Financial literacy is critical for maintaining stability and achieving long-term financial success. Without a basic understanding of key financial topics, consumers run a high risk of encountering problems.
Fort Lauderdale, FL (PRWEB) April 01, 2015
In honor of National Financial Literacy Month this April, Consolidated Credit has launched a new Financial Literacy Resource Center through their website. It offers a wide range of free financial literacy tools designed to help users assess and expand their financial understanding in order to build better, more stable lives for their families.
“Financial literacy is critical for maintaining stability and achieving long-term financial success,” says Gary Herman, President of Consolidated Credit. “Without a basic understanding of key financial topics, consumers run a higher risk of encountering problems with debt and may struggle more to reach their financial goals. Through this type of education, consumers are empowered to thrive in today’s complex financial environment.”
Using a simple 20-question Financial Literacy Test a user can establish a baseline of financial knowledge and identify areas of education where there is need improvement. This helps each individual focus during the limited time they have available for financial research so they can zero in on building knowledge they may lack.
“We often hear from clients that they feel overwhelmed when it comes to seeking out the right financial education resources,” Herman explains. “This test is designed to help people identify potential weak points in their understanding, so they can have clear objectives to build the knowledge needed.”
In order to simplify the financial research and education process, Consolidated Credit has broken up financial literacy knowledge into eight key areas of interest: budgeting, saving, basic needs management, banking, healthcare cost management, debt, credit, and retirement planning. By dividing the resources up using these eight categories, it also ensures a user establishes a solid foundation in all of the aspects needed in order to achieve broad-term financial stability.
Consolidated Credit details this concept of dividing financial understanding into eight key areas in a helpful Financial Wheel of Life Infographic. The idea is that by balancing time, research, and money equally between all eight key areas of understanding, a user can achieve the financial balance necessary in order to move forward and achieve financial goals.
The 30-Day Financial Literacy Check List gives users a specific task they can use each day to build knowledge and improve their financial world. A user can complete each task in less than 30 minutes. After 30 days, once the user has taken a few actions related to each of the eight key areas of financial knowledge, they will have a better understanding of their financial outlook and a roadmap for continued financial success in the future.
Finally, Consolidated Credit has established a special Financial Literacy Hotline. Callers can get answers to their specific questions from certified credit counselors at no charge. The number to call is 1-888-696-9292 and counselors are available to chat live Monday-Friday during regular business hours.
About Consolidated Credit: Consolidated Credit is one of the nation’s largest credit counseling agencies. In over 20 years, they have helped over 5 million people overcome challenges with debt and other financial issues. Their mission is to assist families throughout the United States to end financial crises and solve money management issues through education and professional counseling. Visit ConsolidatedCredit.org for more information.