What’s Your Financial 411?
As the regulatory agency for the District’s financial services, we bring to you financial education campaigns designed to help you make better decisions as a consumer and to protect you from unfair and fraudulent practices. They are not meant to be legal or financial advice, or a recommendation to buy or forego any financial services product, or patronize any particular financial services agent or company. Select from the following to learn more or sign up for updates at this link.
America Saves Week, Feb. 25 to March 2 is a national campaign that encourages individuals including DC residents and military personnel to save money and protect their savings through fraud prevention. Free financial workshops will be offered by the department’s partners Bank on DC, Capital Area Asset Builders and the District’s Financial Literacy Council. To receive more information sign-up for updates through this link. DISB will share saving tips each day of the campaign on our Twitter account – see them at https://twitter.com/DCDISB.
Bank on DC is a collaborative effort among District Government, financial institutions and non-profits that helps unbanked and under-banked District residents gain greater access to financial products and services as well as financial education. The program offers a Bank on DC account through participating banks and credit unions that save you money with low minimum balance requirements and no or low-cost monthly fees.
DC Earned Income Tax Credit Campaign is a partnership of local and federal governments, nonprofits, financial institutions and local employers that promotes free tax assistance and help residents to better understand income tax benefits.
Elder Investment Fraud and Financial Exploitation Prevention Program (EIFFEE) provides education to the healthcare community to help these professionals recognize the signs of elder financial abuse.
Insure U for Consumers is a free “Get Smart About Insurance” program provided by the National Association of Insurance Commissioners that explains the basics of auto, health, home and life insurance based on your life situation. Covered life situations are young singles, young families, established families, seniors, domestic partners, single parents, military personnel and raising grandchildren. InsureU is also available in Spanish and there is a component for small business owners. (Insure U en Español, Insure U for Small Business)
Investor Education at Your Workplace is made possible by the Investor Protection Trust and provides employees with unbiased information in personal finance and investment basics via 10 hours of online investment education.
Money Smart is a free curriculum created by the Federal Deposit Insurance Corporation (FDIC) that introduces adults to basic financial concepts. The curriculum consists of 11-one to two hour modules that cover topics from introductions to bank services and credit, budgeting, consumer rights and home ownership. The curriculum is available on CD-ROM in nine languages and in print for the visually impaired. It is also available in versions for the classroom, computer-based, and podcasts. The program has also been expanded for young adults and small business owners. (Money Smart CBI Online for Adults, Money Smart CBI Online en Español, Money Smart for Young Adults, Money Smart for Small Business)
Money Track is a public television series that provides financial and investor education and covers responsible ways to build wealth and to protect consumers from investment scams.
Other Educational Resources
DC Financial Literacy Council database (Coming Soon)
Investor.gov is a federal government website maintained by the U.S. Securities and Exchange Commission. The commission offers information on saving and investing information for students. Components are divided by teachers, students and parents.
MyMoney.gov is a federal government website devoted to teaching the basics of financial education and provides resources to help you with your financial decisions.