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Tuesday, July 14, 2015

Video: Understanding Capital in Small Businesses

The Washington State Office of Minority and Women’s Business Enterprises (OMWBE) has produced a short video that illustrates how capital works in small business.

The video was produced with support from the Washington State Department of Financial Institutions and the Community Bankers of Washington.

Check it out.

Friday, June 19, 2015

Resource of the Week – Money Games for Kids

With summer vacation starting for many kids, now is a good time to use some of their free time to teach them about money.

There are many free games online that can help you teach kids the basics of personal finance. Below are a few designed for kids 5-12.

Dollar a Glass Lemonade Stand
Run a lemonade stand while learning about supply, demand, profit, costs, and more.
http://bizkids.com/games/dollar-a-glass

Peter’s Pig Money Calculators
Different challenges to help kids recognize coin currency. Sort coins into the correct jars, count coins, and more.
http://www.practicalmoneyskills.com/games/peterpigs

Financial Football
Test your financial knowledge on the gridiron. Play against the computer or against your friends. Go Hawks!
http://www.watreasurer.financialfootball.com

Farm Blitz
Build a farm and watch your crops grow. Be careful not to get yourself into too much debt though.
http://financialentertainment.org/play/farmblitz.html

Dollar Dive
Fun game from the US Mint that helps kids recognize currency and values.  Catch coins underwater so you can buy sails for your boat and escape the sea monster.
http://www.usmint.gov/kids/games/dollarDive/

Friday, June 5, 2015

Resource of the Week – Elder Investment Fraud and Financial Exploitation Prevention Program

This week’s featured resource is North American Securities Administrators Association’s (NASAA) Elder Investment Fraud and Financial Exploitation (EIFFE) Prevention Program.

EIFE provides resources and continuing education for medical professionals who provide front-line elder care about how to refer at-risk seniors to the appropriate authorities, whether it is to report investment fraud to securities regulators, suspected abuse to adult protective services workers or symptoms of mild cognitive impairment to physicians.

The program has many resources available such as:
  • Clinician’s Pocket Guide
    A pocket-sized resource to help doctors spot the signs of senior investment fraud and report it to the appropriate authorities.
  • Senior Patient Education Brochure
    Information to help senior patients and their families identify the red flags of elder investment fraud and get help.
  • ABCs for APS Professionals: How to Identify and Report Investment Fraud
    APS professionals can help spot and stop the financial exploitation of seniors by knowing what signs to look for and who to call for assistance.
  • Elder Investment Fraud: A National Epidemic Video
    A short video that addresses and explains the widespread problem of elder investment fraud and financial exploitation and explores some of the possible solutions.

For more information, visit http://www.nasaa.org/1733/eiffe/

Friday, May 29, 2015

Resource of the Week: Paying for College

Deciding how to pay for a college is one of the major financial decisions that many people make in their lifetime. There are many options out there, and making wise financial decisions is important.

The Consumer Financial Protection Bureau (CFPB) has put together some tools and resources to help you make good decisions regarding paying for college.

On the CFPB website you’ll find information about:
  • Student loans
  • Student banking
  • Comparing financial aid offers
  • And repaying student loan debt
Visit the website at http://www.consumerfinance.gov/paying-for-college/

Thursday, May 21, 2015

Washington Governor Signs Bill Incorporating Financial Education into K-12 Standards

On May 8, 2015, Washington Governor Jay Inslee signed into law Substitute Senate Bill 5202, making Washington State one of only 20 other states requiring financial education incorporation into existing K-12 learning requirements.

Originally sponsored by Senators Mullet, Fain, Litzow, Billig, Frockt, Keiser, and Habib, the bill – now Chapter 211, Laws of 2015 – also authorizes the Financial Education Public Private Partnership (FEPPP), chaired by Representative Sharon Tomiko Santos, to “seek federal and private funds to support the school districts in providing access to the materials listed pursuant to section 4(1) of this act, as well as related professional development opportunities for certificated staff.”

“It’s so important that our children receive integrated financial education in their classrooms,” DFI Director Scott Jarvis said. “Having financial education from an early age provides a solid foundation to help them make smart money choices throughout their lives – it’s one of the reasons why DFI is supporting a financial education pilot program in daycare pre-schools this year."

View Bill Details