Embracing Financial Literacy

March 29, 2018


April is Financial Literacy month.  Did you know that the average American household debt equals $5,700 and that the average for balance-carrying households is $16,048? Those statistics are downright staggering aren’t they?


The first and most important step in developing and following a sound financial plan is to take a moment to think about your attitudes around money. I have had the opportunity to present my signature Women & Money keynote presentation multiple times to celebrate Smart Money Week, which is an entire week dedicated to providing financial education. During this 60-minute presentation I provide value and information no doubt, and yet, I know education without accountability becomes a DIY project. Habits take time to change and accountability often comes from external sources.


Most of the traditional activities for Financial Literacy month revolve around one to two educational sessions with an emphasis on specific fiscal topics. Afterwards, the participants leave the session(s) with new knowledge, checklists and tools. However, it is totally up to them to determine what to do with the information and carry out implementation independently. It is my belief that the best formula for adjusting financial behavior is through both education AND the accountability that comes from receiving coaching. So, as we head into Financial Literacy month, I would encourage you to seek knowledge, ask questions and enlist accountability.

Here are a few questions to ask yourself:

  1. What is my financial personality? 

  2. What can I do to get my finances organized into a more streamlined way? And by when?

  3. How can I set-up automatic bill pay for credit cards, utilities, insurance payments, et al? And by when?

  4. How can I increase my monthly cash flow? Is it time to turn that hobby into a hustle? And by when?

  5. What is holding me back from creating and sticking to a budget? Set aside time to get it done!

Be sure to remember that one of the best ways to establish accountability is to set deadlines. This month is an excellent time for all of us to stop and take a careful look at our money management skills. There is always room for improvement in the way you might have been doing things. Constantly adjusting and being aware of where we are presently ensures a more financially secure future. In the words of Don Connelly, "the difference between succeeding and failing is consistency."


To keep in touch, visit our website at www.womensfinancialwellnesscenter.com.






between succeeding and failing is consistency."

To keep in touch, visit our website at www.womensfinancialwellnesscenter.com.

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