Do You Know the Basics of Financial Literacy?
April is National Financial Literacy Month, making it the perfect time to check your financial knowledge. Finding out what you know (and don’t know) can help you take the first step toward mastering your money.
As much as you may hate to admit it, money makes the world go ‘round, and understanding how your money works (or doesn’t work) for you determines whether you’ll be along for the ride or left in the dust.
Knowing the basics – your income, expenses, debts and savings – is the first step toward taking control of your money and improving your financial well-being. In fact, if you’re like most people, learning basic money management skills today can help you take more control of your financial future.
A survey from the National Endowment for Financial Education shows that 76 percent of adults in the United States feel financial stress and nearly half (49 percent) of adults live paycheck to paycheck.[1] The good news is that according to National Financial Credit Counseling’s annual survey, 75 percent agree that getting answers to their financial questions from a professional would benefit them.[2]
