April is Financial Literacy Month

Updated: Apr 2, 2019

Financial Literacy Month, Black Coffee Company, Saving, Credit Cards, Student Loans, Investing, Brokerage Account, 401k, Retirement, Budgeting, Financial Wellness, Financial Coaching
April is Financial Literacy Month

In a world filled with an abundance of credit card offers, rising student loan debt, and the projection of Social Security funds being depleted by 2033, the individual consumer is left struggling trying to navigate and plan their financial future. The Black Coffee Company understands the importance of financial literacy and its impact on the quality of life. We are dedicated to providing the community with the tools and resources to establish and maintain healthy financial habits.

Throughout the month of April, The Black Coffee Company will provide tips, fun facts, activities, and educational resources geared toward promoting/increasing financial knowledge, skills, and confidence.

We hope increased financial discussions/engagement in group settings will lead to healthy financial behavior.

This blog post covers the first ten days of financial literacy month campaign with a mix of fun activities and general information regarding improving your financial literacy.


Day 1: [Activity] Financial Literacy Test

Let’s kick-off Financial Literacy Month (FLM) with seeing how financially literate you are. Below are two online tests to assess your financial literacy. Share your results if you dare...have fun!!!


Day 2: [Activity] Donate to your favorite organization/charity

The Black Coffee Company is dedicated to giving back, not only with our time, knowledge, and experience, but also with our proceeds from our sales. Below are a few organizations you can donate to:


Day 3: [Information] List of organizations that promote financial literacy

Below are links to organizations/sites that promote financial literacy and are a great resource to learning more about saving, investing, budgeting, etc. The list is obviously not exhaustive, if you know of other sites you found useful, please let us know via @blkcoffeeco

or in the comments section at the bottom of the page.


Day 4: [Information] Dave Ramsey Baby Steps

Those that know Dave Ramsey, know that he lives by his Baby Steps as a guide to live a happy, debt,-free, and giving life. Below are his 7 Baby Steps:

  1. Save $1,000 for your starter emergency fund

  2. Pay of all debt (except the house) using the debt snowball

  3. Save 3 to 6 months of expense in a fully funded emergency fund

  4. Invest 15% of your household income in retirement

  5. Save for your children’s college fund

  6. Pay off your home early

  7. Build wealth and give


Day 5: [Activity] Credit card offers

Keep track of the number of credit card offers you receive in the mail for the next two weeks.

The consumer credit card industry is a trillion dollar industry. Their marketing is very aggressive. Share the number of credit card offers you get via @blkcoffeeco.Our bet is that you will get at least 5 offers, which is ridiculous considering the amount of trees they are killing just to get the consumer to sign up for their credit card.


Day 6: [Information] 9 Simple Steps to Improve Your Financial Behavior

The 9 simple steps are from book "The Index Card: Why Personal Finances Doesn’t Have to be Complicated" by Harold Pollack and Helaine Olen. It is a very easy read. Pick it up for free at your local library or purchase it (you will not regret it), Below are the 9 steps:

  1. Strive to save 10% to 20% of your income

  2. Pay your credit card balance in full every month (Use cash as much as you can)