April is Financial Literacy month. The goal is to help individuals develop a clear understanding of basic financial concepts and skills so they can handle money better and maintain smart money habits. These habits can range from everyday spending to long-term planning. Some ways to help improve financial literacy include:
- Create a Budget and Manage Debt- Track how much you receive each month versus how much you spend and use your budget to decrease spending and pay off debt.
- Build and Improve Credit- Good credit can help get better interest rates for loans and credit cards. Monitor your score to help determine how your financial decisions can impact your credit.
- Invest in your Future- Save. Invest in a 401K retirement savings plan, build up your personal savings, and start an emergency fund.