First State Saves Celebrates National Financial Literacy Month

by Quadia Muhammad, Program Director, Delaware Financial Literacy Institute

To celebrate National Financial Literacy Month, which is commemorated during the month of April, the Delaware Financial Literacy Institute (DFLI), the coordinators of First State Saves, encourages Delawareans to build their savings and not their debt.

Ronni Cohen, Executive Director of DFLI, encourages young adults to learn more about their finances and to cultivate a habit of saving early and often. “Dealing with money is more complex today compared with that of a generation ago,” said Cohen. “Twenty years ago, knowing how to maintain a checking and savings account was enough for most Americans. Today, consumers require both financial and technical knowledge and the ability to differentiate among a myriad of products, services, and providers of financial products to manage their money successfully.”

“Americans now have access to credit much earlier than their parents did,” Cohen continued. “Today it is critical to have a strong understanding of credit and the impact of compound interest. The good news is that it’s never too early – or too late – to learn how to manage money, and DFLI is here to assist.”

In honor of Financial Literacy Month, DFLI has created the 30-Day Money Challenge. Participants are encouraged to make money a part of everyday conversation utilizing 30 tips and tricks to save. DFLI will also be hosting the following free local events in celebration: Colossal Couponing, Family Night at Junior Achievement, and College Secrets: How to Save Money and Cut College Costs.

About The Delaware Financial Literacy Institute
DFLI sponsors First State Saves, an America Saves affiliate. First State Saves is dedicated to helping individuals save money, reduce debt, and build wealth. Participants are encouraged to determine a financial goal and to make a pledge to save. For more information about DFLI and First State Saves visit

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Administrator2 | January 9, 2014

    Fourth saving strategy: Save automatically through a monthly transfer from checking to savings

Saver Stories View all »

Taking Steps Toward Financial Fitness

Written by Tammy G. Bruzon | November 7, 2014

Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.


Challenging Herself to Save

Written by Sara Cooper | April 15, 2014

It all started when Marchale Burton overheard Alabama cooperative extension colleague Isaac Chappelle, coordinator of Alabama Saves, explaining how saving just a little bit – even change – is all it takes to become a saver. “I thought about that,” Burton said, “and wanted to see if it would work.” So, she challenged herself to see how much change she could save.


The Gift of Homeownership

Written by Tammy G. Bruzon | August 5, 2015

Quaneka Willis, a single mother of three children, was receiving rental assistance through the Housing Authority of the City of Milwaukee when she decided to take control of her finances. So, in September of 2013 she attended the Make Your Money Talk program and pledged as a Wisconsin Saver. In less than 12 months, she had maximized her savings and was beginning the process of purchasing her first home.


Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving