April is National Financial Literacy Month. The purpose is to remind Americans of the importance of being knowledgeable about financial topics and how to establish and maintain healthy financial habits.
Here are four basic finance lessons you can practice every day :
Budget – spend the money on paper first so you know where your money is going. Otherwise it's going to leak out everywhere and you won't have anything saved.
Pay yourself first – Put money away before you spend. You can tell yourself you'll save what's left, but you won't do it. Make sure you're contributing to your 401(k) or other retirement plan at work and that you're contributing at least the amount that will get your employer's full matching contribution. Then try to increase your contribution each year or when you get a pay raise or a bonus.