And you thought it was just another Wednesday, when in actuality today was the kick-off of the DC Saves campaign with the first "Money Saving Wednesdays" seminar!
First reports indicate that 30 people attended–primarily Department of Insurance, Securities and Banking (DISB) and D.C. government employees–and that as of the end of the day, there were already 10 completed enrollment forms signed and several people promising to make monthly deposits to accounts opened as a result of DC Saves.
These folks are now officially DC Savers, a proud title earned, according to the Mayor and DC Saves, by "anyone who agrees to save regularly for a specific goal such as a rainy day fund, car or home purchase, college tuition, retirement or debt repayment and reduction. DC Savers set monthly saving goals of as little as $10, and then develop a strategy to deposit this amount to a savings account each month. District banks have signed on by offering savings accounts to DC Savers at no cost for 12 months."
For more information on DC Saves, National Financial Literacy Month and the importance of financial literacy for our communities (and pocket books), check out our earlier post this week and the new DC Saves Web site, which will be live soon.
In the meantime, turn your Wednesdays from blah to bank with this informational series sponsored by a partnership of Mayor Fenty, DISB, Capital Area Asset Builders (a Grantee Partner!) and DC Saves!
According to the Mayor’s press release on the seminars, “Encouraging District residents to check up on their personal finances during tax season in April will help individuals and families reduce debt, save money and build wealth. Financial literacy and education are critical to enabling people of all income levels to achieve their personal financial goals, and maintain and improve their quality of life.”
Money-Saving seminars are a key part of the strategy. Straight from the Mayor himself (or, well, his very official press release):
Throughout the month of April, DISB will take its Money-Saving seminars into the community starting with District government employees. During the weekly noontime seminars, attendees will be able to sign up for the DC Saves program. To RSVP, please e-mail Michelle Phipps-Evans. Feel free to bring your lunch.
WHAT: Money-Saving Wednesdays financial-education seminars
WHEN: Every Wednesday in the month of April, from noon to 1 p.m.
WHERE: 810 First St., NE, Suite 701. Call (202) 727-8000 for information
TOPICS:
April 4 – Making Saving a Habit
April 11 – Five Keys to Investing Success
April 18 – ABCs of Saving for Education
April 25 – Planning a Worry-Free Retirement
Why not? Make Wednesdays worry free with the end of (or at least an improvement on) your financial woes.
Knowledge, as they say, is power!
(And don’t forget to bring your lunch from home…that’s $6-10 in the bank!)
