California Financial Literacy Month Blog http://caflm.blogs.ca.gov April is Financial Literacy Month! Financial education news, programs & services, events, resources & more... Wed, 27 Apr 2016 22:24:38 +0000 en-US hourly 1 Photo Gallery: Annual California Financial Literacy Month Resource Fair – State Capitol http://caflm.blogs.ca.gov/2016/04/27/photo-gallery-annual-california-financial-literacy-month-resource-fair-state-capitol/ Wed, 27 Apr 2016 17:25:56 +0000 http://caflm.blogs.ca.gov/?p=5388 Photo Gallery: Annual California Financial Literacy Month Resource Fair – State Capitol

Pictured left to right: California State Controller Betty Yee; Assemblymember Matthew Dababneh; and DBO Commissioner Jan Lynn Owen

Thank you Assemblymember Jim Cooper (pictured in center) for stopping by!

Ed Gill, Senior Deputy Commissioner, DBO

Attendees visiting exhibitor tables

Inside the California Community Colleges Mobile . . . → Read More: Photo Gallery: Annual California Financial Literacy Month Resource Fair – State Capitol]]> Photo Gallery: Annual California Financial Literacy Month Resource Fair – State Capitol

Pictured left to right: California State Controller Betty Yee; Assemblymember Matthew Dababneh; and DBO Commissioner Jan Lynn Owen

Pictured left to right: California State Controller Betty Yee; Assemblymember Matthew Dababneh; and DBO Commissioner Jan Lynn Owen

Thank you Assemblymember Jim Cooper for stopping by!

Thank you Assemblymember Jim Cooper (pictured in center) for stopping by!

Ed Gill, Senior Deputy Commissioner, DBO

Ed Gill, Senior Deputy Commissioner, DBO

Attendees visiting exhibitor tables

Attendees visiting exhibitor tables

Inside the California Community Colleges Mobile Computer Lab

Inside the California Community Colleges Mobile Computer Lab

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CalHFA and Keep Your Home California

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Annual California Financial Literacy Month Resource Fair at the State Capitol a Success! http://caflm.blogs.ca.gov/2016/04/27/annual-california-financial-literacy-month-resource-fair-at-the-state-capitol-a-success/ Wed, 27 Apr 2016 16:19:45 +0000 http://caflm.blogs.ca.gov/?p=5382 Annual California Financial Literacy Month Resource Fair at the State Capitol a Success!

Thank you to Assemblymember Matthew Dababneh for sponsoring the event.

Thank you to California State Controller Betty Yee for participating.

Thank you to all of the exhibitors and attendees.

To partner with DBO’s Education and Outreach Office, email Outreach@dbo.ca.gov.

. . . → Read More: Annual California Financial Literacy Month Resource Fair at the State Capitol a Success!]]> Annual California Financial Literacy Month Resource Fair at the State Capitol a Success!

Thank you to Assemblymember Matthew Dababneh for sponsoring the event.

Thank you to California State Controller Betty Yee for participating.

Thank you to all of the exhibitors and attendees.

To partner with DBO’s Education and Outreach Office, email Outreach@dbo.ca.gov.

Controller Betty Yee Assemblymember Matt Dababneh Jan

Pictured left to right: State Controller Betty Yee; Assemblymember Matthew Dababneh, DBO Commissioner Jan Lynn Owen

The importance of financial literacy and financial education efforts were highlighted at the annual California Financial Literacy Month Resource Fair at the State Capitol on Tuesday, April 26. Booths and representatives from State agencies, non-profit organizations and financial institutions provided free materials and information on money management, saving and investing, planning for retirement, buying a home, using credit and managing debt, and avoiding financial scams and fraud.

This year’s event featured the Community College Foundation eBus mobile computer lab.

Safely navigating today’s rapidly-changing, often complex financial system can be a daunting task. By empowering consumers to make informed decisions about how to spend and invest their money, financial literacy helps ensure more California families prosper.

Sponsors

Assemblymember Matthew Dababneh

California State Controller Betty Yee

Exhibitors

Bank of America

Bank of the West

Bank on Sacramento

Brandman University

CA Board of Accountancy

CA Board of Equalization

CA Bureau of Real Estate

CA Contractors State Licensing Board

CA Dept. of Community Services and Development

CA Dept. of Insurance

CA Dept. of Motor Vehicles

CA Franchise Tax Board

CA Professional Fiduciaries Bureau

CA State Controller’s Office

CA Treasurer’s Office

Cal PERS

CalCPA/Jump$tart Coalition

CalHFA/Keep Your Home CA

California Community Colleges Real Estate Education Center

CHOC

ClearPoint CCS

Disability Resource Agency for Independent Living (DRAIL)

Golden 1 Credit Union

IRS

McGeorge School of Law (Legal clinic)

Metro Chamber’s Capital Region Small Business Development Center

Opening Doors

Sacramento Public Library

SAFE Credit Union

Savings Plus

ScholarShare

Social Security Administration

Transamerica Financial Advisors

Travis Credit Union

UC Davis Extension

United Way California Capitol Region

Wells Fargo Hands on Banking

 

 

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Jump$tart with Biz Kids$ – Downloadable Curriculum for Teachers, Parents http://caflm.blogs.ca.gov/2016/04/27/jumptart-with-biz-kids-downloadable-curriculum/ Wed, 27 Apr 2016 16:04:59 +0000 http://caflm.blogs.ca.gov/?p=5375

Jump$tart with  Biz Kids$ -Teachers of financial literacy, lend us your ears!

Download the Full Curriculum

Financial LiteracyChapter 1Episode 301 clips » Your Financial FutureChapter 2Episode 106 clips » Income and CareersChapter 3Episode 210 clips » Saving and InvestingChapter 4Episode 118 clips » Understanding Your PaycheckChapter 5Episode 125 clips » Understanding Income and ExpensesChapter 6Episode 123 clips » . . . → Read More: Jump$tart with Biz Kids$ – Downloadable Curriculum for Teachers, Parents]]>
CA JumpstartBizKid$

Jump$tart with  Biz Kids$ -Teachers of financial literacy, lend us your ears!

Download the Full Curriculum

 
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FTC Escrow Alert! Scammers Phish for Mortgage Closing Costs http://caflm.blogs.ca.gov/2016/04/26/scammers-phish-for-mortgage-closing-costs/ Tue, 26 Apr 2016 15:04:14 +0000 http://caflm.blogs.ca.gov/?p=5372 FTC Escrow Alert!

Scammers phish for mortgage closing costs

Original post by the FTC

Buying a home is exciting. You saved for the down payment, scheduled the move, and are dreaming of planting new roots. Closing is right around the corner… unless a scammer gets your settlement fees first.

The Federal Trade Commission and the National Association of Realtors® are . . . → Read More: FTC Escrow Alert! Scammers Phish for Mortgage Closing Costs]]> FTC Escrow Alert!

Scammers phish for mortgage closing costs

Original post by the FTC

Buying a home is exciting. You saved for the down payment, scheduled the move, and are dreaming of planting new roots. Closing is right around the corner… unless a scammer gets your settlement fees first.

The Federal Trade Commission and the National Association of Realtors® are warning home buyers about an email and money wiring scam. Hackers have been breaking into some consumers’ and real estate professionals’ email accounts to get information about upcoming real estate transactions. After figuring out the closing dates, the hacker sends an email to the buyer, posing as the real estate professional or title company. The bogus email says there has been a last minute change to the wiring instructions, and tells the buyer to wire closing costs to a different account. But it’s the scammer’s account. If the buyer takes the bait, their bank account could be cleared out in a matter of minutes. Often, that’s money the buyer will never see again.

If you’re buying a home and get an email with money-wiring instructions, STOP. Email is not a secure way to send financial information, and your real estate professional or title company should know that. If it’s a phishing email, report it to the FTC.

Here are some ideas to help you avoid phishing scams:

  • Don’t email financial information. It’s not secure.
  • If you’re giving your financial information on the web, make sure the site is secure. Look for a URL that begins with https (the “s” stands for secure). And, instead of clicking a link in an email to go to an organization’s site, look up the real URL and type in the web address yourself.
  • Be cautious about opening attachments and downloading files from emails, regardless of who sent them. These files can contain malware that can weaken your computer’s security.
  • Keep your operating system, browser, and security software up to date.

Learn more about protecting yourself from phishing and what to do if your email is hacked. If you gave your information to a scammer, visit IdentityTheft.gov.

FTC Blog Topics:

Homes & Mortgages

 

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Credit Union Partners in Education (CU-PIE) Annual Speech Competition – “Credit Union Strong” http://caflm.blogs.ca.gov/2016/04/25/credit-union-partners-in-education-cu-pie-annual-speech-competition-credit-union-strong/ Mon, 25 Apr 2016 17:19:22 +0000 http://caflm.blogs.ca.gov/?p=5353 Credit Union Partners in Education (CU-PIE)

“Credit Union Strong”

Annual Speech Competition

On Thursday, April 21, 2016 the Credit Union Partners in Education (CU-PIE) hosted their annual speech competition. Representatives from various Sacramento Greater Area credit unions write and present a speech based on the year’s theme, Credit Union Strong.  Nine speeches made it to the finals and were presented, each . . . → Read More: Credit Union Partners in Education (CU-PIE) Annual Speech Competition – “Credit Union Strong”]]> Credit Union Partners in Education (CU-PIE)

“Credit Union Strong”

Annual Speech Competition

On Thursday, April 21, 2016 the Credit Union Partners in Education (CU-PIE) hosted their annual speech competition. Representatives from various Sacramento Greater Area credit unions write and present a speech based on the year’s theme, Credit Union Strong.  Nine speeches made it to the finals and were presented, each employing different techniques to relay the importance of saving and what Credit Union strong means. The speakers touched on how credit unions help their members obtain financial well-being.

 Congratulations!

First Place

Kara Johnson, SAFE Credit Union

2016 Credit Union Speech Contest Winner with 2015 Winner

  Kara Johnson, SAFE Credit Union, pictured on right with Last Year’s First Place Winner Kayshia Tagumasi, SAFE Credit Union

2016 Credit Union Speech Contest Winners

Left to right: Third Place Winner Javier Huerta, Golden 1;  First Place Winner Kara Johnson, SAFE Credit Union; and Second Place Winner Anthony Lombardi, Golden One Credit Union

Second Place

Anthony Lombardi, Golden One Credit Union

Third Place

Javier Huerta, Golden 1

Honorable Mentions

Clirissa L. Smith

Garrett Garcia

Lydia Leversee

Kim Hutton

Lena Oselsky

Pavan Sandhu

Judges

Alana Golden, California Department of Business Oversight

Mark Klinkert, California and Nevada Credit Union League

George Jarosik, DTM, District 39 Toastmasters

Event Master of Ceremonies

Kevin Smith-Fagan, KVIE Public Television

The annual event gives future leaders a forum to share original ideas and to remind credit unions of our shared heritage of improving the well-being of our communities.

CU-PIE is a non-profit organization which has been actively supporting financial literacy for more than 20 years. Members of CU-PIE consist of credit union employees and volunteers. CU-PIE offers financial institutions, non-profits, community leaders and other professionals the necessary training and resources to help them successfully deliver financial literacy presentations to youth and adults in our community. In 2013, CU-PIE partnered with United Way and the Bank On California program to conduct training sessions for various organizations assisting residents in taking control of their financial future.

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Kayshia Tagumasi, SAFE Credit Union, was the 2015 winner.

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Delorean Dixon, Golden 1 Credit Union was the 2014 winner.

CU-PIE

Credit Union Speech Contest

Speech Competition, circa 1960

Credit Unions: To join CU-PIE or learn more about opportunities on the Executive Committee,  contact Carrie Featherston or Elise Schexnayder.

Carrie Featherston • Branch Manager – Auburn • OE Federal Credit Union • (530) 889-2969

Elise Schexnayder • Financial Education Coordinator  SAFE Credit Union •  Community Banking  (916) 971-2530

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Annual Financial Literacy Event at State Capitol Highlights Programs and Resources – Featuring Community College Foundation eBus mobile computer lab http://caflm.blogs.ca.gov/2016/04/11/annual-financial-literacy-event-at-state-capitol-highlights-programs-and-resources-featuring-community-college-foundation-ebus-mobile-computer-lab%ef%bb%bf/ Mon, 11 Apr 2016 17:53:40 +0000 http://caflm.blogs.ca.gov/?p=5350 Annual Financial Literacy Event at State Capitol Highlights Programs and Resources

The importance of financial literacy and financial education efforts will be highlighted at the annual California Financial Literacy Month Resource Fair at the State Capitol. Booths from the Department of Business Oversight and other State agencies and organizations will provide free materials and information on how . . . → Read More: Annual Financial Literacy Event at State Capitol Highlights Programs and Resources – Featuring Community College Foundation eBus mobile computer lab]]> Annual Financial Literacy Event at State Capitol Highlights Programs and Resources

The importance of financial literacy and financial education efforts will be highlighted at the annual California Financial Literacy Month Resource Fair at the State Capitol. Booths from the Department of Business Oversight and other State agencies and organizations will provide free materials and information on how to better manage our finances, save, invest safely, use credit, manage debt, and avoid financial scams and fraud.

What: California Financial Literacy Month Resource Fair

Who: California Department of Business Oversight and other State and local agencies and community organizations*

Featuring the Community College Foundation eBus mobile computer lab.

When: Tuesday, April 26 from 11 am to 1 pm

Where: State Capitol, North Steps (L St.)

Safely navigating today’s rapidly-changing, often complex financial system can be a daunting task. By empowering consumers to make informed decisions about how to spend and invest their money, financial literacy helps ensure more California families prosper.

April is California Financial Literacy Month. Public agencies and private organizations across the state will reach out to communities and give consumers of all ages tools to build better lives and stronger financial futures.

*Other participating agencies and organizations include:

  • Bank On Sacramento
  • California Board of Accountancy
  • California Board of Equalization
  • California Controller’s Office
  • California Department of Insurance
  • California Treasurer’s Office
  • California Housing Finance Agency (CalHFA)
  • ClearPoint Credit Counseling
  • Contractor’s State Licensing Board
  • Keep Your Home California
  • CalCPA
  • Golden 1 Credit Union
  • McGeorge School of Law – Legal Clinic
  • Savings Plus
  • Scholarshare
  • Social Security Administration
  • SAFE Credit Union
  • United Way California Capitol Region
  • Wells Fargo Bank
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Don’t Be an April Fool! Homebuyers Tricked into Wiring Closing Costs http://caflm.blogs.ca.gov/2016/04/01/dont-be-an-april-fool-homebuyers-tricked-into-wiring-closing-costs/ Fri, 01 Apr 2016 19:34:35 +0000 http://caflm.blogs.ca.gov/?p=5345  

Don’t Be an April Fool!

Homebuyers Tricked into Wiring Closing Costs

from the BBB and FTC

 

April 1, 2016 Buying a home this spring? If so, watch out for this cunning new con. A recent alert from the Federal Trade Commission (FTC) warns that scammers are hacking into email accounts and instructing homebuyers to wire closing costs straight into their . . . → Read More: Don’t Be an April Fool! Homebuyers Tricked into Wiring Closing Costs]]>

 

Don’t Be an April Fool!

Homebuyers Tricked into Wiring Closing Costs

from the BBB and FTC

 

April 1, 2016
Buying a home this spring? If so, watch out for this cunning new con. A recent alert from the Federal Trade Commission (FTC) warns that scammers are hacking into email accounts and instructing homebuyers to wire closing costs straight into their pockets.

How the Scam Works:

You are buying a home, and everything is ready for your closing. Then, your real estate agent or title company emails with new instructions. Instead of bringing a check to your closing, you need to wire your closing costs to a bank account.

Don’t do it! You’ll be wiring thousands of dollars into a scam account. Hackers have been breaking into the email accounts of real estate professionals. They search for information about upcoming transactions. After figuring out the closing date, the hacker sends an email to the buyer, posing as the agent or title company.

Never accept a change to an agreed transaction based on an email. If someone tells you to deviate from a previous plan, especially one that involves thousands of dollars, check it out before you send a dime. Call your agent or title company and make sure the new directions are legitimate.

Tips to Spot a Phishing Scam: 

  • Be wary of unexpected emails that contain links or attachments. Do not click on links or open files in unfamiliar emails.
  • Consider how the company normally contacts you. If a company usually contacts you by phone, be suspicious if you suddenly start receiving emails or text messages without ever opting into the new communications.
  • Don’t believe what you see. Just because an email looks real, doesn’t mean it is. Scammers can fake anything, from a company logo to the “Sent” email address.
  • If something seems suspicious, check the company’s website or call them. Err on the side of caution and confirm before taking any action. DON’T click on any links or call a number in a message you suspect is a scam.  If you want to look on the company’s website, look for the URL on your statement or do a web search.
  • Email is not a secure way to send financial information. Your real estate professional or title company will know that. They will not send nor ask you to provide banking information via email.

For More Information 

Read  the full alert from the Federal Trade Commission. For real estate agencies, mortgage firms, and other companies interested in protecting their business from hacking, check out BBB’s 5 Steps to Better Business Cybersecurity.

To find out more about other scams, check out BBB Scam Stopper (bbb.org/scam). To report a scam, go to BBB Scam Tracker (bbb.org/scamtracker).

 

 

 

This Scam Alert has been sponsored by Western Union, a BBB National Partner.

 

 

 

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Keep Your Home California Blog Posts: Foreclosure Crisis Profiteers: Feasting on Fear! http://caflm.blogs.ca.gov/2016/03/30/keep-your-home-california-blog-posts-foreclosure-crisis-profiteers-feasting-on-fear/ Wed, 30 Mar 2016 21:12:33 +0000 http://caflm.blogs.ca.gov/?p=5343

(Part 1 of 3) 

 

Losing a home to foreclosure is most often viewed, by those standing safely outside the transaction, as an economic event. And that is certainly true.

However, for those living under the threat of losing their home, the experience is much more personal.

The thought that one’s home might be involuntarily . . . → Read More: Keep Your Home California Blog Posts: Foreclosure Crisis Profiteers: Feasting on Fear!]]> Foreclosure Crisis Profiteers: Feasting on Fear!  

(Part 1 of 3) 

 

Losing a home to foreclosure is most often viewed, by those standing safely outside the transaction, as an economic event. And that is certainly true.

However, for those living under the threat of losing their home, the experience is much more personal.

The thought that one’s home might be involuntarily swept out from under them unleashes a flood of emotions that may include fear, anger, depression, shame, and frustration. People in the foreclosure process seldom mention money or wealth creation or asset preservation. They speak instead in terms of not uprooting their kids, of loving their home, their neighborhood, and their schools.

Read More

Please also read the second and third installments of this blog series:

 

 

Foreclosure Crisis Profiteers: Seeing Through the Camouflage (Part 2 of 3) 

 

 

Foreclosure Crisis Profiteers: Knowing the Enemy (Part 3 of 3) 

 

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CCEE and JASD offer Personal Finance for Teachers Workshop at Finance Park in San Diego! http://caflm.blogs.ca.gov/2016/03/29/ccee-and-jasd-offer-personal-finance-for-teachers-workshop-at-finance-park-in-san-diego/ Tue, 29 Mar 2016 17:02:56 +0000 http://caflm.blogs.ca.gov/?p=5340 In order to succeed in today’s world, it is more critical than ever before for people to be financially educated and empowered.  Two of California’s most recognized and effective financial and economic educators, The California Council on Economic Education (CCEE) and Junior Achievement (JA) of San Diego, are collaborating in a bold and innovative partnership to . . . → Read More: CCEE and JASD offer Personal Finance for Teachers Workshop at Finance Park in San Diego!]]> In order to succeed in today’s world, it is more critical than ever before for people to be financially educated and empowered.  Two of California’s most recognized and effective financial and economic educators, The California Council on Economic Education (CCEE) and Junior Achievement (JA) of San Diego, are collaborating in a bold and innovative partnership to provide that training and support to teachers.

CLICK HERE TO REGISTER FOR THE SATURDAY, APRIL 30TH

WORKSHOP IN SAN DIEGO!

Click here for more details.

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National Retirement Planning Week® April 11-15, 2016 – Partner Kits http://caflm.blogs.ca.gov/2016/03/29/national-retirement-planning-week-april-11-15-2016-partner-kits/ Tue, 29 Mar 2016 17:00:11 +0000 http://caflm.blogs.ca.gov/?p=5338 . . . → Read More: National Retirement Planning Week® April 11-15, 2016 – Partner Kits]]>

National Retirement Planning Week® 2016 Partner Kits

The following four National Retirement Planning Week® 2016 Participant Kits are designed to support your efforts to engage in this important week. To help promote the value of retirement planning, please click on the kit that best speaks to your audiences. You’ll find a variety of marketing collateral, social media tools and more tailored to your needs.
Financial Professionals

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Non-Profit Organizations

NRPW 16Press Kit_nonprofit_slider

Companies

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