State Regulators Urges Families to
Conduct Comprehensive Review of Finances

Families should make sure spending and savings plans are meeting their needs

CHICAGO – During these times of financial turmoil, state regulators are urging Illinois families to assess whether their short, medium and long-term financial plans continue to meet their needs. As the regulator of financial, insurance and mortgage companies, the Illinois Department of Financial and Professional Regulation (IDFPR) updated its Financial Literacy 101 webpage to encourage families to reassess their financial situation.  The page can be found at www.idfpr.com.

“Now is a good time to make sure debt, insurance and savings plans are current and give families the security they deserve,” said Dean Martinez, Secretary, IDFPR. “It is also a good time to make sure that the financial professionals and institutions that you rely on are appropriately licensed and in good standing with the State of Illinois.”

Financial Literacy 101 provides basic information on how to select the right bank accounts, investments, loans, and mortgages.  It provides links to other government sites, as well as some well-respected privately operated sites so Illinois families can learn about the myriad of financial instruments available, protect their sensitive personal information and identities, and avoid or be aware of the many scams and frauds being perpetrated on the unaware. 

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