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My Florida C F O

Dear Fellow Floridians:

The Florida Cabinet recently passed a resolution proclaiming February 24 to March 1 as "Florida Saves Week." This event is intended to be a reminder to all Floridians about the need for smart money management and a long-term savings plan in order to ensure a strong financial future.

We all must practice the discipline of saving to build wealth, not debt, in our lives. Saving money is one of the most important financial habits that anyone can learn. It’s your path to financial freedom.

Studies have shown that many Americans do not have adequate savings to meet major emergencies, let alone enough savings for retirement. If you include yourself among this group, there areYour Money Matters steps you can take that can help you build a strong financial foundation. For example, figure out what you'd like to save money for, such as retirement, a house, car, college or dream vacation, and how much it will cost. Then make your plan:

  • Set a timeline for when you would like to reach your goal.
  • Set a schedule by dividing the total goal amount by the number of weeks, months or pay periods between now and your goal date.
  • Be vigilant by treating your savings contribution just like any other must-pay expense, such as rent or groceries.

For more tips to secure a strong financial future, visit my Your Money Matters website, at www.MyFloridaCFO.com/YMM.

Jeff Atwater
Jeff Atwater
Chief Financial Officer
State of Florida

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