Burnsville, Minnesota – February 4, 2014 – Better
Business Bureau of Minnesota and North Dakota (BBB), along with local partners
the Minnesota Department of Commerce, Minneapolis Federal Reserve Bank,
Financial Planners Association, MilitaryOneSource and the University of
Minnesota Extension, will offer a program called “Minnesota Saves: Stop Passing
Your Buck$” on Wednesday, February 19 at the BBB’s office in Burnsville. This
is part of “Minnesota Saves,” a local initiative to support the national
America Saves program which promotes positive savings behavior to consumers,
businesses and employees.
The local BBB signed on this year as state coordinator of
the newly organized Minnesota Saves campaign. In addition to helping consumers
avoid scams and fraud, this is an annual opportunity for businesses and
organizations to promote the benefits of financial
well-being to their employees, as well as a chance for everyone to
assess their own savings status.
“We’re very excited to be the first BBB to serve as state
coordinator for this initiative,” said Lisa Jemtrud, Director of BBB Institute
for Marketplace Ethics. “We’re also honored to partner with such distinguished
agencies for a worthy cause such as this.”
Mike Rothman, Director of the Minnesota Department of
Commerce, will serve as keynote speaker of the event, followed by other experts
in a variety of fields from the public and non-profit sector. This event serves
as a lead-in to America Saves Week, which takes place February 24 through March
1. Military Saves Week is observed during that same week at all military
installations.
The Minnesota Saves event on February 19 is free and open
to the public. Lunch is included, but registration is required (thefirstbbb.org/events). Space is limited.
The 2013 Annual National Survey Assessing Household Savings revealed
that only about half of Americans reported good savings habits.
54% said they “have a savings plan with specific goals.”
43% said they “have a spending plan that allows you to
save enough money to achieve the goals of your saving plan.”
50% of those not retired said they “save for retirement
at work through a 401(k) or other contributory plan.”
41% said that, “outside of work,” they “save
automatically through regular preauthorized transfers from checking to savings
or investments.”
49% know their net worth.
Event details:
Minnesota Saves: Stop Passing Your Buck$
Wednesday, February 19, 2014
11:30 a.m. – 1:00 p.m.
Better Business Bureau
220 S. River Ridge Cir.
Burnsville, MN 55337
Register at thefirstbbb.org/events. To learn more about America Saves,
visit americasaves.org.
