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. “Financial literacy is a life skill that can improve the quality of life for folks of all ages and in all stages of life. We must continue to be committed to promoting financial literacy in schools, communities, and workplaces across our state to make sure kids and families have the support to make smart financial and budgeting decisions to prepare for their future,” said Gov. Evers. “From setting a budget, tracking spending, or planning for unexpected events by getting insurance coverage, creating financial goals gives people the flexibility to bolster their opportunities, protect their finances, and attain financial security for themselves and their families.” 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. “Financial Planning Month is the perfect time for Wisconsinites to start making plans to achieve their financial goals, whether that’s saving to purchase a car or home, paying for college, or planning for retirement, and preparing for unforeseen events that will inevitably happen,” said DFI Secretary Cheryll Olson-Collins. “Get started today by reviewing your finances, writing down your financial goals, setting a monthly budget, and reviewing your insurance policies to help create a stronger financial future for you and your loved ones down the road. For more ideas to keep your financial goals on track, review our financial wellness checklist at dfi.wi.gov.” Gov. Evers’ proclamation also encourages Wisconsinites to plan for unexpected events with the right insurance coverage, so their pocketbooks 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.
