The Federal Trade Commission (FTC) has designated March 1-7, 2009, as National Consumer Protection Week to highlight consumer protection and education efforts around the country.  This year, the theme of National Consumer Protection Week centers on the “Nuts and Bolts: Tools for Today’s Economy” to give consumers the tools they need to make smart financial decisions in today’s market. 

 Americans make countless purchases and conduct millions of transactions each day, but sometimes even wise consumers can make misinformed financial decisions.  Poor choices hurt our pocketbooks and make it more difficult for citizens to meet their financial goals.  Fortunately, consumers can protect themselves against some aggravation and unnecessary loss of money and time through financial education.  Education is the first line of defense to making smarter money decisions.

 In any economy, education is vital for consumers who want to manage their money wisely and protect themselves against fraud.  Financially savvy consumers are likely to make smarter money decisions, use credit more wisely, and build a solid financial foundation.  But, given today’s market, when families are looking for ways to stretch their dollar, manage their debt, and protect their credit report, it is especially critical for consumers to make sound financial choices.

 National Consumer Protection Week has partnered government agencies and national consumer organizations to provide practical tips so consumers can learn how to make well-informed financial decisions.  I encourage all consumers to take advantage of the resources from National Consumer Protection Week. 

 For more information about “Nuts and Bolts: Tools for Today’s Economy”, including information on credit and money management, retirement planning, or insurance information visit the National Consumer Protection Week website.  Visitors will find a wide range of information on this website, including how to obtain a free credit report, how to spot a telemarketing scam, how to better handle financial debt, how to deter and detect identify theft, how to avoid home and auto repair scams, and how to report credit repair scams.

 The U.S. Financial Literacy Education Commission, through the “My Money” program, also offers a wealth of information to help citizens become more informed consumers.  Consumers can contact “My Money” to learn more about paying for college, financial planning and budgeting, and protecting themselves against fraud.  “My Money” also provides a free toolkit filled with helpful information on saving, investing, and protecting your money.  To learn more about this program or to receive a free toolkit, visit the My Money website or contact “My Money” toll free at 1-888-696-6639.

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