BBB, Partners to offer Minnesota Saves program February 19

NEWS RELEASE — Burnsville, MN – 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, Feb. 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, Feb. 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.

The mission of the Better Business Bureau is to be the leader in building marketplace trust by promoting, through self-regulation, the highest standards of business ethics and conduct, and to instill confidence in responsible businesses through programs of education and action that inform, assist and protect the general public. The BBB is open 8 a.m. to 5 p.m. Monday through Friday. Contact the BBB at http:/www.bbb.org or 651-699-1111, toll-free at 1-800-646-6222.

 

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