Being smart about money means you have fewer worries down the line because you are financially literate and can make educated decisions regarding your finances. If you don’t have the tools available or the basic knowledge required to deal with your money, it’s almost impossible to be smart. April plays host to Money Smart Week and it begins April 10 and runs through to April 17 this year.
Money Smart Week is coordinated by the Federal Reserve Bank of Chicago and is a national public education program. The week-long program is delivered by groups of people and supporters who help people gain a better understanding of finances as well as develop skills so that they can make decisions about their money. Supporters are volunteer organizations or individuals from across the spectrum of public, private, and even government sectors. These supporters develop and execute local Money Smart Week events in their community. The key financial pillars of saving, spending, borrowing, and planning are addressed and the outreach efforts are a boon to the American public.
The campaign is virtual and all events are open to the public. Content will be provided by non-profit and educational institutions as well as the government. There will be a combination of 10 to 15-minute presentations, checklists, toolkits, and other pertinent resources and they will be available for you to participate in through their own digital, email, and social channels.
Every day for a week the program deals with one daily “Money Smart” theme. This year some very specific needs are being addressed during Money Smart Week. Covid-19 has had a devastating impact on low to moderate income households and the program aims to encourage greater financial well-being in their communities.
No matter what you are doing during the week of April 10-17, you may want to check out some of their available resources. 2021 is a year that could require some big financial decisions and having the best knowledge base possible means you can be smarter with your money than ever before. Seize the day and make tomorrow greater than yesterday. Knowledge is power and the more knowledge you have, the better off you and your financial situation will be.
Money Smart Week began in 2002 and ever since then has been growing and assisting folks across the USA. Started as a coordinated effort between over 40 Chicago-area organizations, their goal was to work hand-in-hand to promote financial literacy.
Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law.
Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC.