Every April, National Financial Literacy Month is recognized in the United States. Initially designed by the U.S. Senate in 2003, the month is used to educate Americans on the importance of maintaining practical financial habits. Financial literacy is extremely important in teaching people how to earn, manage, and invest their money in the most effective way.There is a variety of institutions that use the month of April to promote educational events.
Insurance is a very important aspect to financial literacy. Simply put, insurance is the transfer of the risk for loss. Insurance is a crucial key in order to maintain your finances. There are several types of insurance that all protect you from a variety of risks. Automobile, homeowners, life, commercial, and many more are all varieties that are used to keep you protected. Not having insurance to cover any unexpected occurrences can leave you completely wiped out. That is why financial literacy is so important and needs to be taught at a young age and onward.
According to Money Management International, there is a 30-step path that will help you find financial wellness. There are already thousands of people who have taken the financial pledge to commit themselves to financial wellness. You can click here to make the pledge.