Washington State Department of Financial Institutions

News Release

Thursday, February 17, 2011

Contact

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

FOR IMMEDIATE RELEASE:


DFI Joins WA Jump$tart, Community Organizations To Encourage Residents To Commit To Saving During "Washington Saves Week"

Washington joins national campaign aimed to help residents "Build Wealth, Not Debt"

OLYMPIA – The Washington State Department of Financial Institutions (DFI) is again working with the Washington Jump$tart Coalition and Washington Asset Building Coalitions to promote Washington Saves Week as part of the national America Saves Week campaign.

Organizations throughout our state are coordinating Saves Week activities aimed at changing behavior among individuals and families. For details, visit http://dfi.wa.gov/financial-education/wa-saves/.

Understanding that having an emergency savings, retirement funds and being able to manage one’s debt are crucial to Washington residents’ personal financial security, Governor Chris Gregoire has proclaimed Feb. 20-27, 2011 Washington Saves Week.

"Too many families are just one unexpected car repair away from financial trouble,” Gregoire said. “I encourage all Washingtonians to participate in this program, and learn how to prepare for emergencies, or retirement. Financially stable families are key to our economic recovery." 

Washington State Treasurer James L. McIntire agrees. His office clearly understands the importance of financial preparedness and fiscal responsibility.

"It is my job as State Treasurer to be fiscally responsible with state dollars so that we can make sound investments for the future and not incur more debt than we can afford,” McIntire said. "The same is true for families across Washington. We need to save today for investments we want to make in the future - whether it is for college education, buying a new home or retirement. That is why our office works with organizations such as DFI and Jump$tart to provide financial education and resources to Washington families so we can ‘Build Wealth, Not Debt’."

DFI is honored to be among the many organizations committed to helping Washington residents in their efforts to attain their goals of financial freedom.

"Part of carrying out DFI’s mission — ‘Regulating financial services to protect and educate the public and promote economic vitality’ — includes helping consumers get the information and financial education they need to make sound financial decisions," DFI Director Scott Jarvis said. "Encouraging participation in Saves Week is an important component of that financial education."

We invite all Washington residents to participate in Saves Week, Feb. 20-27, 2011 by visiting www.americasaves.org and enrolling to be an American Saver. Submit your Washington Saves Week event or find an event in your area at http://dfi.wa.gov/financial-education/calendar.htm.

If your organization wants to support Washington Saves and promote the campaign, the Saves Week organizers offer a variety of promotional materials at http://www.americasavesweek.org.

A few ways your organization can get involved include:

To learn more about the campaign and register, visit the national Web site www.americasavesweek.org or Washington Saves Week at http://www.dfi.wa.gov/financial-education/wa-saves/default.htm.

If you would like a presenter to come to your site, DFI and/or Washington Jump$tart member organizations can assist with finding a speaker. Send a request to lyn.peters@dfi.wa.gov, wajumpstart@gmail.com or contact Amy O’Donnell for more information at aodonnell@wscpa.org.

Together we can show our support and commitment to helping our community members "Start Small, Think Big" and "Build Wealth, Not Debt."


About DFI
www.dfi.wa.gov ▪ 360.902-8700 ▪ 877.746-4334
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: http://www.twitter.com/FinEd4All, www.twitter.com/DFIConsumers, www.finlit.blogspot.com, www.youtube.com/user/WADFI, www.homeownership.wa.gov.

About America Saves Week
www.americasaves.orginformation@americasaves.org
America Saves is a nationwide campaign in which a broad coalition of nonprofit, corporate, and government groups helps individuals and families save and build wealth. Through information, advice, and encouragement, we assist those who wish to pay down debt, build an emergency fund, save for a home, save for an education, or save for retirement.

About Jump$tart Washington
www.wajumpstart.orgwajumpstart@gmail.com
Jump$tart Washington is a nonprofit coalition created to promote the need for financial education in Washington State. In 2010, Jump$tart Washington provided teacher training seminars, special events for students and succeeded in reaching thousands of consumers throughout the state. Members include individuals, public and private organizations, educators, and non-profit associations – each passionate about making change and advancing our goal to:

Jump$tart Washington Vision Statement
Financial empowerment for Washington residents.

Jump$tart Washington Mission Statement
Jump$tart Washington promotes the development of personal finance skills of Washington residents, with emphasis on education for K-college youth.

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