31 Mar 5 Ways To Celebrate Financial Literacy Month
Financial Literacy Month begins tomorrow and continues until May rears its head. Why not turn it into a party?
There’s seldom much fun to be had around a month of education. Not many classrooms celebrate when there’s a math test, after all.
Still, there are some great ways for you to tip your hat to financial literacy without feeling like a dud.
- Order your credit report. Use www.AnnualCreditReport.com, the repository set up by the major credit reporting agencies to provide those mandated free reports. No better time that the present to correct those credit reporting errors that plague so many of us.
- Set up a “savings by diversion” program. If your employer offers direct deposit, consider having $25 per pay period sent to a savings account rather that to your regular checking account. Most people don’t realize they can split their direct deposit, and this trick will help you start building that “rainy day fund” we all know we should have.
- Freeze your credit cards. Some experts recommend putting your credit cards into a block of ice to prevent you from using them. My freezer’s jam-packed as is, but maybe having your spouse hide them for a month wouldn’t be a terrible alternative.
- Take your kids to the bank. Yes, it’s an old-school idea but there’s a lot for children to learn from a simple trip to deposit a check or make a withdrawal. Bypass the ATM and describe everything to your young children; they’ll be fascinated by how money is handled.
- Do your taxes. They’re due in the middle of the month, so you don’t really have a choice in the matter. Remember that you should send in the return even if you owe money.
How do you plan on keeping you mind on your money and your money on your mind this month?
Image credit:Newton Free Library
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Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.
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