SALT LAKE CITY – February 25, 2020 – Utah State Treasurer David Damschen today announced that Utah is kicking off a savings-focused year with “Utah Saves Week” and urges Utahns to automate their savings.
Treasurer Damschen chairs the Utah Council on Financial and Economic Education, an organization comprised of more than 50 private and public entities that share a common mission to increase the financial capability of Utahns.
“A primary objective of the Utah Council on Financial and Economic Education is to support programs that empower individuals and families to achieve economic stability, opportunity and upward mobility,” Treasurer Damschen said. “Utah Saves Week serves as a good reminder for Utahns to automate their savings, while helping connect them with free information, tools and resources to help them attain their savings goals and navigate an increasingly complex financial world.”
Utah Saves is a tool that helps Utahns hold themselves accountable to their savings goals and receive free professional advice from online resources. Utahns are encouraged to pledge to save online at utahsaves.org to receive savings advice tailored specifically to their savings goals.
“You can start small with your savings goals and habits. You just need to start somewhere,” Utah Saves Coordinator Ben Stout said. “Some examples of savings goals include saving for a vacation, paying off a debt, purchasing a home and building your retirement nest egg. Creating good savings habits can have life-changing results over the long-term.”
Treasurer Damschen and the Utah Council on Financial and Economic Education’s mascot, a dollar bill named Bill, joined Sen. Dan Hemmert and Rep. Brady Brammer during floor time on Monday for a reading of the Governor’s “Utah Saves Week” declaration.
Utah Saves Week is February 24 – February 29. The Office of State Treasurer will share savings tips and information throughout the week on the Office’s Facebook and Twitter. Utah Saves will also promote useful information and contests throughout the week on social media.