Financial literacy is the ability to understand and use financial skills, such as responsible money management, budgeting, saving and investing for the future.

Why is financial literacy important?
Being financially literate is the first step in being financially fit. Consider these facts:

• Personal finance is the number one topic of argument within a marriage.
• Parents rank teaching financial responsibility to their children near the top of their parent wish list.
• Only a handful of states require high school students to take a personal finance course before graduation.
• Poor financial literacy leads to poor decision-making, which leads to poor behavior, thus limiting the household's ability to reach its financial goals.

Arming yourself with financial literacy is a crucial part of responsible money management and a financially fit life.

Get financially literate this month, and make better money decisions all year long.