbors about finances. Be sure to check out my Instagram throughout the month as I share 10 tips to help your personal financial growth.
I read a great article published by Forbes celebrating a Happy Financial Literacy Month! Annamaria Lusardi shares some background regarding the need to increase the financial literacy within the United States. She also shares how financial literacy is currently being taught in schools, workplaces, and communities. It is a quick read but very insightful as to what this month is all about.
Money Management International has a great online resource for Financial Literacy Month that walks you through bettering your finances. They have an interactive 30-step process that discusses different parts of your finances including expenses, debt, credit scores and more. I went through the 30-steps and think it is full of great information!
My first personal finance tip is to assess your financial health. I have found that in most cases people do not need an increased income to meet their needs, but rather a better game plan when it comes to tracking, budgeting, saving, and using their income. Refer to my pervious posts about budgeting, planning for the unexpected, increasing savings, making financial goals, reducing monthly spending, and much more to help you with this commitment.
I started The Princess and the Penny with the goal to help others live the princess life without the princess price through increased knowledge and implementation of personal finance strategies. I am excited to share more tips to help you live the princess life you deserve and increase your financial health along the way!