4 ways to increase your money IQ

April is National Financial Literacy Month, named after March 2004, when the Senate passed Resolution 316 emphasizing the importance of economic education. Of course, similar to Black History Month, it’s Financial Literacy Month every single day at BLACK ENTERPRISES, as evidenced by our mantra Wealth for Life. If you have not yet committed to your own financial education, now’s the proper time to make it a every day a part of your media and news food regimen. Here’s how:

Every day:

Receive doses of economic advice via radio and the Internet. Follow money mavens like Tiffany “The Budgeter” Aliche AND Tara “Madam Money” Jackson on their web sites in addition to on social media platforms reminiscent of Twitter and Facebook. Read articles and blogs on financial web sites, including: TO BEfinancial coverage.

Every week:

Watch TV shows about money, investing and business. An excellent place to start is my podcast. Then you possibly can try , hosted by Marc Russell.

Monthly:

Read at the least one book about money management, budgeting, investing, saving for retirement, or one other financial topic that aligns with your goals and fills gaps in your knowledge. An awesome solution to start with is by financial educator Patricia Stallworth. Another great read that may challenge you in your pursuit of economic freedom is by Dr. DeForest B. Soaries. There are so many excellent books on quite a lot of money-related topics that you’re going to never have a reason not to proceed your financial self-education.

Quarterly:

Make time to attend a seminar or workshop on some aspect of money and investing. In addition to searching online, contact churches, banks, colleges and community organizations in your area that likely offer financial literacy programs. An awesome resource to start with is the NFCC at DebtAdvice.org; make certain to try the NFCC’s Sharpen Your Financial Focus program.

Whatever you do, make increasing your money IQ a year-long commitment, not only a financial literacy month.