In celebration of April as Financial Literacy Month, the Bowser Administration, through the District of Columbia Department of Insurance, Securities and Banking (DISB), will offer free educational resources and services for District residents and small business owners.
Mayor Bowser’s vision for inclusive prosperity and financial empowerment will be celebrated throughout April, offering Washingtonians opportunities to learn about the basics of debt consolidation, asset protection, and saving for the future and retirement.
DISB offers free educational resources to help District residents establish and maintain healthy financial habits:
- The Financial Navigators Program helps District residents who are facing critical financial struggles during the COVID-19 public health emergency. The program connects District residents with trained Navigators by phone. Navigators help individuals and families access programs and services to manage income disruptions and other financial concerns.
- Financially Fit DC is an initiative designed to strengthen the financial stability of individuals, families and the District community. The program helps residents identify short-term needs, make a budget and set plans to reach long-term goals through a personalized roadmap.
- The Student Loan Ombudsman helps families and prospective students identify alternate resources of funding and minimize student loan debt. Also, the Ombudsman can show college graduates how to understand loan repayment options and identify debt relief programs and resolve complaints.
- The Earned Income Tax Credit (EITC) is a special tax break tailored for low- and moderate-income workers. To be eligible, individuals must have earned income or certain disability income. The Department supports the District’s EITC campaign through a contract with Capital Area Asset Builders. See free tax preparation services to find locations near you.
- DC BizCAP facilitates access to capital for District entrepreneurs and small businesses and helps create sustainable economic development. It provides alternatives to traditional commercial financing to facilitate private lending and investments in District small businesses.
- The Bank on DC program provides mainstream access to financial services, products and financial education to unbanked and under-banked households in the District. The program partners with banks and credit unions to offer bank accounts that have low minimum balance requirements and no or low-cost monthly fees.
- A library of Consumer Alerts and Consumer Guides are available with information to help consumers avoid being a victim of fraud or unfair and fraudulent business practices. The alerts and guides also include helpful information on insurance, mortgages and investing.
- The Foreclosure Prevention and Mediation program provides resources to help District residents avoid foreclosure, including foreclosure mediation, housing counseling and legal aid for homeowners.
DISB will share financial education, tips and information during Financial Literacy Month via social media under the themes listed below. Subscribe here to get updates from DISB. Also, you can follow DISB on Twitter: @DCDISB and @BankonDC and LinkedIn: here, like DISB on Facebook and watch consumer education videos at disb.dc.gov/page/videos and listen to podcasts at disb.dc.gov/service/podcasts.
- April 1-3: Making a Budget and Developing Sound Financial Habits
- April 4-8: Managing Credit and Student Loans
- April 11-15: Planning for Retirement
- April 18-22: Buying a Home and Considering Insurance Needs
- April 25-29: Building Wealth and Preventing Fraud
- April 2: Chasing the Bag—Financial Literacy Seminar
- April 4: ANC4B06 Financial Exploitation Prevention
- April 5: District Residents & Student Loans: Navigating Public Service Loan Forgiveness & Managing Repayment
- April 6: Jubilee Housing Financial Literacy
- April 6: Student Debt Management Webinar for Home Buyers
- April 7: Money Smart for Older Adults with the Congress Heights Senior Wellness Center
- April 7: Department of Justice: Virtual Financial Literacy Fair
- April 11: Financially Fit DC- Women/ Maternal Health Mondays
- April 12: Apprenticeship Program: OAIT Meeting
- April 13: Financial Literacy with Court Services and Offender Supervision Agency for the District of Columbia (CSOSA)
- April 13: Financially Fit DC: My Earned Income Tax Credit
- April 14: Marion Barry Summer Youth Employment Program (MBSYEP): Career Fair and Banking Day
- April 14: ONSE Pathways Session 2
- April 19: Pitfalls of the Underbanked and Unbanked Webinar
- April 19: Financially Fit DC: Beauty of Budgets (learning how to budget)
- April 20: Money Smart for Older Adults--Covid 19 Scams with the Southwest Waterfront AARP Chapter
- April 20: Gallaudet University RMI Board Meeting
- April 20: MBSYEP Banking Days
- April 22: Money Motivations: Bridging the Gap in Between Financial Intentions and Habits w/ Financially Fit DC at Work
- April 23: OSSE’s Virtual Adult College and Credentials Fair
- April 24: Financial Education Session with Lambda Theta Alpha Latin Sorority, Inc.
- April 25: Financially Fit DC- Women/ Maternal Health Mondays
- April 26: Financially Fit DC: My Money Relationship (rethinking relationship with money)
- April 26: Out of School Youth Apprenticeship Program Meeting
- April 27: Saving for the Unexpected (create the habit of saving for unexpected)
- April 27: MBSYEP Banking Days
- April 28: Financial Literacy Council Resource Fair and Workshops
For more DISB events and details, visit disb.dc.gov/events.