With April approaching, it’s almost time to kick off Financial Literacy Month! Strongly supported by the United States Congress and the Financial Literacy and Education Commission, Financial Literacy Month aims to promote the importance of making informed financial decisions on a national level. For nearly a decade, the country’s financial institutions and other non-profit financial organizations have used the month of April to educate Americans about their personal finances.
Notably, non-profit organizations such as the National Foundation for Credit Counseling (NFCC) and the Jump$tart Coalition for Personal Financial Literacy have emerged as leading promoters of Financial Literacy Month through their financial awareness efforts. Each April, the NFCC releases an annual Financial Literacy Survey which provides data on Americans’ attitudes and behaviors towards personal finance. Additionally, for the last 10 years, Jump$tart Coalition for Personal Financial Literacy has been using the month of April to host Financial Literacy Day which features an open-house exhibition of financial literacy products, programs and initiatives.
Financial institutions nationwide also play a pivotal role in celebrating Financial Literacy Month. In 2012, Philadelphia Federal Credit Union released its first annual Financial Literacy Survey, which provided insights into saving practices, spending habits and financial attitudes among Philadelphia-area residents.
With the 2013 Financial Literacy Month just around the corner, what types of programs does your financial institution have in place to promote financial literacy? Whether it is a survey, contest, or just spreading overall awareness of personal finances, Banking.com wants to know! Throughout the month of April we will be featuring FI’s and their efforts to promote financial literacy. Fill out our FI Spotlight form to be featured on a Banking.com Financial Literacy Month post!