How to Increase Your Financial Literacy This Month
April is Financial Literacy Month! Now that we’re done with Q1, this is a great time to check in with your finances, set goals for yourself for the next quarter (and the rest of the year), and improve your knowledge about finances!
Here are three different ways to increase your financial literacy this month:
Read, read, read!
Physical books, blog posts, news articles - just keep on reading! Here at Milborn, we have a curated feed of news articles and blog posts all about personal finance, so we can stay on top of the latest reads! You can start your own free curated feed at Feedly.
Don’t want to stare at a screen all day? Make this your excuse to head to your favorite book store! Some good ones to start with include The Total Money Makeover by Dave Ramsey; Rich Dad Poor Dad by Robert T. Kiyosaki; and Broke Millennial by Erin Lowry (her new book, Broke Millennial Takes on Investing, comes out April 9th!).
Arm Yourself With the Right Tools
Are you doing anything outside of checking your statements? Do you even check your statements? Now’s the time to start.
If your bank has a mobile app, download it. If you aren’t tracking a budget, start (If you don’t want to do it yourself, apps like Mint can make it so much easier)! If you want to get into investing, research investing sites or apps (Robinhood or Acorns are great ones to try if you find investing a bit intimidating).
Create a Team
This one is so important - make sure you have a good support system, and check in with them if you haven’t yet. This includes making sure you have a strong and capable financial advisor. At Milborn Advisors, we are your guide, as well as your allies - we make sure to give you the best possible advice for your current situation, without any hidden fees or tactics. You’re as much on our team as we are on yours, and we want to see you succeed.
Want to take us for a test-drive first? Contact us today for your free first consultation.
Are you trying anything else to increase you financial literacy this month? Comment your tips below!