A good time to focus on financial literacy
Financial Literacy Month in Minnesota kicks off on April 1, and the Better Business Bureau of Minnesota and North Dakota is partnering with ten state agencies on educational initiatives.
The purpose of this cooperative effort is to generate awareness on the topic of financial literacy and empower tens of thousands of Minnesota students, soldiers, families and senior citizens to learn more about their finances and make informed decisions to secure a successful financial future.
"We see firsthand how important financial literacy truly is," said Dana Badgerow, president and CEO of the BBB of Minnesota and North Dakota. "People on sound financial footing are far more apt to do their due diligence and avoid falling victim to offers or promises that sound – and far too often prove to be – simply too good to be true."
Gov. Mark Dayton declared April to be Financial Literacy Month in Minnesota last year. The Minnesota Department of Commerce leads this initiative. In addition to the BBB, other participating agencies include the Minnesota Departments of Corrections, Education, Employment and Economic Development, Higher Education, Housing Finance, Human Rights, Human Services, Military Affairs and Revenue. The BBB also is a member of the Financial Literacy Roundtable.
The focus of the Roundtable is to celebrate Minnesota's progress and partnerships on financial literacy, engage in constructive dialogue and pursue new opportunities for program development, improvement and collaboration. The Roundtable is made up of non-profits, government agencies, private enterprises and financial institutions.
In addition to co-sponsoring free shredding events, the BBB also will be a featured presenter across the state during the month of April to discuss financial literacy and current financial scams (focusing on senior citizen and military community audiences).