My Florida C F O

Dear Fellow Floridians:

Family Foundations: Building a Strong Financial FutureThis week is the last week of Financial Literacy Month. All month, we’ve highlighted programs and resources we have developed to help Floridians learn more about their finances. And as Financial Literacy Month wraps up, I want to express my continued commitment to bringing financial literacy education to all Floridians.

Family Foundations: Building a Strong Financial Future allows users to step into a virtual city and learn about making more informed financial decisions. It provides fun and informative resources geared toward Hispanic Floridians and their families most important priorities: saving for retirement, reducing debt, and building savings.

Additionally, we offer Operation S.A.F.E. (Stop Adult Financial Exploitation) Be Scam Smart workshops in both English and Spanish. These workshops are offered throughout Florida and have helped thousands of seniors protect themselves against financial scams. Be on the lookout for a workshop in your community.

I am proud of the work we do to protect your hard earned money and provide you the tools you need to be informed. For more information, visit our website at www.MyFloridaCFO.com/YMM or call our Consumer Helpline at 1-877-My-FL-CFO (1-877-693-5236).

Sincerely,

Jeff
Jeff Atwater
Chief Financial Officer
State of Florida


News of Interest

Sunshine State News:
Jeff Atwater Calls out Federal Government’s Fiscal Management

Miami Herald:
Venture Hive to open accelerator for veteran-owned tech startups

Miami Herald:
Broward’s hotel boom

South Florida Business Journal:
Commercial mortgages triple in South Florida

South Florida Sun Sentinel:
Fort Lauderdale ranked as a 'top tech talent' city


Financial Tip of the WeekCalculator

Review financial accounts and credit reports regularly. Review all documents containing your social security number, account numbers, date of birth, financial, or credit information to ensure accuracy and shred these documents after their use to help prevent identity theft. Review your financial statements and credit report often to ensure no fraudulent accounts have been opened in your name.

ID Theft Awareness Test   |  Consumer Privacy   |  Credit, Debit and Fraud Protection   |  ID Theft

Online Financial Jeopardy Game for Teach JeopardyChildren to Save Day

During Teach Children to Save Day, on April 24th, Chief Financial Officer Jeff Atwater released a new, web-based Jeopardy-style game offered by the Department of Financial Services as a way to teach the fundamentals of money management in a fun and engaging way. As today’s youth will soon be tomorrow’s leaders, it is important to engage children in conversations about the importance of personal finance at an early age.

"I encourage all parents to begin these important conversations at home to ensure that as Florida’s youngest generation grows towards independence, they are empowered to make smart financial choices," said CFO Atwater. "It is never too early to learn the value of a dollar, and it’s never too early to begin saving for your future."

Available in three levels - beginner, intermediate and advanced - this Jeopardy-style game tests financial knowledge on topics like budgeting, saving and credit in a dynamic, interactive format while teaching children important money skills.

In addition to financial Jeopardy, the Department offers Financial Football, a video game created in partnership with Visa and the NFL that allows users to give their financial knowledge a workout in a fast-paced, NFL-themed video game. On top of games, the Department’s YourMoneyMatter$ website offers economic calculators to help young adults plan for events like back-to-school shopping, paying for college, buying a car, building a savings account and entertainment planning.

Florida's Bottom Line Florida's Bottom Line

Florida’s Bottom Line is CFO Atwater’s quarterly economic magazine, focused on providing the latest news and insightful analysis on Florida's economic and financial health. Inside FBL, discover Florida's emerging economic and business trends, learn from Florida's top business and community leaders in exclusive guest articles, gain access to essential small business and consumer resources and visualize key data with unique infographics.

In addition, the FBL website offers up-to-date financial news, statistics on Florida's economy and jobs market, and archives of the FBL quarterly editions and special reports.

Read the spring edition on Booming Business.

Florida Economic Briefs

Florida home sales increase
There were 24,811 closed home sales in March, 33 percent more than last month (18,701) and 24.6 percent more than March of 2014 (19,911). The median sale price was $190,000, up 6 percent from last month ($179,995) and up 9.2 percent from March 2014 ($174,000).
Source: Florida Realtors

Florida expected to outpace the nation in economic growth
Florida’s leading index is expected to increase by 1.93 percent over the next 6 months, 0.93 percentage points higher than the national prediction of 1 percent. Leading indexes predict the six-month growth rate of the state’s coincident index, which is a summary of current economic conditions.
Source: Federal Reserve Bank of Philadelphia

Stop Adult Financial Exploitation

Operation S.A.F.E.Florida Chief Financial Officer Jeff Atwater invites you to participate in Operation S.A.F.E., Be Scam Smart, a free workshop for seniors, their families, and caregivers.

The Florida Department of Financial Services launched Operation S.A.F.E. (Stop Adult Financial Exploitation) as part of CFO Atwater’s On Guard for Seniors initiative. Be Scam Smart workshops help inform, empower, and protect Florida’s seniors from financial scams and fraud. If you want to make sure your savings are protected, register for this workshop and get a better understanding of how scam artists and scams work.

Be Scam Smart by learning more about:

  • The Psychology of a Scam
  • How to Spot Fraudulent Behavior
  • Common Scams that Target Seniors
  • How to Fight Identity Theft
  • Resources to Keep You Safe

Find out more about us in the About Us section or Register for an upcoming event, including the following workshops:

  • Wednesday, May 6th - Deerfield Beach
    10:00 a.m. - 11:00 a.m.
    NE Focal Point Senior Center Multipurpose Room
    227 NW 2nd Street, Deerfield Beach, Florida 33441
    Register | Directions | Flyer


  • Thursday, May 7th - Boca Raton
    10:15 a.m. - 11:15 a.m.
    The Volen Center
    1515 W Palmetto Park Road, Boca Raton, Florida 33486
    Register | Directions | Flyer