Barbara Anthony, Undersecretary of the Office of Consumer Affairs and Business Regulation
Gov. Deval Patrick has proclaimed October Financial Education Month (Download Financial Education Month Proclamation 10.09), which puts the spotlight on an important issue for families across Massachusetts. While the current economic environment may not be conducive to long-term planning for many households, it is always vital to be well-informed about your state of affairs and take steps to strengthen your financial status.
The Patrick Administration has been involved in a number of efforts to promote financial education. A number of agencies have played a role in the creation of the Massachusetts Financial Education Collaborative, which is working to create a strong network of teachers and programming to spread information throughout Massachusetts. That work includes the Financial Education Summit on Oct. 28. Our Office has created Project Credit Smarts, which aims to provide information about credit cards and general credit and debt issues to college students. This is an effort to make sure students know the ins and outs of having a credit card and avoiding potential debt issues down the road.
If you want to take stock of your financial situation, and perhaps strengthen your status, consider these ideas this month:
• Create a budget and stick to it
• Open a savings account and make weekly or monthly deposits
• Establish an emergency fund
• Balance your checkbook
• Pay off a credit card
• Plan your holiday spending budget
• Review your insurance coverage
• Evaluate your employee benefits, and prepare for upcoming open enrollment periods
Hopefully, with some planning and good decision-making, you can come out of Financial Education Month better off money-wise than when it started. Good luck!
Purchasing a USED car? Here’s what the Lemon Law means for you. posted on Feb 13
President’s Day is this Monday, and many consumers may be looking to purchase or lease new and used cars. This two part series on car purchasing and leasing will provide tips on how you can get the right car and be protected under the Lemon …Continue Reading Purchasing a USED car? Here’s what the Lemon Law means for you.
Purchasing or leasing a NEW car? Here’s what the Lemon Law means for you. posted on Feb 12
With President’s Day fast approaching, many consumers are looking to purchase or lease new and used cars. This two part series on car purchasing and leasing will provide tips on how you can get the right car and be protected under the Lemon Law. Before you …Continue Reading Purchasing or leasing a NEW car? Here’s what the Lemon Law means for you.
Survey Says: Lemon Law Compliance on the Rise posted on Dec 29
The Massachusetts Lemon Laws provide legal relief to consumers who are sold a new, used, or leased vehicle that has a significant defect to its safety or use. Under these laws, car dealerships are required to place a bright yellow Lemon Law sticker on each …Continue Reading Survey Says: Lemon Law Compliance on the Rise