Volume 5 Number 9
February 29, 2008

CFO SINK DESIGNATES FLORIDA SAVES WEEK AT FLORIDA CABINET MEETING

Tuesday at the meeting of the Florida Cabinet Chief Financial Officer Alex Sink announced a resolution designating February 24 – March 2, 2008, as Florida Saves Week. Florida Saves, a part of the national America Saves campaign, aims to help Floridians better learn how to manage their money by stressing the importance of saving money and building wealth.


 

 

“During this volatile economic climate, financial literacy education is essential,” said CFO Sink. “Too many Floridians are living paycheck-to-paycheck, not saving for a rainy day and living above their means. This week and throughout the year, my office is working to educate Floridians how to better manage their money and plan for a more financially secure future.”

Representatives from CFO Sink’s office are partnering with University of Florida Extension offices, local Saves campaigns and the Financial Literacy Council to host financial literacy events across the state. The Department of Financial Services, Division of Consumer Services will hold events on topics ranging from investor education to finding money to save. Consumers interested in participating in Florida Saves activities should visit our Web site at http://www.myfloridamoney.com/FLSaves.htm and contact their local Consumer Services office for more information.

CFO Sink is a strong proponent of financial literacy. Through outreach coordinators, DFS aggressively reaches out to local communities to educate consumers on topics such as the wise use of credit cards for teens, credit card identity theft, hurricane preparedness, small business security, life insurance and first-time homebuyer workshops. Last year alone, the department conducted over 2,680 outreach events around the state.

For more information on America Saves please visit http://www.americasaves.org/.

R E S O L U T I O N

WHEREAS, America Saves is a national campaign involving non-profit, government, and corporate groups that encourage individuals and families to save and build personal wealth; and 

WHEREAS, studies have demonstrated that most Americans do not have adequate savings to meet major emergencies, let alone accumulate enough savings for retirement; and   

WHEREAS, personal and household savings are fundamental to America’s and Florida’s stability; and 

WHEREAS, 70 percent of Americans often live paycheck to paycheck, and consumer borrowing has reached an all-time high while personal savings has decreased over the past 25 years; and 

WHEREAS, building wealth and reducing debt allow individuals and families to meet goals such as having an emergency fund, buying a house, starting a business, financing a college education, and having enough money to live comfortably during later years; and  

WHEREAS, the State of Florida is a partner in the America Saves campaign and is committed to helping its citizens take immediate financial action to build wealth, not debt. 

NOW, THEREFORE, BE IT RESOLVED that the Governor and Cabinet of the State of Florida do hereby proclaim February 24 through March 2, 2008, as   

FLORIDA SAVES WEEK

in the State of Florida and encourage all Floridians to increase contributions to 401K programs, start or increase an emergency fund and take positive wealth building actions. 

IN TESTIMONY WHEREOF the Governor and Cabinet of the State of Florida have hereunto subscribed their names and have caused the Official Seal of the State of Florida to be hereunto affixed in the City of Tallahassee on this 26th day of February, 2008. 

CHARLIE CRIST
GOVERNOR 

BILL MCCOLLUM
ATTORNEY GENERAL

ALEX SINK   
CHIEF FINANCIAL OFFICER

CHARLES H. BRONSON
COMMISSIONER OF AGRICULTURE