April is Financial Literacy month

By Pat Melgares, K-State Research and Extension news service

MANHATTAN, Kan. – Americans may view April as tax season, but Kansas State University family resource specialist Elizabeth Kiss says it can also be a springboard to plan for financial success.

In fact, in the U.S., April is recognized as Financial Literacy Month.

“The thing about money is it’s a process, right?” Kiss said. “It’s not one-and-done usually, and so a whole month gives us a chance to think about our money in different ways and to think about what actions we might take to use it wisely.”

Kiss said the U.S. Government’s Financial Education and Literacy Commission promotes five principles for Americans to keep in mind as they make day-to-day decisions about money and plan their financial goals.

They are:



“Everybody will manage their money differently, and these are principles – they’re not hard and fast rules,” Kiss said. “We can’t always stick to these principles depending on our circumstances.”

Kiss said parents should also consider discussing the family’s financial strategies with children, considering what is age appropriate. She and a colleague – child development specialist Bradford Wiles – have published a fact sheet, Through a Child’s Eyes, aimed at teaching children about earning, spending, sharing, borrowing and saving.

Kiss also recommends the publication, How Are You Doing? A Financial Checkup, available from the K-State Research and Extension bookstore. More information also is available at local extension offices in Kansas.