Washington State Department of Financial Institutions

News Release

Wednesday, March 31, 2010

Contact

Lyn Peters, Director of Communications
PH (360) 902-8731, lyn.peters@dfi.wa.gov

Jeremy Lushene, Webmaster and Financial Education Outreach
PH (360) 902-0506, jeremy.lushene@dfi.wa.gov

FOR IMMEDIATE RELEASE:


DFI Launches Statewide Financial Education Calendar In Time For Washington Financial Literacy Month 2010 April 1 Start

Existing financial education calendars from organizations throughout Washington State are compiled in a single location making it easier to find financial education in your community.

OLYMPIA – Recognizing Governor Chris Gregoire declared April as Financial Literacy Month in Washington State the Washington State Department of Financial Institutions (DFI) is pleased to announce the launch of a new statewide financial education calendar.

Washington Financial Literacy Month is part of a national awareness campaign with the goal of increasing public knowledge about the need for and value of personal financial education and how to obtain it. DFI is working with organizations providing financial education in their communities to incorporate existing calendars into a single searchable, comprehensive statewide calendar of financial education classes and events: http://dfi.wa.gov/financial-education/calendar.htm.

Throughout April DFI and partner organizations will increase efforts to connect people with local money management information, resources, and organizations that can help individuals achieve their individual financial goals – from learning how to budget to how to avoid investor fraud.

A 2008 survey by The Hartford Financial Services Group, Inc. indicates “Nearly 72% of the parents surveyed acknowledged that they are their children's primary source of personal finance education, although 44% admit to needing more guidance on how to best teach their children the skills necessary to become financially responsible and successful adults.”

DFI and participating financial education organizations encourage all Washington residents to focus on financial education throughout this month – in particular, we hope parents will take this opportunity to take advantage of these resources and talk with their children about budgeting, saving, investing and spending wisely.

According to the 2008 annual back-to-school survey from Capital One “Only 14% of teens have taken a personal finance class in school and 69% of teens say that what they know about managing money, they learned from their parents.”

If your organization offers financial education classes or events and has a calendar please let us know – we want to make sure your items are included in the statewide calendar! If you have a calendar item to add, click on the link to submit, fill out the form and hit “send.” Please be sure to indicate if registration is required or if there is a charge.


About DFI
www.dfi.wa.gov ▪ 360.902.8700 ▪ 877.RINGDFI (746.4334)
The Washington State Department of Financial Institutions regulates a variety of financial service providers such as banks, credit unions, mortgage brokers, consumer loan companies, payday lenders and securities brokers and dealers. The department also works to improve financial education throughout Washington through its outreach programs and online clearinghouse www.dfi.wa.gov/financial-education. In addition to posting information about licensees and administrative actions, DFI uses the Web and social media to provide financial education information:
www.twitter.com/FinEd4Allwww.twitter.com/DFIConsumersfinlit.blogspot.comwww.youtube.com/user/WADFIwww.homeownership.wa.gov

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