April is Financial Literacy Month

Richard Kraus, Librarian III, Business Department,
Money Matter$: Know More. Make More. Library Logo

April has been designated by annual congressional resolutions since April 2004 as “Financial Literacy Month” to “raise public awareness about the importance of personal financial education in the United States and the serious consequences that may result from a lack of understanding about personal finances.”

In response, government agencies, educators, nonprofit groups, and others have created and offered a variety of programs, activities, and services to help educate individuals of all ages and families of all sizes about improving their financial knowledge and helping them to improve their financial situations.

What are some opportunities and activities available to help you improve your money situation?

  • Come see the special display case near the Circulation Desk in the lobby of the Central Library.

Financial Literacy Display at Central Library April 2017Financial Literacy Display at Central Library April 2017

Money Matters Logo

  • You work for your money. Learn how to make your money work for you.

The Los Angeles Public Library's Money Matter$ Guide offers library and online resources providing information, education, and tools covering savings, credit, investments, budgeting, financial planning, and consumer protection. It also includes listings of library events on financial topics.

LA Saves Volunteers at Central Library
LA Saves Volunteers at Central Library

“Throughout Los Angeles, people just like you are proving you can start small and think big. Los Angeles Savers are setting financial goals, tracking their spending and taking control of their financial future. These tips and tools can help you set goals, develop strategies to reach those goals, and start saving. So what are you waiting for?”

This is a campaign led locally by the FDIC’s Alliance for Economic Inclusion. Central Library and a number of branch libraries in the Los Angeles Public Library have been among the locations that have hosted the pledge drives the past few years during LA Saves week in late February, during Financial Literacy Month in April and again in October during National Financial Planning Month. It is part of the nationwide America Saves campaign coordinated by the nonprofit Consumer Federation of America (CFA) and is dedicated to helping individuals save money, reduce debt, and build wealth.

In return for making a pledge you receive helpful reminders, tips and strategies. No private information is collected or monitored and no services will be promoted or sold.

Financial Literacy Day at central Library
Graphic promoting Free Financial Counseling and Coaching on April 30

  • A few examples of helpful government resources to help you with your finances:

FDIC's Money Smart Computer-Based Instruction.
The Federal Deposit Insurance Corporation (FDIC), best known for insuring bank accounts and helping consumers with their bank, provides financial education for Adults and Young Adults, covering topics such as the basics of borrowing money wisely, using a spending plan to achieve financial goals, and how to use banking products effectively.

How to get your free credit report
The Federal Trade Commission (FTC) explains how the Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months.

Owning a Home: Tools and resources for homebuyers
The Consumer Financial Protection Bureau offers advice and tools to help prepare to shop for a home, explore loan choices, compare loan offers, and make the closing.

U.S. Department of Education: Financial Aid
Information and links resources on finding and applying for student loans and grants, and for repaying the loans.

MyMoney.Gov: calculators, worksheets, checklists
Federal website helps you locate and use on-line calculators, budget worksheets, planning checklists and other helpful resources from the federal government for making financial decisions.