The District of Columbia Department of Insurance, Securities and Banking is planning a series of events this week to encourage District residents to adopt better spending habits as part of America Saves Week.

Activities will promote free, interactive programs such as “Bank on DC” and “Financially Fit DC” designed for Washingtonians of all ages and income levels.

“In keeping with Mayor [Muriel] Bowser’s vision for inclusive prosperity, DISB will use America Saves Week to raise awareness about the importance of saving, and reducing debt,” said DISB Commissioner Karima Woods. “With so many Washingtonians still reeling from the financial crisis caused by the coronavirus public health emergency, this week is a great opportunity to focus.”

During American Saves Week, DISB and its partners will provide District residents with tools to help reach their full financial potential, including information on automatic savings and financial planning.

In the past during America Saves Week, participating banks and credit unions reported that savers deposited more than $363.8 million as a direct result of their efforts to eliminate bad spending habits.

WI Guest Author

This correspondent is a guest contributor to The Washington Informer.

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