FLM is over, but the path to financial wellness doesn't end

There are a lot of similarities between the efforts to lose weight and improve your financial situation. Both efforts take discipline are well worth the work. They also take time. Just like a 30-day crash diet does not provide you with long-term health benefits, a month of financial literacy will not make you financially well for a lifetime. What 30 days of financial literacy can do is get you on the right path. How do I know? In addition to writing the steps, I went through them myself and blogged daily about the experience. I discovered that some of the steps were easier said than done (did you notice that the expense worksheet in Step 21 has 672 boxes!?) But I also discovered that all the steps were necessary to establish a financial foundation that can be built on for a lifetime. If you went through the 30 steps, you’ve probably had it up to here (meaning you’re neck) with budgeting, reviewing credit reports, analyzing assets and liabilities and everything else related to money management, but don’t fall apart yet! The final week is when everything you’ve worked so hard for finally comes together. Your path is clear and you have the tools and knowledge to achieve your financial goals, all you need is a little bit of drive and a fresh commitment to continue putting in the work. If you haven’t started yet, now is the time. Don’t get hung up on the fact that April is Financial Literacy Month; every day is a good day to start on the path to financial wellness. Would it help if we called this the Financial Literacy Year? The key is that you need to make healthy habits part of your life—your every day life.

Kim McGrigg is the former Manager of Community and Media Relations for MMI.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.