By: Ms. J
April is National Financial Capability Month. Proclaimed in 2012 by President Obama, he wanted to address the issue of American financial capability and debt. “During National Financial Capability Month, we recommit to ensuring everyone has access to the information and tools that empower them to operate safely and smartly in the marketplace.” (Obama, 2012). In order for the economy to strengthen, the people must be financially stable and secure. Take time to review your financial status and take ownership of it by becoming responsible for your past and present financial behavior.
This year, financial education is being promoted with the younger generation. Young people as early as first grade are building their financial skills by incorporating it within the basic skills lessons such as language, math and science. Although, the education system vary state by state and the federal government cannot mandate a finance class, I am sure that they have various methods to influence schools to integrate it into their program.
As a consumer, start by educating yourself on your financial status, the different ways you can tackle your issues and the resources that are available in your area to help you solve the issue. Take advantage of free financial resources such as www.MyMoney.gov, www.ConsumerFinance.gov, and 1-888-MyMoney provided by the government to help you through the process.
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