National Financial Awareness Day

Are you considered a financially literate person? National Financial Awareness Day is specially created for everyone to learn how to properly manage their budget! Studies show that people make rash actions with money and get into big debts. Do you want this not to happen? Find out more about the holiday!

The History

National Day is a reminder to take investment and savings seriously. We do not know the founder of the holiday, but he definitely wanted to convey that waste is not a man’s best friend.

Everyone is able to learn the main financial principles, but this is not enough, it is important to put them into practice. It is worth introducing some habits into your life that bring benefits.

There is an expression “Why work for your money when you can make it work for you?”. And it is right! With financial knowledge, you can build a less bumpy path to wealth.

An equally interesting phrase is “Money can’t buy happiness”. It’s hard to argue with that. But the lack of money will not bring anything positive.

Interesting facts

Interesting points in numbers:

• 20% of Americans have no savings;
• 40% of young people do not repay the loan;
• 8% of US residents believe that they will never cope with debt;
• 44% of people will not pay for a $400 emergency;
• Difficulties with money are the main cause of quarrels and divorces;
• Isaac Newton lost a decent amount in a pyramid scheme.

How to celebrate

Do you have a “free” amount? Invest it in a profitable business. It is important to study a lot of information or consult with a specialist, but the future result will definitely please.

On National Financial Awareness Day, visit your nearest mint and learn a little more about banknotes.

Create a budget and write down everything you buy. To do this, you can use a regular wallet or a special application on your smartphone. You’d be surprised how many junk you buy!

When is National Financial Awareness Day celebrated in 2022?

National Financial Awareness Day is observed on August 14 each year.

Observations