April is Financial Literacy Month!
This article was updated on April 7, 2022.
While financial literacy is important every single day of the year, April is recognized as Financial Literacy Awareness month. What is financial literacy, exactly?
"[Financial literacy is the] possession of knowledge and understanding of financial matters. [It's] mainly used in connection with personal finance matters. Financial literacy often entails the knowledge of properly making decisions pertaining to certain personal finance areas like real estate, insurance, investing, saving (especially for college), tax planning and retirement. It also involves intimate knowledge of financial concepts like compound interest, financial planning, the mechanics of a credit card, advantageous savings methods, consumer rights, time value of money, etc." - Investopedia
Financial literacy is incredibly powerful. Having or not having a knowledge and understanding of basic personal finance concepts can mean the difference between successfully managing debt or filing for bankruptcy, retiring on time or not retiring at all, being able to live your desired lifestyle without worry or struggling to break the cycle of living paycheck to paycheck.
How 3Rivers Supports Your Financial Literacy
At 3Rivers, we strive to offer not only the best products and services for our members, but also guidance and education that allow for a complete understanding of how those products and services work. We provide you with access to knowledgeable team members, free educational resources, and ongoing guidance and support through every step of your financial journey. We're all about looking at your bigger financial picture and asking questions that may sometimes lead to uncomfortable (but very necessary) conversations around your money matters—all in an effort to supply you with knowledge, solutions, and direction that can positively impact your financial wellness and help you reach your goals.
Our Free Resources
We encourage you to visit our Education Center and check out our blog archives for financial definitions, breakdowns of financial processes, tips on budgeting, investing, saving, spending, and borrowing money, and much more. Plus, don't forget about our free tools and calculators!
Our online and mobile banking even offer financial literacy resources at your fingertips! You can monitor your credit score and get tips for improving it, access educational articles, set savings goals, and so much more, in addition to doing your daily banking.
Want to challenge yourself to improve your finances this month? Give Financial Literacy Month's 30 Steps to Financial Wellness Plan a try!
Let's Reach Your Goals, Together!
Of course, much like when focusing on bettering your physical or mental health, having ongoing conversations, creating plans customized to you, and building a relationship with a trusted partner you can count on to support you and hold you accountable will have the most impact when it comes to building on your knowledge of personal finance and reaching your money goals. 3Rivers is ready to cover all of those bases for you. All it takes is getting the conversation started!