Financial Literacy Month

Financial Literacy Month or Financial Capability Month, is recognized in April in an effort to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits.

In 2000, The National Endowment for Financial Education introduced “Youth Financial Literacy Day” and the Jump$tart Coalition for Personal Financial Literacy took the lead, so the event would not promote any one organization, and focus on financial literacy as a whole. The Jump$tart Coalition and its approximately 150 partners expanded the event to a month.

In 2003, the United States designated April as Financial Literacy for Youth Month. In March 2004 the Senate passed Resolution 316 that officially recognized April as National Financial Literacy Month.

Thinking back to the 80s, as a youth or young adult, there are not many recalling moments of teaching the importance of the dollar. There were times the only dollars known were those which came in a booklet, colors where purple, green, blue, brown, oh, yes, food stamps. Now, 25 years later financial literacy is still not being properly taught in schools or home.

Due to the alarming debt in American it leaves us to believe may of us are living with finanical headaches, and we are having a hard to finding the right Aspirin to cure it.

An article written on December 2017, expresses five financial headaches and ways to avoid them. There are two which hold many of us in bondage to money; not having an understanding of living on a budget, and investing in our future. We find more value investing in cars, jewerlry, shoes, etc. Not saying say we shouldn’t have nice things, but greed has overtaken.

So, for the month of April, UITA Tee’s Corner Team is asking our listeners to pay attention to your spending.

Here are a few articles to read over as well.

http://madmoneymonster.com/2017/12/20/financial.

http://www.ebony.com/career-finance/the-6-money-mistakes-black-people-make-660

http://jumpstart.org/flm.html

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