Financial literacy is important because it helps us make informed decisions about the use and management of money. Examples of financial literacy skills include budgeting, managing personal debt, saving money, and investing for retirement. The more we can learn about financial literacy, the easier it is to aim for better financial resilience!
Financial Literacy Topics:
BUDGETING
- How to Make a Personal Budget in 6 Easy Steps – The Balance
- 4 Steps to Better Budgeting – American Institute of Certified Public Accountants
- The 50/30/20 Rule of Thumb for Budgeting
SAVING
- Bank On CT – Connects residents with safe and affordable bank accounts.
- Basic Banking – The Balance
- What to save for – America Saves.org
- Saving Tools by Goals – American Savings Education Council
- Education – America Saves.org
- Retirement – American Institute of CPAs
CREDIT REPORTS
Free Credit Reports – Federal law allows you to get a free copy of your credit report every 12 months from each credit reporting company.- Cards – ATM / Credit / Debit – America Saves.org
- Bad Credit/Credit Repair– The Balance
IDENTITY THEFT ISSUES & GENERAL SAFETY
- Privacy, Identity & Online Security – Federal Trade Commission
FOR KIDS:
- Fun for Kids – The Mint.org
- Great Minds Think – Cleveland Fed
- Kids Save at Home – America Saves.org
STRATFORD LIBRARY further reading:
