What is Financial Literacy?
Financial literacy is the ability to understand finance. More specifically, it refers to an individual's ability to make informed judgments and effective decisions about the use and management of their money. Don't allow the lack of financial literacy to become a stumbling block.
National Financial Literacy Month 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. Now is a good time to create an account using the National Student Loan Data System. NSLDS is the U.S. Department of Education's database for student aid, including federal loans. Using your federal pin number to create your account, you can view up-to date federal loan information. This website will provide you with the name of your federal loan servicer and contact information in case you have questions.
- Money Saving Guide - Money saving tips you can't afford to ignore.
- Money Mondays - Improve your financial wellness by attending free weekly webinars that make it easy to learn about financial basics. Make sure you check out one of the interactive worksheets.
- You Can Deal With It - Offers tools to help you successfully manage financial decisions. This site provides information on: Money management; Student loan repayment options; Budgeting; and The benefits and dangers of credit cards.
- Choose to Save - Financial web calculators to help you save.
- It's My Money! - This U.S. government website is dedicated to teaching Americans the basics about financial education. Also, includes information from 20 federal agencies.
- Mapping Your Future - Take control of your life by managing your money. Your journey starts here!
- Smart About Money - Find help to deal with what life throws at you.
- InDebtEd - Are you a Savings Guru or Debt Casulty? Find out by taking the "Life or Debt" quiz.
- Practical Money Skills - Financial Literacy for everyone, including advice for graduates. Click on one of the interactive games to test your money management skills.
Annual Credit Report:
A good credit report is very important. Your credit report contains information about where you live and how you pay your bills. Businesses inspect your credit history when they evaluate your applications for credit, insurance, employment, etc. You have the right to receive a copy of your credit report. Request your FREE annual credit report. It's QUICK, EASY and SECURE.
"Financial literacy is not an end in itself, but a step-by-step process. It begins in childhood and continues throughout a person's life all the way to retirement. Instilling the financial-literacy message in children is especially important, because they will carry it for the rest of their lives." ~ George Carl quote