Date
Wednesday
Jan

January 1-31

Financial Wellness Month

This Financial Wellness Month, take control of your finances with budgeting tips and strategies to help you reach your financial goals!

Yearly Date
January 1
Type
Month

Introduction

Start the New Year off on the right foot by taking part in Financial Wellness Month beginning January 1! This month was created to help individuals and families understand their current financial situations and make informed decisions about their finances. It's a great time to take stock of your savings, budgeting, investments, retirement planning, credit scores and more. With proper financial education and resources, you can set yourself up for long-term financial health and success. So take advantage of this month as an opportunity to get your finances in order and start the year off with a plan for a better tomorrow!

Financial Wellness Month Timeline

1933
Launch of FDIC
The Federal Deposit Insurance Corporation (FDIC) was established in response to thousands of bank failures during the Great Depression, marking an important step in protecting consumers' finances.
1974
Introduction of IRAs
Individual Retirement Accounts (IRAs), tax-advantaged retirement savings tools, were introduced through the Employee Retirement Income Security Act.
1980
Introduction of 401(k)s
Benefit consultant Ted Benna first applied an overlooked tax code provision to create the 401(k) plan, beginning the rise of defined-contribution retirement plans.
1988
Money Smart Week Initiated
The Federal Reserve Bank of Chicago initiated Money Smart Week as a public awareness campaign designed to help consumers manage their personal finances better.
2004
Financial Literacy Month
The U.S. Senate officially recognized April as Financial Literacy Month, emphasizing the importance of financial education and healthy financial habits.
2011
First Financial Wellness Month
The first Financial Wellness Month was celebrated, initiating an annual focus on the importance of financial health and wellness.

How to Celebrate Financial Wellness Month

1

Create a budget

Creating a budget is the first step to financial wellness. Figure out your income and expenses, and make sure all your bills are paid on time and you're setting aside money for savings.

2

Pay off debt

Take advantage of Financial Wellness Month and pay off any outstanding debt you may have. This will help free up extra money for future spending and start you on the road to financial freedom.

3

Set financial goals

Set short and long-term financial goals to help keep you motivated to stay on track with your finances. Make sure to set measurable goals so that you can track your progress.

4

Educate yourself

Take some time during Financial Wellness Month to educate yourself on finances by reading books, articles, and blog posts about money management. Knowledge is power!

5

Meet with a financial advisor

Take advantage of this month to meet with a financial advisor and discuss your current financial situation. They can provide valuable insight and advice that will help you achieve your financial goals.

Why Financial Wellness Month is Important

A

It educates us about money

Financial Wellness Month is the perfect opportunity to take charge of your financial situation. It provides resources and information on budgeting, savings, investing, and understanding credit so that you can work towards a secure financial future.

B

It encourages responsible spending habits

One of the most important aspects of Financial Wellness Month is its focus on encouraging responsible spending habits. Learning to save and be mindful of your spending can help prevent debt and ensure that you're not overspending or putting yourself in financial hardship.

C

It builds better financial literacy

Financial literacy is key when it comes to achieving overall financial wellness. Giving people the tools and knowledge they need to make sound financial decisions is an essential part of Financial Wellness Month, which can set people up for long term success in their finances.

Financial Wellness Month Dates

Year
Date
Day
2023
Dec 31
Saturday
2024
Dec 31
Sunday
2025
Dec 31
Tuesday
2026
Dec 31
Wednesday
2027
Dec 31
Thursday