WEST ORANGE/SOMERSET, NJ — As part of National Financial Literacy Month, Department of Banking and Insurance Commissioner Ken Kobylowski today spoke to more than 550 students at West Orange High School about important financial issues such as banking, identity protection and establishing good credit.
“Don’t spend more than you earn,” Commissioner Kobylowski told the students. “The financial decisions you make today will affect your life for many years to come.”
Yesterday, Banking Division Assistant Director for Consumer Finance Patrick Mullen spoke to a Somerset senior group about how to carefully buy financial products such as life insurance, reverse mortgages, annuities, and long term care.
Commissioner Kobylowski and Mullen addressed the groups as part of the Department’s ongoing Senior Financial Literacy Program, now in its second year. In that program, Commissioner Kobylowski and Department staff speak to senior citizens about such topics as life insurance, long term care, annuities, reverse mortgages and savings.
The program for seniors complements the Department’s ongoing Financial Literacy program for high school students. For the last seven years, the Department has conducted financial literacy programs for high school students and spoken to thousands of students in school across the State about topics including basic personal finance, the importance of credit and how to manage credit cards.
April is National Financial Literacy Month, a national public awareness effort to help consumers establish and maintain healthy financial habits, take charge of their personal financial well-being and make smart financial decisions.