5 Ways To Celebrate Financial Literacy Month

Posted by Sha'Kreshia Terrell in EducationApril 25, 2022(Last Updated July 28, 2022)4 min read
Key Takeaways
  • April is financial literacy month, and it is a time to reflect on all of what you know about personal finance.
  • Celebrate financial literacy month with small wins that don't break the bank.
  • The overall goal is to create a strong financial foundation in order to build financial stability.
Are you ready to make some real money moves?

April is a busy month. The month includes tax deadlines, changing seasons, the Easter holiday, the infamous April Fools Day, and is also known as financial literacy month.


Financial literacy is essential because it helps you make better financial decisions in life. It also gives you confidence in knowing how to navigate your personal finance journey so that you can make money work for you. From understanding how to keep your debt under control, finding a budgeting style that fits your lifestyle to ensure you have an emergency fund for unexpected expenses, to knowing how to invest to grow your money, financial literacy is a game-changer. 


Knowing how to navigate the world of money also helps reduce financial stress. After all, your mental health and finances are directly correlated. According to a recent survey, 65% of adults reported that finances were their leading cause of stress, and financial stress often leads to other unhealthy coping mechanisms. Overeating, overspending, sleep deprivation, and alcohol and drug usage are a few of many things that stress can cause. 

Since April is national financial literacy month, we should find ways to celebrate and continue spreading awareness about why it is important and how it can decrease the amount of stress we tend to have regarding money management.


Here are five ways to celebrate financial literacy month.


Find Your Financial Tribe


Social media has made it increasingly easy to network with like-minded individuals. One of its most beneficial components is the empowerment from being around others who want to accomplish similar goals as you.


Take the time to research personal finance groups on the social media platforms you are active on and join the groups that interest you the most. There are tons of success stories, resources, and tools that could help elevate your financial knowledge. But as much as you learn from them, you should also share. After all, finding your tribe is about being open and honest with others. Therefore, share your struggles as much as your successes because that is the key to successful networking.


More importantly, being a part of a financial group is encouraging because it keeps you on the right track when you face financially challenging times.


Attend a Financial Workshop


Financial workshops typically offer educational classes that range from learning about debt to investing to all things credit–credit cards, credit scores, and even credit counseling. They provide vital information that, when put into action, can lead to a lifetime of financial empowerment and stability.


A strong financial foundation is required to be successful with your finances. You can further solidify that foundation by attending workshops covering the topics you need help with or are most interested in advancing your financial understanding.  


These workshops can be either personal or virtual. Also, outside of social media, financial workshops are great places to meet other like-minded individuals. 


After learning from the instructors at workshops, you should take it a step further and pass the knowledge on to someone else. You can achieve this by teaching your children, friends, or community members about the importance of money management. 


Recommended Read: Why Group Economics Is Important For Black Communities


Treat Yourself Within Budget


Celebrate the small wins. Doing so keeps you motivated toward reaching bigger goals and encourages you to keep going. On the contrary, waiting to celebrate after you have reached your end goal can have a negative impact on your finances because it can cause you to overspend due to the lack of spending throughout your financial journey.


Recommended Read: Here's How You Can Practice Self Care Without Spending All Your Time Or Money


The key here is to buy yourself something small to celebrate small victories along the journey. So take yourself out and buy that favorite clothing item you have been wanting or your favorite drink and snack. 


You can financially stay on track by purposely budgeting a few extra dollars. Once the cash is gone, the celebration is over until your next paycheck. 


Start a Self-Care Regimen 


If you are in debt, it is possible that you may deal with stress, depression, or anxiety due to a lack of financial stability. One way to combat the financial stress you may be dealing with is a self-care regime. After all, getting your finances in order is a part of your self-care journey. 


Recommended Read: Relationship Between Mental Health and Money


Self-care is trial and error. Therefore, what works to relax and motivate you may not settle and inspire someone else. For you, it may be starting a new skincare regimen or a journey to clean eating. Whatever it may be, the more self-care methods you implement, the better your overall physical and mental health. 


It is essential to focus on and take care of yourself, and not just in the month of April.


Restructure Your Budget


Restructuring your budget is all about finding a budget that works for you. Of course, a budget will always need to be tweaked, but any significant tweaks mean that you should try a new budget plan. For example, if you have been using the zero-based budget and it hasn't worked out for you, maybe you should try the 50/30/20 budget.


The 50/30/20 budgeting style is 50% of your funds go towards needs, 30% towards wants, and 20% to your savings. This method also helps you figure out where to cut back. For example, if you are spending more than 30% on wants, you are essentially overspending when trying to pay off debt.


Keep in mind that budgeting doesn't mean stopping spending. It simply means you are allocating money in certain areas so that you can know where and when to cut back financially. Doing so allows you to live the life you want once all debt has been paid in full.


The Money Wrap-Up


Financial literacy will help you gain economic confidence, which results in financial stability. The overall goal is to be financially prepared for the good and bad days. The more knowledge that you have, the better. 


Some key factors to financial stability are to live below your means, practice monthly budgeting, and self-care often. Being financially stable reduces stress and promotes the freedom to live life on your terms.

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