April is Financial Literacy Month
April is Financial Literacy Month – Let’s Grow Good Money Habits Together!
At People’s Bank of Seneca, we believe that building strong financial habits starts with the basics. It’s never too late (or too early) to start learning. Financial literacy is for everyone, from kids just starting to understand money to adults working toward financial goals. Teaching children about money early helps them develop lifelong habits. Simple steps like using a piggy bank or youth savings account, giving a weekly allowance to practice budgeting, and helping them track spending can make a big impact.
For adults, budgeting is one of the most powerful tools to stay in control of your finances. One easy method is the 50/30/20 rule: allocate 50% of your income for needs like housing and bills, 30% for wants like entertainment, and 20% for savings such as an emergency fund or retirement. Keeping your budget simple and consistent is the key to long-term success.
It’s also important to avoid common money mistakes that can derail your progress. Are you paying yourself first? Even saving $10 or $20 a week can build up over time. Do you have an emergency fund? Aim to save at least 3–6 months of essential expenses. Set clear, realistic financial goals, like paying off debt or saving for a car, and regularly check your bank accounts to stay on top of your spending.
At People’s Bank of Seneca, we’re here to support your financial journey every step of the way. Whether you're just getting started or looking to fine-tune your money habits, we're proud to be your partner in building a brighter financial future. Let’s grow good money habits together!
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