5 Resources for Financial Literacy Month 2023

Financial Literacy Month

April is Financial Literacy Month in the US, a month dedicated to financial education for the last 20 years. But financial literacy levels remain low, with only 57% of adults in the US considered financially literate. And with rising costs and record inflation, the last several years have been taxing for many households’ budgets. Those focused on sending money to support their families abroad have felt the strain even more.

Now more than ever, it’s essential to focus on inclusive and reliable financial education so people can reach their financial goals, whether it’s sending more money back home or saving for a car or a home. At Remitly, we’re committed to ensuring people have access to the information and resources they need to make smart financial decisions for their unique circumstances. Below, we’ve rounded up some of our guides and tips that can help you brush up on the basics or plan for a more significant financial move, like starting a business:

1. How to Make a Budget in 4 Steps: Your Guide for 2023

Having a budget can be one of your most valuable tools to make your money go further. It’s the key to being savvy and efficient with your money. While it can take time to figure out how to create a budget that works for you, it can provide you with a solid foundation for financial success and stability. From understanding different budgeting tactics (zero-based budgets, 50/30/20, or pay-yourself-first) to the tools that can help you stick to your budget, this guide is a great resource to start with.

2. How to Wire Money Online Safely 

With the rise of online banking and digital money transfers, wiring money digitally has never been easier: but with that ease comes bad actors and scammers, who often target young adults, the elderly, and immigrants. Refresh your knowledge with insights around how to protect yourself from scams with a few additional steps, like two-factor authentication and opting for a data connection instead of shared Wifi.

3. What Is Inflation? A Quick Guide for 2023

Inflation remains high, and the average cost of living has increased, shrinking the purchasing power of families across the country. You probably notice it when shopping for groceries or filling up the gas tank. But how is inflation defined, exactly? What causes it? We’ve got your answers in this guide.

4. Spring Cleaning with Your Finances: 3 Steps for a Fresh Start 

Between creating or refreshing your family’s budget, utilizing budgeting tools, or setting up automatic payments to reduce late fees, there are tons of adjustments you can make to strengthen your financial foundation over time. Check out more strategies to “spring clean” your finances with a few small tweaks.

5. Beginner Investing Guide: What You Need to Know in 2023

Whether you’re funding a retirement plan or you want to save for your child’s education, investing helps with long-term financial goals. Investing money today can help you build more savings over time, but it can feel overwhelming to start. In our guide to beginner investing, we break down the process, jargon, and tools to help simplify investing and get started.

If you’re sending money to family or friends living abroad, Remitly can help. Remitly is on a mission to make international money transfers faster, easier, more transparent, and more affordable. Download the Remitly app to learn more.