Since 2004, after the Senate passed Resolution 316, April has been officially recognized as National Financial Literacy Month. During the month of April, many government agencies, education organizations, and bloggers increase awareness of personal finance topics.
According to Money Management International, “Americans carry more than $2 trillion in consumer debt and 30 percent of consumers report having no extra cash”. These are frightening statistics. So that is why MMI has started the website Financial Literacy Month. “No matter what day or month of the year a consumer begins their 30 step path to financial wellness, it will help them to create a successful strategy to better their overall financial position.”
The website has a step for each day of the month. Theses steps discuss a variety of topics, such as goal setting, debt, savings and much more.
Financial Literacy Month is very popular among bloggers. Jeff Rose of Good Financial Cents started the Roth IRA Movement this year, which has had over 140 bloggers writing about their own stories about Roth IRAs.
Even though the month of April is almost over, I agree with MMI in that it doesn’t matter what month people educate themselves about finances. Being financially literate will help people be happier and will ease stress.