April is Financial Literacy and Capability Month in Wisconsin. This month is not only about money, but it also is about bringing awareness to the institutions and markets that help shape our financial system. Wisconsin is not the only state advocating for increased financial literacy and capability; in fact, states throughout the nation are implementing initiatives that aim at providing more financial education.

Financial institutions throughout the state include banks, credit unions, insurance companies, state and federal agencies, consumer groups, and private sector businesses. During the month of April they have joined forces to increase financial education for the benefit of all Wisconsinites. For example, a tool aimed at youth is called “Money Smart Week,' which provides advice on how to save for college as well as how to find grants and loans.

These financial institutions are also working to raise awareness of various programs offered by the state. For example, did you know that the state provides help setting up a savings account for people with disabilities to pay for both short and long-term expenses tax-free (ABLE Accounts)?

Making these resources and programs available to all Wisconsinites is a huge step in the right direction as it will allow individuals to better understand complex financial decisions and enable them to independently make the decisions that are best for them. For more information on what specific programs and resources these financial institutions offer, visit the Department of Financial Institutions website.