By Susan Doyle, AAP, President & CEO, EPCOR
April is a month of renewal and rebirth as we shake off the winter cold, watch flowers bloom, and await the summer warmth. In the spirit of renewal, April is also a time to review financial wellness.
This April marks the 19th year for Financial Literacy Month – a dedicated time to reflect on the state of financial education in local communities and across the nation. For leaders in the financial industry, April is a time to encourage our communities to learn a new financial tool, save extra money, or plan for the future.
According to a recent Bankrate survey, a concerning 4 out of every 10 Americans can cover an unexpected expense exceeding $1,000. Adding inflation, supply chain issues and pandemic impacts, it has never been more important for financial institutions and other community organizations to get involved in ensuring everyone has access to financial education.
Here are a few free resources you can share forward to help empower your community and encourage those young and old to take charge of their financial education this Financial Literacy Month:
- Financial Literacy Videos
Finance at Khan Academy offers free short and engaging videos on just about any financial or economic topic you want.
- Online Financial Education Courses
Study.com lists several free online courses, including financial education courses from higher education institutions including Utah State, Yale, Purdue, MIT, and more.
- Financial Calculators & Other Tools
MyMoney.gov is available in English and Spanish and offers a broad range of articles, consumer guides, calculators, worksheets and checklists covering money management topics.
To help you spread the word, the National Association of State Treasurers has put together a page hosting sample communications pieces including sample social media messages, images, op-ed copy and a sample press release. Additionally, the site hosts a speaker kit and other resources to assist with online and in-person financial wellness presentations. The Kansas City Federal Reserve Bank also has a resource page for teachers spanning all education levels.
This spring, let’s plant seeds that will grow and produce lasting change for our communities.
Sources: Forbes.com; Moneyfit.org; NAST.org