The National Financial Educators Council has provided resources as well as educational materials that you can share with your employees and consumers this month.
04/08/2024 3:20 P.M.
2 minute read
As a part of the accounts receivable management (ARM) industry, ACA members are directly involved in consumers’ financial decisions. That’s why Financial Literacy Month in April is an important time for members to learn more about how to support consumer education on topics such as identity theft, scams and incorrect information on credit reports, all while talking to them about resolving debts.
On March 9, 2004, Senate Resolution 316 (SR316) was passed designating April 2004 as “Financial Literacy Month.” Senator Daniel Akaka sponsored the bill, which resolved to raise public awareness about the importance of financial education in the U.S. and the serious consequences associated with a lack of understanding about personal finances.
The bill states “that the President issue a proclamation calling on the federal government, States, localities, schools, nonprofit organizations, businesses, other entities, and the people of the United States to observe the month with appropriate programs and activities.”
To help other organizations fulfill the requirements of SR316, the National Financial Educators Council (NFEC) is providing complimentary personal finance resources and ideas for Financial Literacy Month.
Throughout April, the NFEC has numerous activities planned, including:
- National Teach Children to Save Day: Provides a platform for sharing standards and tips for teaching kids about money, emphasizing the importance of instilling financial literacy from a young age.
- Financial Educators Day: Celebrates the individuals who play a pivotal role in enhancing financial education, acknowledging their efforts in improving people’s lives through financial literacy programs and initiatives.
- Take Your Child to Work Day: Falling on the fourth Thursday of April, this day presents an occasion to showcase the benefits of exposing children to various career possibilities.
Find more resources on the NFEC website here.
Add Know My Debt to Your Website
One of ACA International’s most popular consumer education resources, the Know My Debt website, features content on topics such as identity theft, call frequency and credit reports. You can include the link to Know My Debt on your agency’s home page and give it to collectors to share with consumers.
Including a link to Know My Debt on your website, and encouraging your collectors to refer consumers to it in their phone conversations, ultimately builds confidence in the debt collection process.
Visit the Know My Debt website to learn more.
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