Originally Posted Apr. 1, 2014
April is National Financial Literacy Month, so named since March 2004, when the Senate passed Resolution 316 to highlight the importance of financial education. Of course, as with Black History Month, it is Financial Literacy Month every day at BLACK ENTERPRISE, as evidenced by our Wealth for Life mantra. If you’ve yet to commit to your own financial education, now is the perfect time to make it a daily part of your media and information diet. Here’s how:
Daily:
Get doses of financial advice via the radio and on the Internet. Follow money mavens like Tiffany “The Budgetnista” Aliche and Tara “Madam Money” Jackson on their web sites, as well as on social media platforms such as Twitter and Facebook. Read articles and blogs at financial web sites, including BE‘s financial coverage.
Weekly:
Watch television shows about money, investing, and business. Good choices to start with are my podcast Your Money, Your Life. Then you can try The Better Wallet, hosted by Marc Russell.
Monthly:
Read at least one book about money management, budgeting, investing, saving for retirement, or another financial topic that aligns with your goals and fills gaps in your knowledge. An excellent one to start with is Squeeze the Most Out of Your Money by financial educator Patricia
Stallworth. Another great read that will challenge you to pursue your financial freedom is dfree: Breaking Free From Financial Slavery by Dr. DeForest B. Soaries. There are so many excellent books on a wide range of money topics that you’ll never have a reason to not continue your financial self-education.Quarterly:
Make time to attend a seminar or workshop about some aspect of money and investing. In addition to searching online, check with
churches, banks, colleges, and community organizations in your area which likely offer financial literacy programs. A great resource to start with is the NFCC at DebtAdvice.org; be sure to check out the NFCC’s Sharpen Your Financial Focus program.Whatever you do, make increasing your money IQ a year-round commitment, not one just for Financial Literacy Month.
Black Enterprise Executive Editor-At-Large Alfred Edmond Jr.
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