National Financial Awareness Day
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Make National Financial Awareness Day your chance to take control of your finances - learn about budgeting, saving, and investing!
August 14 is a day to celebrate and spread financial awareness—it's National Financial Awareness Day! This special day was created in 2017 by the US Financial Literacy and Education Commission as part of their mission to promote financial literacy among Americans. On this day, we can all take time to reflect on our personal finances and make sure that we are doing all that we can for our future.
Take the time to go through all of your accounts, bank statements, and credit card bills. Make sure everything is up to date and accurate.
Think about what you'd like to accomplish financially in the next year or two--whether it's paying off debt, saving for a home, or investing for retirement.
Research different types of investments and find out what kind of investment best suits your goals. Read books and articles, listen to podcasts, or take an online course.
Figure out how much money you have coming in each month, track where you're spending your money, and figure out how much money you can save each month.
A financial advisor can help you make the most of your money by creating an effective plan for managing your finances, setting realistic goals, and providing advice on how to reach them.
Having a basic knowledge of finances and money management skills are essential for achieving long-term financial stability. By having an understanding of how you can budget your money wisely, save for retirement and plan for any potential future expenses, you'll be better equipped with the know-how to stay financially secure.
Being aware of your financial rights and responsibilities is equally important. Knowing what kind of protection is offered in case of identity theft, or understanding the specific regulations of opening a new bank account can help prevent any potential fraud and scams from taking place.
By taking the time to review your finances regularly and educate yourself on common investment topics like stocks, bonds, mutual funds, and ETFs, you'll be more likely to make smart decisions when it comes to planning your future. You may even find yourself on track to reaching your financial goals that much faster!