Financial Education Clearinghouse

Financial Education Blog

Financial education news and updates from the Washington State Department of Financial Institutions.

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Risks of Buying, Trading, and Investing in Bitcoin and Virtual Currencies

03/11/2014
Today, we issued an alert regarding the risks of buying, trading, and investing in virtual currencies such as Bitcoin. It’s nearly impossible to read the business section of the newspaper without seeing stories about Bitcoin. As Congress and regulatory agencies determine whether to or how best to...

How to Spot Credit Fraud – Steps You Can Take

03/06/2014
It’s National Consumer Protection Week, a coordinated campaign that encourages consumers to take steps to protect themselves from fraud and make better-informed decisions. You can learn more about the Washington State Department of Financial Institutions’ consumer protection efforts by visiting our...

Learn All About Credit Scores

02/14/2014
Your credit score is one of the most important numbers you should care about in your life. If you have a low credit score, you will most likely pay more for loans, credit cards, and even insurance rates. FICO is the scoring formula most lenders use. The myFICO website has a lot of great information...

Seattle Financial Empowerment Centers Open

02/10/2014
Seattle residents looking for one-on-one financial help may not need to go far. Financial Empowerment Centers have opened around Seattle to assist residents with their finances. A Financial Empowerment Center provides free, professional, one-on-one financial education, counseling, and coaching to...

FAFSA Form

02/07/2014
If First Lady Michelle Obama shows up to your high school to watch you fill out a form, that form must be pretty important. It's a fact that filling out the FAFSA, or Free Application for Federal Student Aid, is one of the most important things students and families can do in planning for college...

Washington Foreclosure Assistance Brochure Now Available in 11 Languages

02/04/2014
Washington homeowners facing foreclosure can now access brochures about homeownership counseling and mediation services in 11 languages. The Washington State Legislature established the Foreclosure Fairness Act and the Mediation Program in 2011. The program, overseen by the Department of Commerce,...

Financial Football

01/31/2014
With the Seahawks playing in the Superbowl this weekend what better resource to feature than financial football? Financial Football is a free, online game offered by Visa and Washington State Treasurer James L. McIntire. Test your money management skills by answering financial questions that allow...

Free First Time Homebuyer Classes

01/17/2014
If you’re a first time homebuyer in Washington, be sure to check out the free homebuyer education classes offered by the Washington State Housing Finance Commission. The classes are free and include information about the Commission’s mortgage programs, down payment assistance, and other loan...

Financial Education Public Private Partnership

01/10/2014
The Financial Education Public Private Partnership, or FEPPP for short, brings together individuals from both the public and private sector in an effort to provide quality financial education for students in the public school system. FEPPP's main work consists of: Providing financial education...

Safety Tips for Shopping Online

11/26/2013
The holiday shopping season has begun and chances are you will be making some purchases online. It’s important that before clicking the buy button you have taken a few steps to protect your money and your information. Here are some tips on how you can shop safely online this year. Update and Run...