The Importance of Financial Literacy

In your daily life, whether at your branch or while watching a credit card commercial, you may have come across the term "financial literacy" and thought it’s just another buzzword used by financial institutions to sound significant.

However, the truth is financial literacy is much more than that. It’s a life-long skill that takes time to develop. Financial literacy is so important that April is Financial Literacy Month! But don’t let that intimidate you. Learning to budget, save and invest your money doesn’t have to be stressful or complicated. Many resources are out there for you that help you build a stronger foundation for your relationship with money.

Financial literacy enables you to make smarter decisions regarding saving for a down payment, repaying loans, and more. Financial Literacy is essential when it comes to making smart money moves.

So, how do you become financially literate? Many financial news outlets, podcasts and books provide helpful information about today’s economic climate. You can also stop by your local PACU branch anytime or visit our website to explore our resources.

PACU acknowledges the power financial literacy can have. That’s why we invest in our employees to become Certified Credit Union Financial Counselors. Our valued counselors take the time to give you thoughtful, non-jargon guidance you can use, like:

• Building a strong savings foundation.
• Paying off debt without panic.
• Making informed decisions about loans.
• Teaching your children how to be money-smart, too.

Speaking of our CCUFCs, in honor of Financial Literacy Month, we showcase the financial know-how and tips from our CCUFC branch managers each week with video spotlights.

Follow us on our LinkedIn, Facebook, and Instagram profiles to catch clips from our counselors for advice on making the next right financial decision for you and your family.

The full video CCUFC spotlights can also be found on our YouTube.

PACU also knows it’s never too early to teach your children how to handle their money. We think that our children deserve the best when it comes to financial literacy education.

With our MoneyY-ZER Youth Lessons, we’ve created an age-specific curriculum that has something for kids from preschool through high school. The lessons cover everything from simple budgeting plans and saving money to choosing the right path for student loans for kids considering pursuing higher education.

Ready to boost your financial literacy during Financial Literacy Month? Check out more of our resources or schedule an appointment with one of our trusted financial counselors on our website.