Financial Literacy Month and Money Smart Week!

The month of April is National Financial Literacy Month. The week of April 21 through 28th is also Money Smart Week. Sign up for one of these financial education sessions.

Financial Fitness Checkup
Tuesday, April 17, 6:30 PM
Cheshire Public Library
104 Main Street

Do you want to improve your financial future? One way to get started is by participating in the Financial Fitness Checkup. This workshop will help you review your current status and identify actions you can take to improve your financial situation. Participants will have an opportunity to take a quiz about their current financial practices in areas such as general money management. saving, credit, debt, and other topics. (Individual results do not need to be shared with anyone.) We will review the questions and discuss why they are important as well as potential steps one could take to improve in each area. A resource list will also be shared. This workshop is provided by the UConn Extension Financial Education Program. Advance registration is required: Register online at http://s.uconn.edu/45i+ or call 203.272.2245, ext. 4. Contact: bbasel@cheshirelibrary.org.

Spring Cleaning Your Debt
Monday, April 23, 6:30 PM
Waterford Public Library
49 Rope Ferry Road

When it comes to spring cleaning, you probably haul the junk out of your garage, scrub your fridge, and wash the rugs and drapes. But don’t forget about your personal finances. Just after tax season is the perfect time to perform an annual evaluation and tidying up of your budget, bank accounts, debts, and investments. This workshop is provided by UConn Extension Financial Education Program. Advance registration is highly recommended. Call the Information Desk at 860.444.5805, X2.

Celebrating Connecticut Saves Week 2018

at LOB with postersAcross the country, February 26th through March 3rd will be celebrated as America Saves Week 2018. It’s a special opportunity for government and non-profit agencies, universities and high schools, financial institutions, and others to encourage Americans to assess their saving status and take action to save for their goals. This social marketing campaign is managed nationally by the Consumer Federation of America. Cooperative Extension has been involved in the campaign since its early beginnings in 2007. UConn Extension coordinates the Connecticut Saves Campaign with the support of several partners such as the Connecticut Department of Labor; the Connecticut Department of Banking; Connecticut State Library; People’s Bank; Hartford Job Corps Academy; HRA of New Britain, Inc.; Connecticut Association for Human Services; Better Business Bureau Serving Connecticut; Chelsea Groton Bank; and others.

This year, the Connecticut Saves Campaign will kick-off with a twitter chat on Thursday, February 22nd at Noon. During Connecticut Saves Week, “Take Financial Action: Saving Money and Dealing with Debt” workshops will be held at America Job Centers in Hamden, Bridgeport, and Hartford. These workshops provided by UConn Extension and the Connecticut Department of Banking are free and open to the public, but advance registration is required. The Connecticut Department of Banking is hosting a Financial Education Expo at the Legislative Office Building in Hartford on Wednesday, February 28th from 10 am until 1 pm and the public is invited to attend. If you would like to arrange for a Connecticut Saves Campaign workshop or event for your organization, visit www.ConnecticutSaves.org for more information.

Focus on Career and Financial Goals; Saving Money

Here is a media release from the Connecticut Department of Labor about upcoming workshops for Connecticut Saves Week.

CT Saves Week: Workshops at American Job Centers 

Focus on Career and Financial Goals; Saving Money 

February 8, 2018 – In recognition of Connecticut Saves Week, a special workshop offered at four of the state’s American Job Centers will focus on the importance of saving money, strategies to reach career and financial goals, and understanding credit reports.

The free workshops are coordinated through the Connecticut Saves campaign. Pre-registration is required and can be made online at www.cthires.com. For more information contact Christine Flammia at Christine.flammia@ct.gov or 860.952.1708. Workshops will be offered at the following American Job Centers:

• Wednesday, February 21: 1 to 3 p.m. at the New London American Job Center, Shaw’s Cove Six – 860.439.7400

• Tuesday, February 27: 9 to 11 a.m., at the Hamden American Job Center, 37 Marne Street – 203.859.3200

• Tuesday, February 27: 1 to 3 p.m. at the Bridgeport American Job Center, 2 Lafayette Square (GPS users: 350 Fairfield Avenue) – 203.455.2700

• Thursday, March 1: 9 to 11 a.m. at the Hartford American Job Center, 3580 Main Street – 860.256.3700

 

“These workshops are designed to help individuals and their families take charge of their educational and career goals by providing budgetary guidance that will lead to future success,” said Labor Commissioner Scott D. Jackson. “Whether the plan is to purchase tuition and books, buy a car to get to work, or start a savings plan, the end goal is improving economic security and employment opportunities for our residents.”

“It is important for everyone to take some time to look over their budget and determine ways to manage their debt and begin saving toward financial security,” said Banking Commissioner Jorge Perez. “This workshop is an excellent opportunity to learn ways to help manage your credit and work toward your financial goals.”

Attendees will learn about determining their family financial priorities, practical ways to reduce expenses, strategies for saving, and tips for staying motivated through an interactive session provided by Faye Griffiths-Smith, Family Economics and Resource Management Educator with UConn Extension. Kathleen Titsworth, Outreach Coordinator with the Connecticut Department of Banking, will explain what is in a credit report, and how to correct any errors that might negatively affect your credit.students and game

For more information about the Connecticut Saves campaign contact Faye Griffiths-Smith, Connecticut Saves campaign coordinator at faye.griffiths-smith@uconn.edu or 203.407.3160.

As part of the campaign, people will be encouraged to take the Connecticut Saves online pledge and commit to saving regularly for a personal or family goal. More information about the campaign and special events can be found by visiting www.connecticutsaves.org.

The Connecticut Saves Week campaign is coordinated by UConn Extension and partners include the Connecticut Department of Banking; the Connecticut Department of Labor; Connecticut State Library; Hartford Job Corps Academy; People’s United Bank; Human Resources Agency of New Britain, Inc.; Connecticut Association for Human Services; the Better Business Bureau Servicing Connecticut; Chelsea Groton Bank; Community Renewal Team; and others. 

 

Download the flyer at: 2018 CT Saves workshops offered at AJC offices

Facts About Families and Finances

financial facts graphic with piggy bank

Connecticut households may face a variety of financial challenges. Based on data from the FINRA Investor Education Foundation’s 2015 Financial Capability Study, 53% of Connecticut household found it somewhat or very difficult to make ends meet, 52% did not save money, and 31% paid only the minimum on their credit cards. See the Connecticut Families and Finances infographic here for more information.

Data source: FINRA Investor Education Foundation’s 2015 Financial Capability Study.