April is Financial Literacy Month

financial literacyDid you know that April is Financial Literacy Month?

This is the month we highlight the importance of financial literacy and help Americans make better decisions about money.

Annamaria Lusardi, head of the Global Center for Financial Literacy and  professor of economics and accountancy at the George Washington School of  Business, says “financial literacy helps people cope with day-to-day financial management and empowers (people) to make choices.”

So before the end of the month, why don’t you tackle one item on your financial “to do” list?

For some people, that could be checking your mortgage rate to see if a refi might save you money.

Or if you have credit card debt, make a list of what you owe and start directing an extra monthly payment to the highest rate card to get it paid off faster.

Putting off your estate planning?  Make an appointment with an attorney to get the ball rolling.

Wondering if you are on track for retirement? A quick online calculator from Kiplinger’s or Vanguard can help you see if you are in the right ballpark.

If you can cross one “to do” item off of your list, you’re one step closer to getting your financial house in order!

 

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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