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CFO Sink Designates April as Financial Literacy Month

3/25/2008

CONTACT:  Kevin Cate or Brannon Jordan
(850) 413-2842   

TALLAHASSEE — At a meeting of the Florida Cabinet, Florida Chief Financial Officer Alex Sink today announced her resolution designating April as Financial Literacy Month.  During the month of April, CFO Sink will raise awareness about the need for increased financial literacy among Floridians, as well as increased availability to financial information and assistance. 
 
“Whether it’s purchasing your first home, saving for retirement or avoiding excessive debt levels, it is truly important for Floridians to make wise decisions with their financial resources,” said CFO Sink.  “During the month of April, my office will be working to help educate Floridians about the importance of prudent money management and the resources available in their communities.”
 
CFO Sink is a strong proponent of financial literacy.  Through regional outreach coordinators, her Department of Financial Services (DFS) aggressively educates consumers in their local communities on topics such as the wise use of credit cards, identity theft, hurricane preparedness, small business security, life insurance policies and first-time homebuyer workshops.  During 2007, DFS conducted more than 2,680 outreach events around the state.
 
CFO Sink’s Financial Literacy Council was created to study the financial problems that affect consumers, particularly young persons, seniors, working adults and small business owners, which arise from a lack of basic knowledge of financial issues. The council will also develop recommendations to aid DFS in developing programs and resources aimed at increasing financial literacy among Floridians
 
For more information on financial literacy or the CFO’s Council please visit www.MyFloridaCFO.com.
 
As a statewide elected officer of the Florida Cabinet, Chief Financial Officer Alex Sink oversees the Department of Financial Services, a multi-division state agency responsible for management of state funds and unclaimed property, assisting consumers who request information and help related to financial services, and investigating financial fraud. CFO Sink also serves as the State Fire Marshal.