With April being National Financial Literacy Month, Michigan Treasurer Rachael Eubanks is calling on residents to check out the new Michigan.gov/MiMoneyMatters website for a free personal finance education program.

The site provides access to free, on-demand learning tools, such as

≤ Financial Checkup: Get a financial checkup and personalized recommendations in less than five minutes.

≤ Money Personality: Discover your money personality and see how it affects your money decisions.

≤ Budget Tool: Use the Budget Tool to build smart spending habits by keeping track of expenses.

≤ Borrow Smart: Learn how to “borrow smart” and manage student loan repayment options.

MI Money Matters has interactive tools, videos and articles covering budgeting, mortgages, health care, college savings, student loan repayment, banking, credit, financial planning, long-term care and more.

“Financial education is critical to the success of Michiganders through every stage of life,” Eubanks said in a news release. “We invite all Michiganders to empower themselves with the free resources available through MI Money Matters this April during National Financial Literacy Month.”

The state treasurer’s appeal comes as a new Michigan Department of Treasury statewide survey of Michigander households with annual incomes of less than $125,000 shows 4 of 5 say they have never received any formalized education or training in household finance. That includes —

≤ 78% of metro Detroiters who have not;

≤ 77% of West Michigan residents who have not;

≤ 81% of residents in Central/East Michigan who have not;

≤ 84% of Northern/Upper Peninsula residents who have not.

The free tools available at Michigan.gov/MiMoneyMatters will help the —

≤ 40% of households with incomes of less than $125,000 who aren’t confident in their ability to create a debt paydown plan;

≤ 35% who struggle to create a monthly budget;

≤ 47% who find saving money difficult.

More than 75% of the survey respondents would like to learn more about key financial topics such as investing, building an emergency fund, saving for retirement and creating a household budget.

Michigan is the 14th state in the U.S. to guarantee its students have access to a personal finance education course before high school graduation.

A bipartisan bill passed by the state Legislature in 2022 and approved by Gov. Gretchen Whitmer mandated that personal finance classes be offered to all Michigan students starting with ninth graders in the fall 2025 academic year.

The Treasury Department’s study methodology consisted of an online survey among 900 Michiganders recruited from a national consumer panel. The online survey was fielded Feb. 13-25.

Respondents were screened by criteria that included being age 18 or older, residing in Michigan and having annual household incomes of less than $125,000.