Today is the last day of March, which also means it is the day before Financial Literacy Month begins!

Visit FinancialLiteracyMonth.com to take the the first step!

I certainly hope that this focused effort in the month of April be become more Financially Literate is not lost with all the other declarations of National Something Month.

Do we really need a month to remind people to learn more about money management, budgeting, credit and savings? We only need to look not just at the stock market but at the almost non existent saving rate, the low participation on 401K plans and the amount of credit card debt being carried by families, to know that we need to invest in personal financial knowledge.

Yes, yes we do need this month. That effort started in 2000 when the Jump $tart Coalition declared April as Financial Literacy Month. Every person that is spending money needs to focus on their personal finances. Parents need to set good examples for their children. Over 58% of students surveyed report they learned their personal finance and money management from their parents. Only seven states have any requirements to teach personal finances.

Money is getting harder to earn, prices are increasing for most of the basic consumer goods, insurance in many cases, is not optional and investments are more complex. The more you know about personal finances, the better you can make your personal choices when spending your hard earned money. You come to understand that you are making choices and decisions about your funds. You realize that credit is a tool to purchase Durables and you use cash to purchase consumables. You learn that credit is not an additional income to be used to expand your purchase of consumer goods.

Resources are available at every turn. From interactive games, songs, books by known and unknown authors, materials from companies and banks, non profits and governmental agencies.
Start today, use any number of resources, and focus on just one segment of personal finance. I challenge you to make the investment in your knowledge of your personal finances. Only 15 minutes per day will have a return for you, your family, your creditors and your wallet.

In honor of Financial Literacy Month (April), we will be using the hashtag #FLM on financial literacy-related Twitter posts. The idea is to bring awareness to the need for financial literacy (and help us meet some other financially-minded people Twitterers too!)

To participate, simply add the hashtag #FLM on any Twitter post you think relates to financial literacy.

Here is a sample tweet:

MoneyManagement: Just the pleasure of connecting with one of the members of the President’s Council on Financial Literacy! #FLM

For an easy way to track the conversations, you can visit TweetForChange.com. You can also follow us on Twitter at Twitter.com/MoneyManagement.  Not sure what I’m talking about? Check out Twitter.com.

Disclaimer: We are so happy to be able to bring all of this information together, but we can’t possibly be held responsible for other people’s Tweets. In fact, it is quite likely that many of the opinions expressed here will not represent the view of MMI. Nothing appearing on this aggregator or website is legal or tax advice nor should it be taken as such. We should probably also mention that the Tweet For Change aggregator is powered by, but not officially associated with, Twitter.