Post Content

Undersecretary Barbara AnthonyPosted by:
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!

Written By:


Jayda Leder-Luis is the Communications Coordinator at the Office of Consumer Affairs & Business Regulation.

Recent Posts

Can’t pay your phone bill? Stay connected with telephone assistance posted on Sep 10

Staying connected to local resources and emergency services can improve and possibly save many lives, say state regulators. Access to local emergency services and community resources is vital to our low-income and elderly residents. The Massachusetts Department of Telecommunications and Cable (DTC) wants residents to   …Continue Reading Can’t pay your phone bill? Stay connected with telephone assistance

Car Buyers: You deserve to know your Lemon Law rights! posted on Sep 5

The Office of Consumer Affairs recently conducted a survey of car dealerships to see whether they post required Lemon Law stickers that detail a consumer’s rights for buying cars, and we found that many dealerships surveyed were not in full compliance.

Chances Are, You’ve Had to Deal with One of These 5 Consumer Issues posted on Aug 14

Last month, the Consumer Federation of America published a list of their top ten consumer complaints. In it, they named many of the issues that the Office of Consumer Affairs and Business Regulations keeps consumers informed about, ranging from auto complaints to fraud and scams.   …Continue Reading Chances Are, You’ve Had to Deal with One of These 5 Consumer Issues