April 21, 2023 | by Michael Wilt
In honor of April being National Financial Literacy Month, we've compiled a few of our favorite previous On the House posts that provide financial counseling resources and underscore the importance of financial education.
Financial Literacy: What It Is and Why It’s So Important
In this post, we cover the basics of financial literacy, including how it's defined and the pivotal first step needed to set yourself up for financial success. This piece also recognizes that financial literacy isn’t the only key to financial health and touches upon other factors that play a role in it.
Home Buyer Education and Financial Counseling Pay Off
One of our earliest posts on financial education recapped two different reports that provided evidence of the benefits of financial education. Most notably, financial education led to "improvement in levels of revolving debt and total debt, better money management and improved financial confidence" for people that received financial education versus those that didn’t.
While not directly related to financial education, it also explores the benefits of home buyer education in setting up individuals for long-term success as homeowners.
4 Tips to Help You Avoid Going into Debt This Holiday Season
While this post was specifically written about spending during the holiday season, the tips provided can be used year round, especially surrounding events or times of the year that may require more from your budget. It also explores how debt and specifically credit card debt may impact your ability to reach your financial and homeownership goals.
We also offer the below resources. These are for individuals trying to identify financial and home buyer counseling in their area and counselors who provide that counseling in their communities.
Texas Financial Toolbox
Texas Financial Toolbox is a free, online resource that connects consumers with local nonprofits that provide home buyer education, financial and credit counseling, and foreclosure prevention counseling. This is a great place to start for anyone looking to improve their financial well-being.
Housing Connection is TSAHC's training program for housing and financial counselors to help them provide the best possible guidance to Texans at little or no cost.
Texas Foundations Fund
This TSAHC program provides grants to local housing nonprofits that provide critical home repairs, housing counseling services, or supportive services. Last year, we expanded the guidelines to include funding specifically for housing and financial counseling services.
To access all of On the House's content on financial literacy and financial education, click here.
On the House blog posts are meant to provide general information on various housing-related issues, research and programs. We are not liable for any errors or inaccuracies in the information provided by blog sources. Furthermore, this blog is not legal advice and should not be used as a substitute for legal advice from a licensed professional attorney.