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Celebrating Financial Literacy Month

It’s National Financial Literacy Month! In 2004, the Senate passed Resolution 316, which officially declared April as National Financial Literacy Month in an effort to highlight the importance of financial awareness and to help teach Americans how to maintain healthy financial habits.

 

Financial literacy is defined as the possession of skills that allow an individual to make informed and effective decisions regarding their financial accounts. Being financially literate can help tremendously with making major life decisions, such as saving money for retirement and avoiding high levels of debt. Recent trends that are stressing the importance of financial literacy are as follows:

 

  1. Consumers having more complex options when it comes to their money.
  2. Longer life expectancy.
  3. Changing environments and advanced technology.

Money Smart Week is March 30 – April 6 this year; it is an initiative led by the Federal Reserve Bank of Chicago to help consumers better manage their personal finances. To find Money Smart Week events in your area, use your zip code to search on moneysmartweek.org/events. To find Money Smart Week events in the Fond du Lac area specifically, visit fdlpl.org/msw.

 

National Exchange Bank & Trust celebrates National Financial Literacy Month by supporting several programs that promote financial responsibility and awareness. We support Money Smart Week, participate in Teach Children to Save Day and host a free Shred Day for customers and members of the community.

 

Teach Children to Save Day is Friday, April 12, and was established to stress the importance of teaching the nation’s youth about saving money. A number of National Exchange Bank volunteers have scheduled lessons at local schools to spread awareness. If you or someone you know is interested in inviting a banker volunteer to visit a classroom, please contact us to schedule a Teach Children to Save Day lesson – presentations do not have to be on Teach Children to Save Day, they can be anytime throughout the school year.

 

Shred Day is Saturday, April 6, from 8 a.m. – 11 a.m. or until the truck is full. This community event is an opportunity to dispose of documents that contain confidential and personal information. Documents will be shredded on-site by a firm that specializes in secure shredding and information management solutions. Only paper, non-business items may be shredded.

 

So, who’s ready to become financially literate? National Exchange Bank & Trust is here to help every step of the way. For more information on National Financial Literacy Month, Money Smart Week, Teach Children to Save Day or Shred Day, please contact us.

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