Gov. Evers Proclaims Financial Planning Month in Wisconsin

MADISON, Wis. – The Wisconsin Department of Financial Institutions (DFI), in partnership with the Wisconsin Office of the Commissioner of Insurance (OCI), today announced Gov. Tony Evers proclaimed October as Financial Planning Month in Wisconsin.

“Personal financial literacy is a life skill we are committed to advancing in our schools, communities, and workplaces across the state to help folks of all ages and stages make smarter financial decisions for their futures,” said Gov. Evers. “Financial literacy helps folks improve and protect their financial well-being. It helps them create financial plans for short-term and long-term goals, build savings, pay down debt, manage risk with insurance coverage, and prepare loved ones for future financial needs. I encourage all Wisconsinites to take steps to protect their financial future today.”

Gov. Evers’ proclamation aims to highlight the critical role that financial planning plays in achieving financial security and encourages all Wisconsinites to revisit or create a financial plan that will help improve their overall financial health and protect themselves and their families from future financial stress and uncertainty.

“Creating a financial plan can help people feel more confident about navigating life’s unexpected events, such as car accidents or serious illnesses, and tackle planning for big-picture life events, such as marriage, purchasing a car or home, having children, and saving for higher education and retirement,” said DFI Secretary-designee Wendy K. Baumann. “A financial plan can act as a roadmap toward these goals. The plan should incorporate all facets of one’s financial life including earnings, spending habits, savings and investing, and planning for emergencies. Take time now to develop a financial plan, then review it throughout the year to track progress and adjust the plan as life evolves.”

Gov. Evers’ proclamation also encourages Wisconsinites to plan for unexpected events with the right insurance coverage, so their wallets are protected from unforeseen health issues, car accidents, and other property damage.

“Our team at OCI works every day to inform and empower consumers because understanding insurance coverage can help Wisconsinites keep their finances on track,” said Insurance Commissioner Nathan Houdek. “Our insurance marketplace is strong and competitive so every Wisconsin consumer can access high quality, reliable insurance that can help protect their future. OCI also has experts and resources available to address insurance questions about deductibles, premiums, and more.”

Learn more about insurance coverage by visiting OCI’s website or calling (608) 266-3585​​. To file an insurance agent or company complaint, visit OCI’s complaints webpage or email OCIComplaints@wisconsin.gov.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.