Got an idea for a new holiday? Let us know!
Submit Holiday

National Financial Awareness Day

Make National Financial Awareness Day your chance to take control of your finances - learn about budgeting, saving, and investing!
Growth - Techcloud X Webflow Template
Category
Cause
Weekly And Monthly Reports - Techcloud X Webflow Template
When it is?
August 14
Location Icon
Country
United States
Introduction

August 14 is a day to celebrate and spread financial awareness—it's National Financial Awareness Day! This special day was created in 2017 by the US Financial Literacy and Education Commission as part of their mission to promote financial literacy among Americans. On this day, we can all take time to reflect on our personal finances and make sure that we are doing all that we can for our future.

History of National Financial Awareness Day

National Financial Awareness Day Dates

National Financial Awareness Day Timeline

<div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1800s</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Birth of Modern Budgeting</div><div class='timeline-text'>The idea of budgeting, as we understand it today, emerged in the 19th century amidst rising industrialization and a growing middle class.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1933</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Federal Deposit Insurance Corporation</div><div class='timeline-text'>The FDIC was created to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1951</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Birth of Financial Planning</div><div class='timeline-text'>Specified financial planning and wealth management industries began developing widespread in the 1950s.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1974</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Introduction of IRAs</div><div class='timeline-text'>Individual retirement accounts (IRAs) were introduced allowing individuals to direct pretax income towards investments that can grow tax-deferred.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1996</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Roth IRA Creation</div><div class='timeline-text'>The Roth IRA, a retirement plan allowing for tax-free growth and withdrawal, was established by the Taxpayer Relief Act of 1997.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2017</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>National Financial Awareness Day</div><div class='timeline-text'>The US Financial Literacy and Education Commission created National Financial Awareness Day to promote financial literacy among Americans.</div></div></div>

How to Celebrate National Financial Awareness Day

<div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>1</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Organize your finances</h3><p id='' class='facts-text'>Take the time to go through all of your accounts, bank statements, and credit card bills. Make sure everything is up to date and accurate.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>2</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Set financial goals</h3><p id='' class='facts-text'>Think about what you'd like to accomplish financially in the next year or two--whether it's paying off debt, saving for a home, or investing for retirement.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>3</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Learn about investing</h3><p id='' class='facts-text'>Research different types of investments and find out what kind of investment best suits your goals. Read books and articles, listen to podcasts, or take an online course.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>4</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Create a budget</h3><p id='' class='facts-text'>Figure out how much money you have coming in each month, track where you're spending your money, and figure out how much money you can save each month.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>5</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Talk to a financial advisor</h3><p id='' class='facts-text'>A financial advisor can help you make the most of your money by creating an effective plan for managing your finances, setting realistic goals, and providing advice on how to reach them.</p></div></div>

Why National Financial Awareness Day is Important

<div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>A</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Financial awareness is key to financial security</h3><p id='' class='whywelove-text'>Having a basic knowledge of finances and money management skills are essential for achieving long-term financial stability. By having an understanding of how you can budget your money wisely, save for retirement and plan for any potential future expenses, you'll be better equipped with the know-how to stay financially secure.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>B</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Understanding your rights & responsibilities</h3><p id='' class='whywelove-text'>Being aware of your financial rights and responsibilities is equally important. Knowing what kind of protection is offered in case of identity theft, or understanding the specific regulations of opening a new bank account can help prevent any potential fraud and scams from taking place.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>C</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Being informed leads to smarter decisions</h3><p id='' class='whywelove-text'>By taking the time to review your finances regularly and educate yourself on common investment topics like stocks, bonds, mutual funds, and ETFs, you'll be more likely to make smart decisions when it comes to planning your future. You may even find yourself on track to reaching your financial goals that much faster!</p></div></div>

5 Unveiled Facts for Financial Awareness Day

<div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>1</p></div><div class='facts-core-content'><h3 class='facts-title'>The Average American Retires at Age 62</h3><p class='facts-content'> According to the U.S. Census Bureau, the average retirement age in America is 62. However, financial experts recommend starting to save for retirement as early as possible to ensure financial security.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>2</p></div><div class='facts-core-content'><h3 class='facts-title'>More Than Half of Americans Have Less Than $1,000 in Savings</h3><p class='facts-content'>A recent survey revealed that 58% of Americans had less than $1,000 in savings, highlighting the necessity of initiatives such as Financial Awareness Day to promote better money management and saving habits.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>3</p></div><div class='facts-core-content'><h3 class='facts-title'>Over 80% of Americans Have Some Form of Debt</h3><p class='facts-content'>According to a report by The Pew Charitable Trusts, 80% of Americans are in debt with a median total debt of $67,900 including mortgage debt, making debt management a central issue for many households.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>4</p></div><div class='facts-core-content'><h3 class='facts-title'>The Average Student Loan Debt in the United States is $37,584</h3><p class='facts-content'>As per the U.S. Department of Education, the average student loan debt per borrower is $37,584 reflecting a need for better financial planning and awareness from an early age.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>5</p></div><div class='facts-core-content'><h3 class='facts-title'>More Than 60% of Americans Could Not Cover a $1,000 Emergency</h3><p class='facts-content'>A Bankrate survey found that only 39% of Americans would be able to cover a $1,000 emergency from their savings, reiterating the importance of maintaining an emergency fund as a key component of financial health.</p></div></div>

National Financial Awareness Day FAQs

When is National Financial Awareness Day?

National Financial Awareness Day is celebrated on August 14th every year. In 2024, National Financial Awareness Day will occur on a Wednesday.

National Financial Awareness Day Dates

Year
Date
Day

2023

Aug 14

Monday

2024

Aug 14

Wednesday

2025

Aug 14

Thursday

2026

Aug 14

Friday

2027

Aug 14

Saturday

Cause Holidays