April is Financial Literacy Month, and Federated Bank joins in celebrating and promoting its ideals. We would like to encourage our customers to take control of their financial future and learn fiscally responsible habits that can benefit them at every age and stage of their financial journey.
Twenty-seven percent of Americans report that “just getting by financially or finding it hard to get by” describes them completely or very well. Meanwhile 59% want financial advice, but only a third (32 percent) turn to registered financial advisors for help, despite the fact that 68 percent indicated a personalized financial plan based on their goals is important.
Strong financial principles as well as putting money management practices into action can help avoid financial missteps and improve your financial outlook at any age or life stage. Often referred to as America’s favorite lenders, community banks are financial experts with a wealth of knowledge and local expertise to help consumers with:
- Budgeting to help you track income and expenses and build a plan to manage your finances, reach your financial goals, and create a nest egg.
- Saving and investing to help you assess savings and investment goals and vehicles.
- Using credit to establish and maintain good credit so you can reap the benefits from this convenient and flexible form of payment without the consequences of mismanagement.
- Understanding debt load and available options like debt consolidation before taking out a loan.
The key to achieving your lifetime goals is understanding financial principles. The support of local trusted community banks like Federated Bank can help customers achieve financial independence through the responsible management of money. This includes the wise use of savings, investments, and debt. Whether you’re looking to fund educational pursuits, start a business, or plan for retirement, we can help you assess your situation and evaluate possible solutions.
No matter what stage of life you find yourself in or what financial goals you want to pursue, now is the best time to get started. Don’t worry about what has happened in the past or what lies ahead in your future; just start where you are and move in the right direction. Visit us at FederatedBank.com to learn more about our offerings or stop by one of our local offices to talk with our knowledgeable and friendly professionals.