One of the most valuable skills any individual can have is knowing how to manage his or her money. This is called "financial literacy" and April is the month dedicated to promoting the importance of financial literacy.

Secretary of State Connie Lawson issued a press release this week stating that National Financial Literacy Month is a good time for parents to talk to their children about money.

Most adults report they learned their financial skills from their parents or were self-taught but only 26 percent of 13-21 year olds surveyed said their parents taught them how to manage money. Parents who talk with their kids about finances give their children a strong foundation to understand how to use money and credit wisely so they will be financially fit as adults and less likely to stress about financial burdens.

"Forty-one percent of U.S. Adults, or more than 92 million people living in America, gave themselves a grade of C, D or F on their knowledge of personal finance, leaving substantial room for improvement," Lawson said. "We must teach our children about money so they understand saving, investing and credit. Financial literacy empowers them to make wise choices when spending their hard-earned money, improves their quality of life and enables them to meet their financial goals as adults."

Parents should start the conversation by talking to their kids about the basics such as how earning money works, how to save and how to budget. Parents can access information and tools to get the conversation started for free at Parents can also access information for themselves on the basics of budgeting, debt management, investment advice and retirement planning. Information is available for Hoosiers at every stage of life and at all levels of financial education.

The Indiana Secretary of State's Securities Division created Indiana Investment Watch to increase financial literacy in Hoosiers and to educate them about the various types of securities fraud. The program is funded by fines imposed on violators of securities laws.

Many parents can improve their financial literacy skills at the same time they are trying to impart this knowledge to their children. A good place to begin is at