Noting Ohio Saves Week | News, Sports, Jobs

Most of us understand it is sound financial practice to put money into savings for emergencies, or to work toward financial goals. During this Ohio Saves Week, the Ohio State University Extension and state Treasurer Robert Sprague’s office are encouraging just that.

Though it may seem as though challenging financial times are not right for starting a savings plan, the truth is it is always important to work toward financial wellbeing, even if the amounts being saved seem relatively insignificant at the time. Establishing the habit is anything but insignificant.

Sprague and OSU encourage Ohioans to consider an automatic savings plan, reduce debt, and plan for retirement and unexpected expenses. It may sound easier said than done, but the key is to take those first steps.

“Whether you’re a high school student preparing for life after graduation or an older adult working toward retirement, financial literacy education can ensure you’re ready to navigate any challenge that lies ahead,” Sprague said. “Ohio Saves Week is a great opportunity to evaluate your goals and take advantage of the resources available to help Ohioans secure a sound financial future. We’re proud to partner with OSU Extension to expand the reach of their financial literacy and empowerment tools.”

If nothing else, this week is a good time to think about what might be possible down the road.

“Promoting effective savings strategies is key in Extension’s effort to help Ohio households build a more stable and resilient financial future,” said Cathann A. Kress, Ohio State’s vice president for agricultural administration and College of Food, Agricultural, and Environmental Sciences dean.

Buckeye State residents are still fighting to recover from the financial blows dealt by the pandemic. But a look at the tools and advice provided during Ohio Saves Week might just help them get into a better position whatever storm comes next.