Financial Literacy month is aimed at helping you take control of your finances and use your wealth in a way that contributes to a healthy lifestyle. There are several ways you can increase your financial literacy:
- Check your credit report
Use this link to check your personal credit score and read an explanation of what all the numbers mean.
https://www.annualcreditreport.com/index.action
- Commit to Saving
Click this link to learn helpful tips on how you can commit to a savings plan.
- Stay informed on how to keep your wealth secure
Scammers are skilled at what they do and will often adhere to the four following tactics:
- Contact you with urgency claiming a problem or that you have won some type of prize.
- Pretend to be from an organization you are familiar with.
- Pressure you to act immediately.
- Insist you pay in a specific way.
- Use this link to learn how to avoid a scam. https://consumer.ftc.gov/articles/how-avoid-scam
- Stay informed about your social security
Visit SSA.gov to learn how you can get a summary of your estimated Social Security benefits. https://ssa.gov/myaccount Through your financial planning process with First Anchor Wealth, we will help you understand how collecting Social Security at different ages will impact your finances throughout your lifetime.
- Help your children with their financial literacy
The Money Smart program from the Federal Deposit Insurance Corp. (FDIC) teaches children, teenagers, and young adults the basics of how money works and smart ways to manage their wealth. Parents and caregivers can find a summary of key lesson concepts as well as appropriate activities and conversation starters for all ages.