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!
Online Smarts: Crowdfunding Scams posted on May 20
Crowdfunding websites have become major platforms for raising money for various causes, from the production of a local band’s first album to the payment of a cancer patient’s medical expenses. While websites like Kickstarter and GoFundMe have been instrumental in funding entrepreneurial products and …Continue Reading Online Smarts: Crowdfunding Scams
Scam Log Analysis, March 2016 – April 2016 posted on May 18
The Massachusetts Office of Consumer Affairs and Business Regulation compiles publicly-available scam, identity theft, and fraud complaints from around the Commonwealth via police logs and news outlets, as well as through the Office’s Consumer Information Hotline. Below are three recent consumer issues and how you can …Continue Reading Scam Log Analysis, March 2016 – April 2016
Online Smarts: Tips for safe online shopping posted on May 16
Online shopping provides a fast, convenient platform for purchasing goods. There are several ways to shop online. You can buy from the online store of your favorite company, for instance Gap or Best Buy, or from an online warehouse like Amazon or Overstock. You …Continue Reading Online Smarts: Tips for safe online shopping