Washington State Department of Financial Institutions

News Release

Thursday, February 20, 2014


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


DFI Joins Organizations Nationwide Encouraging A Commitment 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 working with the Washington Jump$tart Coalition and many other state agencies, non-profit organizations and financial institutions to promote Washington Saves Week as part of the seventh annual national America Saves Week campaign.

“We all are doing our best to stretch our dollars as far as we can, and it’s more important than ever to ensure that includes setting aside funds for tomorrow,” DFI Director Scott Jarvis said. “Making savings automatic makes sure that happens. Even if you have to start small — with five or 10 dollars — that can make a big difference later.”

Only 43% of Americans surveyed in the 2013 Annual National Survey Assessing Household Savings said they “have a spending plan that allows you to save enough money to achieve the goals of your saving plan.” This statistic is a great example of why it’s so important for employers, non-profits and other organizations to join the Saves Week program to promote saving.

America Saves is a national campaign involving more than 1,000 non-profit, government, and corporate groups that encourages individuals and families to save money and build personal wealth. Organizations throughout Washington are coordinating Saves Week activities aimed at offering Washington residents savings resources and education.

Understanding that having emergency savings, retirement funds and being able to manage one’s debt are crucial to Washington residents’ personal financial security, Governor Jay Inslee has proclaimed Feb. 24-March 1, 2014 Washington Saves Week.

The campaign theme “Set a Goal. Make a Plan. Save Automatically.” is aimed at reminding consumers to utilize the automatic payroll deduction options at their place of employment to begin building an emergency fund, create a retirement fund or develop a targeted savings fund for their future.

We invite all Washington residents to participate in Saves Week, Feb. 24- March 1, 2014 by visiting www.americasavesweek.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://americasavesweek.org/about/asw-toolkit.

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 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$tart member organizations can assist with finding a speaker. Send a request to Lyn Peters at DFI (lyn.peters@dfi.wa.gov), the Washington Jump$tart Coalition (wajumpstart@gmail.com) or contact Amy O’Donnell (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
www.americasaves.orginformation@americasaves.org ▪ 202-387-6121
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$tart Washington
Jump$tart Washington is a nonprofit coalition created to promote the need for financial education in Washington State. In 2010, we provided teacher training seminars, special events for students and succeeded in reaching thousands of consumers throughout the state. Our 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.

* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.