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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.
<div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1800s</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Birth of Modern Budgeting</div><div class='timeline-text'>The idea of budgeting, as we understand it today, emerged in the 19th century amidst rising industrialization and a growing middle class.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1933</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Federal Deposit Insurance Corporation</div><div class='timeline-text'>The FDIC was created to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1951</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Birth of Financial Planning</div><div class='timeline-text'>Specified financial planning and wealth management industries began developing widespread in the 1950s.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1974</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Introduction of IRAs</div><div class='timeline-text'>Individual retirement accounts (IRAs) were introduced allowing individuals to direct pretax income towards investments that can grow tax-deferred.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1996</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Roth IRA Creation</div><div class='timeline-text'>The Roth IRA, a retirement plan allowing for tax-free growth and withdrawal, was established by the Taxpayer Relief Act of 1997.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2017</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>National Financial Awareness Day</div><div class='timeline-text'>The US Financial Literacy and Education Commission created National Financial Awareness Day to promote financial literacy among Americans.</div></div></div>
<div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>1</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Organize your finances</h3><p id='' class='facts-text'>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.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>2</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Set financial goals</h3><p id='' class='facts-text'>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.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>3</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Learn about investing</h3><p id='' class='facts-text'>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.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>4</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Create a budget</h3><p id='' class='facts-text'>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.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>5</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Talk to a financial advisor</h3><p id='' class='facts-text'>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.</p></div></div>
<div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>A</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Financial awareness is key to financial security</h3><p id='' class='whywelove-text'>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.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>B</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Understanding your rights & responsibilities</h3><p id='' class='whywelove-text'>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.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>C</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Being informed leads to smarter decisions</h3><p id='' class='whywelove-text'>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!</p></div></div>
National Financial Awareness Day is celebrated on August 14th every year. In 2024, National Financial Awareness Day will occur on a Wednesday.
2023
Aug 14
Monday
2024
Aug 14
Wednesday
2025
Aug 14
Thursday
2026
Aug 14
Friday
2027
Aug 14
Saturday
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