Financial Literacy Month: The Budget Series

Financial Literacy Month (FLM) Budget Series

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National Financial Literacy Month (FLM) is recognized in the United States in April in an effort to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits.

This is a great effort as statistics tell us that Americans are still carrying a great deal of consumer debt (over $2T), the majority still don’t prepare a monthly budget (65%), and the personal savings rates continue to be low. For more information on Financial Literacy Month go to: http://www.financialliteracymonth.com/.

So in honor of this FLM, I will share some of our previous posts on what I consider the four key categories for financial management: budget, savings, debt elimination, and giving. I believe if a household can learn how to deal with these 4 areas of money management, it will get on a path to financial wellness.

This week we will start with the Budget Series. Because if you can’t control your money via a budget, you can’t build savings, you can’t pay-off debt, and you can’t plan for the future. That’s where it all starts.

The Budget Series

Presione aquí para la versión de este artículo en Español.