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CFO Sink Urges Fiscal Responsibility and Offers Help as Part of Florida Saves Week

2/24/2009

CONTACT: Nina Banister or Jayme O’Rourke
(850) 413-2842
 
TALLAHASSEE--Florida Chief Financial Officer Alex Sink is urging Floridians to take advantage of Florida Saves Week and be pro-active about their financial futures. Studies show that most Americans do not have adequate savings for emergencies let alone retirement, and that 70 percent of Americans are living paycheck to paycheck.  CFO Sink, with other members of the Florida Cabinet and Governor Charlie Crist, has proclaimed February 22 through March 1, 2009 as “Florida Saves” Week. 
 
“We are committed to helping Floridians learn to budget wisely and plan for a financially secure future, not just this week but throughout the year,” said CFO Sink. “These tough economic times show how important it is to have a responsible and secure financial plan for the long-term, and to be prepared for the bumps in the road.  I want to help everyday Floridians achieve this.”
 
“Florida Saves” Week, part of the national “America Saves” campaign, aims to help Floridians learn how to better manage their money by stressing the importance of saving and building wealth.  At events throughout “Florida Saves” Week, Floridians will receive information about how to increase contributions to their 401K programs and emergency funds even in these challenging economic times. 
 
Numerous public outreach events throughout the week will be hosted by CFO Sink and the Department of Financial Services, the University of Florida Extension offices, local Saves campaigns, and the Financial Literacy Council, which Sink oversees.  Consumers interested in participating in “Florida Saves” activities should visit the department’s website at http://www.myfloridamoney.com/FLSaves.htm for event dates and locations.
 
Some other topics that will be covered through outreach coordinators and the Department are the wise use of credit cards for teens, credit card identity theft, hurricane preparedness, small business security, life insurance, financial fraud, and first-time homebuyer workshops.
 
For more information on “America Saves,” visit http://www.americasaves.org.
 
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. Sink also serves as the State Fire Marshal.