For Immediate Release:
SAINT PAUL, MN – For its 4th year, Financial Literacy Month in Minnesota is getting a new name – on April 1, 2014, Governor Mark Dayton proclaimed April as Financial Capability Month. Again this year, ten of Minnesota’s State Agencies have planned approximately 40 outreach and education events across the state to raise awareness for the need to have the skills to make well-informed financial decisions in each stage of life.
Financial capability can mean the difference between getting ahead, and understanding wants versus needs, or falling victim to the pitfalls associated with scams or complex financial products. As a life-long learning process the Commerce Department is committed to empowering Minnesotans from Kindergarten to retirement in their financial decision-making throughout the year. Creating a budget, understanding credit, taking out student loans, buying a home, planning for a family, investing for retirement, out-smarting scams, and managing the assets of a loved one are all examples of the ongoing opportunities for financial education.
“It's always a good time to learn new skills that can improve our finances. During the month of April, I urge all Minnesotans to review your finances and consider new habits, choices, and strategies to secure an even better financial future for yourself and for your family,” said Governor Mark Dayton.
In addition to Governor Dayton’s state-wide proclamation, today the Mayor of BizTown will commemorate Financial Capability Month by holding their Town Hall meeting in BizTown Town Square at the corner of Best Buy Way and General Mills Boulevard to present Commerce Commissioner Mike Rothman and Education Assistant Commissioner Steve Dibb with the BizTown proclamation.
“Financial Capability Month is a great chance to highlight the ways to help Minnesotans obtain financial capability and security from Kindergarten throughout life,” said Commissioner Rothman. “Working with kids to explain wants versus needs and how to save money, and our seniors to help protect their savings from fraud and scams will make a difference to our individual budgets and the strength of our state’s economy.”
Junior Achievement’s BizTown in Maplewood connects financial education in the classroom with real-life application through an afternoon at BizTown. Students participate in a hands-on civic, business and financial experiences at the kid-sized city that includes a bank, business service center, café, City Hall, construction center, international shop, newspaper, property management, radio station, supply & delivery company, gift shop, grocery store, wellness center and putt-putt golf course.
For more about Minnesota’s Financial Capability Month
Check out Governor Dayton’s proclamation.
Read the Commerce Sense Blog for more tips about how to grow your financial knowledge.
Listen to the Minutes with Mike podcast series to learn about budgeting, credit, how to make tax time work for you, and planning for retirement.