Maintaining good personal financial practices and planning for the future can provide the foundation for lifelong security and stability. National Financial Literacy Month is a great time to learn more about ways to make these important habits easier.
By establishing good habits, individuals can protect and maximize the value of their dollars. A number of public and private organizations provide a wealth of tools to aid the learning process.
While financial education is important at any age, our nation's youth face particular challenges. Young Americans are entering adulthood in uncertain economic times, and beginning their adult lives with knowledge of responsible money management is crucial. Mismanaging income and debt early in life are hindrances that can plague a young person for decades.
Other free resources include the instruction guide "Banking Basics" from the Federal Reserve Bank of
Monitoring your credit record is also a key component of personal finance for all ages. In 2003,
Unfortunately, there is a degree of risk in a world where many financial transactions take place online and technology is rapidly changing. That is why the
Financially-sound households contribute to family stability, personal responsibility and solid footing for your family's future. Financial literacy is worth it — and April is a great time to learn why.
For more tips on financial literacy, visit:
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|Source:||Targeted News Service|