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CFO Sink: Don’t Be an ‘April Fool,’ Get Financially Literate

4/2/2009

CONTACT:  Kyra Jennings or Nina Banister
(850) 413-2842

TALLAHASSEE – The first day of April may be a great day for practical jokes, but having a poor understanding of finances is no laughing matter.  That’s why Florida’s Chief Financial Officer Alex Sink says April, which has been declared Financial Literacy Month in Florida, is a great time for Floridians to take control of their financial future. 

“While many of us realize the importance of money management and budgeting in these tough times, one in four Floridians still do not adequately set money aside or plan for retirement, and still have more debt than savings,” said CFO Sink.  “As our state struggles with a troubled economy and a foreclosure crisis, it is more important than ever for Floridians to take control of their families’ financial future.”

During Financial Literacy Month, CFO Sink’s Department of Financial Services is scheduled to provide a variety of financial education programs throughout the state on a variety of topics.  In April, Floridians can learn about disaster preparedness, identify theft, and buying a first home, as well as programs under the CFO’s ongoing Safeguard our Seniors and Florida Housing Help initiatives.

CFO Sink oversees the Florida Financial Literacy Council, which was created to help Floridians make better financial decisions.  At a quarterly meeting of the Financial Literacy Council last week, CFO Sink presented the resolution declaring April as Financial Literacy Month and spoke about the importance of Financial Literacy in the state.

The Financial Literacy Council includes representatives from the financial and real estate industry, AARP Florida, the Florida Council on Economic Education and other fields.  To learn more about the Financial Literacy Council, visit www.myfloridamoney.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.