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Financial Literacy Month: Commit to Change

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Donell Edwards, Blogger

DONED2014 SmallAbout Donell Edwards: Donell Edwards is President of CWR Media and is also founder and publisher of The College World Reporter (CWR) magazine and CWR World News & Information Service.  He is also a professional speaker, freelance writer, and entrepreneur.



Know Your Money
Tuesday – April 8, 2014

Knowing Your Personal Finances
Financial Literacy Month
Commit to Change
By Donell Edwards

It is always important to understand why, something is done.  It is necessary to know the purpose of having a goal.  In that regard, why are we writing this blog?  What is the purpose?

As a result of my own personal experience with money management and what I have learned from my experiences with others and research that I have conducted, it became obvious to me that many people need help with personal money management.

That opinion is supported by facts.  In a survey of over 2,000 U.S. adults conducted in March of this year by Harris Poll, these facts were discovered:

  • 34% of households carry month-to-month credit card debt
  • 60% haven’t checked their credit score in the last 12 months, and 65% have similarly neglected their credit reports
  • 41% would grade themselves a “C” or lower when it comes to financial know-how
  • 61% of U.S. adults don’t even have a budget

The facts show that whether or not most will admit it, a very high percentage of American adults need help managing their personal finances.

And there is no better time than right now, today, to begin working to achieve success in improving personal money management, because April is Financial Literacy Month.  During this month we will be sharing with readers of this blog information from a variety of sources promoting financial literacy.  One of our primary sources is Money Management International.

Today we will consider the first step in Money Management International’s Thirty Steps to Financial Wellness program, Commit to Change.

As we have repeatedly stated, behavior modification, which is the second step in the Know Your Money program, is essential to success.  The Money Management International Commit to Change step supports our position about the need to change, to change attitudes and behavior about personal finance.

This is what Money Management International says about committing to change in the first step of their program:

The first and most important step in developing and following a financial plan is to examine your attitudes about money.  Are you ready to accept responsibility for changing your financial situation?  Do you believe that you can and will change the way you make financial decisions?  Can you identify at least one benefit you hope to gain by changing your money management behavior? (Source:  Money Management International Website – http://www.financialliteracymonth.com/30Steps/Step1.aspx


Happy family of five together at home


There is also a pledge that serious, committed individuals can take at the Money Management International website.  Just go to the link above and scroll down to read the pledge, and take the pledge.  We recommend that you do.

Know Your Money does not claim to be the panacea for all personal money management issues, and we gladly refer readers to any and all sources that we discover that will enhance our readers ability to improve their personal money management skills.  We recommend that readers seriously consider following the Money Management International Thirty Steps to Financial Wellness program this month, as you continue reading Know Your Money.

Have a fantastic day! 


If you have questions or need help we are just an email away.  Send your questions to Info@KnowYourMoneyGlobal.com

We Would Like To Hear From You:
If you would like to share with our readers how “bad” spending habits have affected you, anonymously or otherwise, for our upcoming special, “Confessions Of Spendaholics,” please send your experience to comments@knowyourmoneyglobal.com.

Recommended Reading:
Member of the President’s Council for Financial Literacy talks about commitment

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1 Comment

  1. Carmelita says:

    Hi Donell,

    I know I would be a millionaire if I had been smart enough to manage my money over the years and saved some of it rather than treating myself to everything I wanted, most of what I really didn’t need. Yes, I have really treated myself. I.m definitely one of those “should’ve, would’ve, could’ve” individuals.😊


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