Date
Wednesday
Oct

October 1-31

Financial Planning Month

Get your finances in order and reach your financial goals this Financial Planning Month! With the right plan and determination, anything is possible.

Yearly Date
October 1
Type
Month

Introduction

It's time to get your finances in order and set yourself up for a successful future because October is Financial Planning Month! This month-long holiday was created to raise awareness about the importance of financial planning and encourage individuals to take control of their money. Whether you're just starting out on your financial journey or looking for ways to improve your current situation, this is the perfect opportunity to assess your goals and create a solid plan. So let's dive in and celebrate the power of smart money management!

Financial Planning Month Timeline

1776
Wealth of Nations Published
Adam Smith's "The Wealth of Nations" is published, highlighting the importance of economics and planting seeds for future financial planning concepts.
1933
Glass-Steagall Act
The 1933 Glass-Steagall Act is enacted to tackle the Great Depression, showing the significance of financial planning at a national level.
1980s
Financial Planning Awareness
In the 1980s, the concept of individual financial planning gains prominence, guiding individuals to take control of their personal finances.
1997
First Financial Planning Month
October is recognized as the Financial Planning Month in U.S. for the first time to emphasize the importance of financial planning.
2008
Financial Crisis
The 2008 financial crisis reinforces the importance of sound financial planning, risk management and drafting sound contingency plans.

How to Celebrate Financial Planning Month

1

Create a budgeting challenge

Challenge yourself or your friends to stick to a budget for the entire month. Keep track of your progress and see how much you can save by the end of the month.

2

Attend a financial planning workshop

Check out your local community center or library for workshops on financial planning. You can learn valuable tips and strategies to help you manage your money better.

3

Set financial goals for the month

Take some time to reflect on your current financial situation and set realistic goals for the month. This could include paying off debt, saving for a big purchase, or increasing your retirement contributions.

4

Have a financial planning game night

Gather some friends and family and make a game out of financial planning. This could be a fun and interactive way to learn about budgeting, saving, and investing.

5

Review your insurance coverage

Take some time to review your insurance policies and make sure you have adequate coverage. This is an important part of financial planning that is often overlooked.

Why Financial Planning Month is Important

A

It helps us achieve our financial goals

Having a solid financial plan in place can help us save for big purchases, pay off debt, and build wealth. Financial Planning Month highlights the importance of setting and working towards attainable financial goals.

B

It promotes financial stability

Financial planning involves creating a budget, managing expenses, and establishing emergency funds. By taking control of our finances, we can reduce stress and be better prepared for unexpected financial situations.

C

It encourages long-term financial success

Financial planning is not just about short-term goals - it's also about having a strategic plan for the future. It involves thinking about retirement, saving for children's education, and building a strong foundation for continued financial stability.

Financial Planning Month Dates

Year
Date
Day
2023
Sep 30
Saturday
2024
Sep 30
Monday
2025
Sep 30
Tuesday
2026
Sep 30
Wednesday
2027
Sep 30
Thursday