LOS ANGELES, April 2, 2015 /PRNewswire/ -- With 56 percent of Americans unaware of their credit scores1 and only one in three keeping a detailed budget2, the average American doesn't know enough about money to manage his finances. In honor of Financial Literacy Month, which takes place every April, leading personal finance site GOBankingRates compiled an extensive guide to the best tools and resources that will help Americans improve their financial literacy.
The guide includes 41 apps, blogs, books, journalists and podcasts that cover the full spectrum of financial topics; a directory of free financial literacy programs offered by banks and nonprofits nationwide; and insight on financial education from experts at Ally Bank, TransUnion, Charles Schwab, Fidelity and more.
"Studies show that Americans realize personal finance is a skill they're severely lacking in. Most individuals want to learn more about money, but becoming financially literate can seem like a huge mountain to climb for the average consumer," said Casey Bond, editor in chief of GOBankingRates. "It doesn't have to be. The secret is finding tools, resources and programs that break finances down into something manageable — even entertaining."
Though money skills can be developed at any age, many of the programs highlighted in this guide focus on building financial literacy in young adults.
"Learning how to make good investment decisions is very important, but a prerequisite to that is the ability to develop good foundational habits," said Nate Prosser, one of the leaders of Vanguard's My Classroom Economy program, which provides teachers with lesson plans on earning, budgeting, saving and delaying gratification. "Learning those skills at a young age and in a safe environment prepares you to face major financial decisions as an adult."
Additional details:
- Best Finance and Budgeting Apps: The guide highlights a number of completely free apps that will help you do everything from budget (Mint), to invest your spare change (Acorns), track the stock market (CNBC and Yahoo! Finance), and find shopping deals and discounts (RetailMeNot).
- Best Financial Podcasts and Radio Shows: Take personal finance on the go with shows delivered to your smartphone on spending ("The Clark Howard Show"), real estate ("Epic Real Estate Investing," "BiggerPockets Podcast"), starting a business ("Entrepreneur on Fire," "Smart Passive Income"), and more.
- Best Personal Finance Blogs: Get airtight budget templates, rags-to-riches stories, cheap grocery lists and more from bloggers like The Budgetnista, J. Money, Mr. Money Mustache and Emma Johnson.
About GOBankingRates
GOBankingRates.com is a leading portal for personal finance news and features, offering visitors the latest information on everything from interest rates to strategies on saving money, managing a budget and getting out of debt. Its editors are regularly featured on top-tier media outlets, including U.S. News, Business Insider, Daily Finance, Huffington Post and more. It also specializes in connecting consumers with the best financial institutions and interest rates nationwide.
Contact:
Roxy Barghahn
GOBankingRates.com
[email protected]
310-297-9233 x202
1. |
American Bankers Association: "Most Consumers Don't Know Their Credit Score," Oct. 25, 2013 |
2. |
Gallup, "One in Three Americans Prepare a Detailed Household Budget," June 3, 2013 |
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SOURCE GOBankingRates
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