Volatility: Buckle Up
August 27, 2019
Financial Literacy Month
Just in Time ⏰
April 16, 2020
It’s April, which means it’s Financial Literacy Month—and not a moment too soon. Millions of Americans have filed for unemployment, the economy is headed for a recession (or could already be in one), and stimulus payments began this week. In short, financial literacy is more important than ever.
Financial literacy simply means having the knowledge and skills to make smart money decisions. Those skills include everything from maintaining a monthly budget to applying for a mortgage to developing an investment portfolio. Basic financial literacy is critical to building wealth and achieving stability in your life. And it’s more important than ever as we navigate the new normal of life in a pandemic.
That’s why Napkin Finance has decided to make all of our courses available to readers—completely free—until the end of April. We want you to have the tools and resources you need to make the right financial choices now, and well after the pandemic ends.
Financial literacy matters because…
- Planning equals security: Forty percent of adults in the U.S. do not have enough savings to cover a $400 emergency.
- A little bit goes a long way: When delinquent student loan borrowers signed up for income-based repayment plans, delinquencies on their other debts fell by 17%. In other words, improving one area of your finances can have a ripple effect across the others.
- Your future depends on it: Fears about not having enough money in retirement are a leading cause of financial stress in the U.S., and at least one in four Americans are not confident that they are saving enough for their later years.
Financial literacy helps you develop a budget, build your emergency savings, and plan for future expenses, both expected and unexpected.
