Governor Mark Dayton has proclaimed April to be Financial Capability Month in Minnesota.
Financial Capability Month is a collaboration of the Minnesota Financial Literacy Interagency Work Group. Each year, Financial Capability Month is an opportunity to demonstrate how financial education and empowerment can positively impact each and every Minnesotan.
Ten state agencies have planned outreach and education events across Minnesota for Financial Capability Month. For more information about these events or how to participate, please contact Julia Miller.
The following is an overview of events taking place in April 2015. Throughout the month, financial education training events will be held across the state to raise awareness on the need for having the skills to make well-informed financial decisions in all life stages.
The Minnesota Financial Literacy Interagency Work Group led by the Minnesota Department of Commerce along with University of Minnesota Extension and the Minnesota Credit Union Network have joined forces with the U.S. Consumer Financial Protection Bureau (CFPB) to promote Your Money, Your Goals: A financial empowerment toolkit for social services programs.
During the Month of April, Your Money, Your Goals (YMYG), will offer a variety of opportunities to be trained on this new program.
On April 28, 2015, nonprofit, tribal, and government agencies who work directly with individuals and families (such as case workers and other frontline staff) are encouraged to participate a special YMYG webinar.
The Office of Higher Education (OHE) will continue to provide “Paying for College” presentations for Minnesota students and parents throughout the month of April.
Staff will also be at Shakopee Prison on April 14th to provide information on financial aid and accessing higher education for transitioning inmates. OHE will also provide information on financial aid and types of colleges in both English and Somali on April 28th to students in the St. Cloud Schools who are a part of the district’s Career and College Event.
The Department of Human Rights will focus on home ownership and wealth building, including the challenges facing minorities and disenfranchised communities, in a series of four podcasts hosted by Commissioner Kevin Lindsey. These “Minnesota Conversations” will feature prominent experts on housing, financing and overcoming barriers to home ownership, sharing their individual perspectives and providing practical advice. These conversations will be available on YouTube, on ITunes, and on the Department of Human Rights’ web site.
The Department of Revenue will tout the credits and programs available to Minnesotans to take advantage on and use tax time as a “money moment” to get on the right financial footing for the year ahead.
Additionally, the Department of Revenue will highlight small business classes and resources.
Commissioner Bauerly will promote the K-12 Education and Dependent Care Credit and Assistant Commissioner Steenblock will give a presentation to seniors about the Property Tax Refund program and Property Tax Deferral program for seniors.
2015 marks the fifth year that Minnesota’s financial education and empowerment community will come together for the Financial Capability Roundtable.
The keynote speaker will be Richard Cordray, Director of the Consumer Financial Protection Bureau, will join us and share details of the CFPB’s report on financial well-being and highlight the agency's work.
This is a unique annual opportunity for stakeholders and advocates working to promote financial capability and literacy to connect and identify opportunities to enhance every Minnesotan’s financial future.