Washington State Department of Financial Institutions

News Release

Friday, April 19, 2013

Contact

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

FOR IMMEDIATE RELEASE:


Jump$tart Washington And DFI Coordinate Money Smart WeekŪ & Financial Literacy Reading Days During Financial Literacy Month

Attorney General Ferguson and Bremerton Mayor Patty Lent join community leaders lending time helping students learn about money, financial workshops scheduled throughout the state

OLYMPIA – The Washington State Department of Financial Institutions (DFI) is pleased to be one of the Jump$tart Washington Coalition’s many partners celebrating April as Financial Literacy Month and Money Smart WeekŪ April 20-27.

“As Washington residents continue to dig their way out of the recession, having fundamental financial building blocks in one’s toolbox will help make this task less stressful,” DFI Director Scott Jarvis said. “Understanding the importance of a family budget, regularly having discussions about credit and debt and preparing for emergencies and retirement — these are all things every Washington resident must be able to do in order for them to experience financial freedom.”

Statistics from the “2012 Making the Case for Financial Literacy,” a compilation of financial literacy surveys conducted in the U.S. created by the national Jump$tart Coalition for Personal Financial Literacy continue to illustrate the need for personal finance education both in and outside of the home:

“Two in five U.S. adults gave themselves a C, D, or F on their knowledge of personal finance.”
National Foundation for Credit Counseling, Financial Literacy Survey Exposes Significant Gaps In Grasp Of Personal Finance Skills

“Parents believe the top three areas of money management where their children need to improve are: how to stick to a budget and live within their means (48%), how to save money (42%), and how to invest wisely (33%).”
Charles Schwab’s 2010 Families & Money Survey Show Strong Financial Ties between the Sandwich Generation and Their Young Adult Kids

Understanding the need for financial education, Governor Jay Inslee proclaimed April 20-27 Money Smart WeekŪ in Washington (http://dfi.wa.gov/financial-education/pdf/msw-proclamation-2013.pdf. This will be Washington’s Fourth Annual Money Smart WeekŪ.

“While Washington continues to be a leader in promoting financial education, more is needed,” Jump$tart Washington Coalition President Amy O’Donnell said. “Jump$tart partners are working together to make sure Washington residents can readily access the education and information they need to be more Money Smart.”

Jump$tart Washington is coordinating with partners like DFI and community leaders throughout the state to promote financial education during Money Smart WeekŪ. In addition to educating consumers about money management and generating awareness of financial education available on a wide range of topic, Washington elementary students will receive financial education lessons during the Fourth Annual Financial Literacy Reading Days. Representatives from local community groups, financial institutions, not-for-profit organizations, businesses, schools, libraries, government agencies and media outlets will conduct classes, seminars and other activities.

Money Smart WeekŪ began in 2002 as a coordinated effort of more than 40 Chicago-area organizations working together to promote personal financial literacy. Washington was the first West Coast state to participate, with its first Money Smart WeekŪ in 2010.

For more information about events slated for Money Smart WeekŪ Washington or to take part, please visit https://chicagofed.org/applications/msw_calendar/public.htm?campaign=14 or contact Jump$tart Washington Coalition President Amy O’Donnell at Amy O’Donnell at aodonnell@wscpa.org or 425-586-1140 or VP Lyn Peters at lyn.peters@dfi.wa.gov or 360-902-8731.

To help promote Money Smart WeekŪ Washington please feel free to use the following social media items:


Tweets

Saturday, April 20:
Money Smart WeekŪ WA starts TODAY! Attend a Personal Shred Day in Spokane. Learn more at http://bit.ly/HTzyN0 #MSW-WA

Sunday, April 21:
Money Smart WeekŪ WA is underway! Get Money Smart this week - find a financial education workshop near you at http://bit.ly/HTzyN0

Monday, April 22:
Stop in at Grays Harbor College for Earth Day Money Smarts http://bit.ly/HTzyN0. Bremerton Mayor Lent reads at Naval Avenue Elementary!

Tuesday, April 23:
Get Finance 101 at Aberdeen Timberland Library! http://bit.ly/HTzyN0 Spokane Councilwoman McLaughlin reads at Mullen Road Elementary

Wednesday, April 24:
Get Credit Smart at Seattle Central Community College! http://bit.ly/HTzyN0 #MSW-WA

Thursday, April 25:
Keep Your Money Safe & Secure, Amanda Park Timberland Library! http://bit.ly/HTzyN0 WA AG Bob Ferguson reads at Montlake Elementary.

Friday, April 26:
Money Smart WeekŪ WA is almost over! Get Money Smart this week - find a workshop near you at http://bit.ly/HTzyN0 #MSW-WA

Saturday, April 27:
Columbia Basin Financial Fitness Day in Pasco & Latino Health Fair in Everett. http://bit.ly/HTzyN0 Money Smart WeekŪ ends today! #MSW-WA


Facebook Posts

Saturday, April 20:
Money Smart WeekŪ Washington, sponsored by the Jump$tart Washington Coalition (www.wajumpstart.org), starts TODAY! Head over to a Spokane Community Shred Day or “Strengthening Your Financial Future” in Seattle. Learn more at http://bit.ly/HTzyN0

Sunday, April 21:
Washington’s Money Smart WeekŪ WA is underway! Get Money Smart this week by attending a financial education workshop near you. Get details at http://bit.ly/HTzyN0

Monday, April 22:
Are you Money Smart? Get details on Money Smart WeekŪ Washington financial education workshops being conducted throughout Washington State and learn how to “Reach Your Dreams” in a workshop in Lacey at http://bit.ly/HTzyN0. Bremerton Mayor Lent reads “The Millionaire Kid$ Club: Penny Power” to Naval Avenue Elementary students for Money Smart WeekŪ Washington Reading Days!

Tuesday, April 23:
“So You Want to Start A Business?” Get the info you need to be a successful business owner at Grays Harbor College. Find details on this and other workshops throughout Washington at http://bit.ly/HTzyN0 Spokane Councilwoman McLaughlin reads “The Millionaire Kid$ Club: Penny Power” to Mullen Road Elementary students for Money Smart WeekŪ Washington Reading Days!

Wednesday, April 24:
Learn how to “Build a Better Credit Report” at Naselle Timberland Library! Get the details on this and financial education workshops throughout Washington at http://bit.ly/HTzyN0 Join the Jump$tart Washington Coalition members working to improve financial education in communities throughout Washington. Learn more at www.wajumpstart.org.

Thursday, April 25:
Why do you have THAT crazy money habit? Find out at “The Psychology of Spending” workshop at Kitsap Community Resources. Get the details on this and other financial education workshops that are part of Money Smart WeekŪ Washington at http://bit.ly/HTzyN0. Washington Attorney General Bob Ferguson reads “The Millionaire Kid$ Club: Penny Power” to Montlake Elementary students in Seattle!

Friday, April 26:
Money Smart WeekŪ WA is almost over! Get Money Smart this week - find a workshop near you at http://bit.ly/HTzyN0

Saturday, April 27:
Money Smart WeekŪ WA ends today! Don’t miss “Practical Couponing” at North Spokane Library, the Financial Fitness Day at Columbia Basin College in Pasco or the Latino Health Fair in Everett. Get details at http://bit.ly/HTzyN0! Learn more about other Jump$tart Washington partners and programs at www.wajumpstart.org


Bloggables

Financial education partners throughout Washington will be hosting and conducting workshops during Money Smart WeekŪ — and Tweeting, posting on Facebook and blogging about their events. We hope you’ll support them by joining them. Charles Caleb Colton said “Imitation is the sincerest form of flattery” – and we agree! Sharing details about and linking to great blogs – giving credit where credit is due and a link to the original post to respect copyright, of course – is a great way to spread the word! Here are a few blogs you may wish to link to during Money Smart WeekŪ for financial education information:


Reading Day Details

Washington’s community leaders have stepped up once more to show their support for financial education for youth by participating in the fourth annual Financial Literacy Reading Days. During the week of April 20-27, 2011, Jump$tart Washington is sponsoring Financial Literacy Reading Days giving elected officials in Washington the chance to step out of their offices and into one of their city’s elementary schools to read a story to children about using money wisely, and encourage saving for the future. It’s a short, one-hour commitment, to let children know it’s important for Washington families to make wise financial decisions.

*NOTE: Members of the media, please remember to contact the school regarding sending reporters/photographers/camera staff on campus grounds and photo permissions PRIOR to the days’ event(s). The book selected for the 2013 Money Smart Week Reading Days is The Millionaire Kid$ Club – Penny Power, by Susan Beacham and Lynnette Khalfani-Cox.

Monday, April 22

Bremerton Mayor, Patty Lent
Naval Avenue Elementary, Principal John Welsh, 360-473-4400

DFI Communications Director, Lyn Peters
East Olympia Elementary, Teacher/Librarian Jane Rizika, 360-709-7167

Tuesday, April 23

Spokane Councilwoman, Nancy McLoughlin
Mullen Road Elementary, Principal Mike McGinnis, 509-354-3776

Wednesday, April 24

Spokane Council President, Ben Stuckart
Mullen Road Elementary, Principal Mike McGinnis, 509-354-3776

Thursday, April 25

Attorney General, Bob Ferguson
Montlake Elementary, Teacher Jeanne Suleiman, 206-252-3300

Guild Mortgage, Amy Remington
Point Defiance Elementary, Principal Olga Lay, 253-371-6900


More Information

For more information about Jump$tart Washington’s 2013 Money Smart Week Reading Days, contact Jump$tart Washington Reading Day Coordinator Lyn Peters at 360-902-8731 or lyn.peters@dfi.wa.gov.

JumpStart Washington is a nonprofit coalition created to promote the need for financial education in Washington State. Members include individuals, public and private organizations, educators, and non-profit associations – each passionate about making change and:

For information about the coalition, please contact Jump$tart Washington President Amy O’Donnell at aodonnell@wscpa.org or 425-586-1140 or VP Lyn Peters at lyn.peters@dfi.wa.gov or 360-902-8731.

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