April Is Financial Literacy Month

Economy Continues to Affect Personal Finance Behaviors

                                                           April Is Financial Literacy Month

                       Economy Continues to Affect Personal Finance Behaviors

PHILADELPHIA – Since 2004, April has been recognized as National Financial Literacy Month and in Pennsylvania, the State House of Representatives unanimously adopted House Resolution 653 Monday, dedicating April 2012 as Financial Literacy Month throughout the Commonwealth. The goal of Financial Literacy Month is to teach Americans how to establish and maintain good financial habits. As consumers have wrestled with the roller coaster economy, they have become more receptive to financial literacy messages, including tips on how to save, manage debt, and plan for life events such as college and retirement.

Members of the Pennsylvania Institute of Certified Public Accountants (PICPA) support financial literacy initiatives by participating in programs across the state geared toward the general public. These programs, delivered by CPAs in the workplace, classroom, and other group settings, will cover a variety of financial topics. Last year, the PICPA provided 88 programs across Pennsylvania, partnering with Girl and Boy Scout troops, local colleges, libraries, and legislative offices to help individuals reach their financial goals. PICPA's financial literacy programs are offered at no cost, and can be scheduled by contacting the PICPA Communications Team at communications@picpa.org or (888) CPA – 2001.

PICPA's website – www.IneedaCPA.org – offers resources that help consumers take control of their finances. The site's free Ask a CPA service allows visitors to submit financial questions to PICPA members. They can also browse previously asked and answered questions covering individual and business topics. CommonWealth Tip financial columns, addressing topics such as college savings, tax, and insurance are also available for reference. Visitors to the site will also find videos detailing financial tips, issues of the CommonWealth Sense newsletter, and a form to request a CPA speaker who can deliver a financial literacy topic of choice.

Nationally, CPAs have embraced the Feed the Pig financial literacy campaign. The American Institute of CPAs (AIPCA) and the Ad Council created the Feed the Pig campaign to encourage Americans ages 25 to 34 to save. Using the idea of saving money in a piggy bank, the program touts the message, “Small changes add up – feed the pig.”

Feed the Pig complements the CPA profession's 360 Degrees of Financial Literacy by logging on, consumers can find information that covers financial issues faced at each stage of life, including college, marriage, and retirement. The site, developed and maintained by AICPA, houses hundreds of articles, calculators, and other tools to help consumers make sound financial decisions.

For more information on PICPA's financial literacy programs in your area, please contact Kathleen Miller at kmiller@picpa.org or (215) 972-6188, or Jacqueline Barnard at jbarnard@picpa.org or (267) 675-6255.

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The Pennsylvania Institute of Certified Public Accountants is a professional association of more than 20,000 CPAs who work in public accounting, industry, government, and education. Founded in 1897, PICPA is the second-oldest state CPA organization in the United States. To find a member CPA in your area, visit our web site at www.picpa.org and click no CPA Locator.

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