April is Financial Literacy Month

Do you consider yourself financially literate? According to a study by S&P Global, 57% of American adults are financially literate, ranking the U.S. 14^th in the world. April is considered Financially Literacy month! Increase your financial understanding today!

Whether you’re a financial guru or consider yourself a newbie, here’s 3 ways to make a difference in your finances this April!

1. Pick & Learn

   • Always wanted to understand how taxes work? Now’s the time to do so! Pick a financial topic and learn as much as you can about it for the month of April! If taxes aren’t your thing, pick another topic such as a mortgage, investing, annuities, and the list goes on. While you most likely won’t be an expert, you can feel more confident on your next financial decision!

2. See Where You Stand

   • A lot can change in a year, from a new car payment to moving across the country, April is a great time to see how your unique circumstances have changed. Determine where you stand and see if you need to pivot your finances to better support your journey.

3. Create Long-Term Financial Plan

   • While planning year-to-year when looking at finances is good, creating a long-term financial goal is great. Determine major financial goals such as purchasing a home, assign a cost, and develop a time horizon. Beyond financial goals, look at investments and portfolio volatilities to make sure they coincide with your current and future financial goals.

Financial Literacy Month is a great excuse to take extra time on finances and make sure you are on the right track toward your retirement and lifestyle goals. While these tips are a great start to any planning, speaking with a financial professional will help you get a better understanding of your unique circumstances and what is best for your goals.

Content derived from www.investors.com, www.autopayplus.com , and www.money.usnews.com

Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

The post April is Financial Literacy Month appeared first on Adult Financial Education Services.

Provided by: Adult Financial Education

In conclusion Abbot’s Advisors specializes in providing guidance for those who are making financial choices to ensure a better retirement.  We offer our experience to help you design a strategy for financial independence. We also help you debunk any myths about annuities. Contact us today to schedule an introductory meeting!