National Financial Awareness Day

Man and women looking over finances

There’s nothing quite like financial independence. Being debt-free and having a healthy savings can contribute to your peace of mind. Making sound financial decisions is paramount, so you don't have to worry as much about money and be prepared in case of emergencies. 

And there’s no time like National Financial Awareness Day to take a moment to review your finances and spending habits — and start planning ahead! National Financal Awareness Day is observed on August 14th, with the goal of assisting people in developing and maintaining financial practices that lead to increased financial stability.

Don’t worry if you struggle with this, you’re not alone. Consider the following statistics.* 

  • 58% of Americans have less than $1,000 in savings
  • 20% of Americans are unable to save any of their annual income
  • 50% of Americans live paycheck to paycheck
  • 32% of Americans maintain a household budget
  • 24% of millennials in America demonstrate basic financial literacy  

*Stats courtesy of National Today

Understanding your finances and making good fiscal decisions shouldn’t be complicated or intimidating. Building up your financial literacy pays off in the long run. We offer MoneyEDU, a self-directed online financial wellness education tool, to help you level up your financial game.

Work on creating a budget that allows you to free up money that you can invest. Use a spreadsheet, online service, or app to track your spending. You might be surprised to see just how much you spend on something — money that could be better served being invested. Also, we’ve partnered with industry-leading BALANCE to provide you with free access to expertly-crafted financial education and resources to help with your fiscal matters.

Another way to observe National Financial Awareness Day is to invest money toward your future. Put your spare cash or extra savings to work for you. Investing is one of the few ways you can spend and earn back on that money spent. Talk to one of our TwinStar CU Financial Advisors today to find out how we can help you.†

We are are committed to helping all of our members and employees achieve financial well-being. Please don’t hesitate to contact us by phone or at one of our branches if you have any questions. 

Together, we can help you build and maintain financial practices that set you up for long-term success.

†Twinstar Financial Advisors is a marketing name of Cetera Investment Services. Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFG STC Insurance Agency LLC), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Advisory services are only offered by Investment Adviser Representatives. Investments are: • Not FDIC/NCUSIF insured. • May lose value. • Not financial institution guaranteed. • Not a deposit. • Not insured by any federal government agency.