Certified financial planner, Rebecca Schreiber, begins her presentation for OMB employees during a financial planning program co-sponsored by the Women's Bureau.
Philadelphia Women’s Bureau Joins OMB to
Provide Federal Employees With Tools for Financial Success
By Joanna Hawkins, OPA
Federal employees seeking information to plan for solid financial futures received valuable tips during the Seed Money: Personal Finance Strategies for Federal Employees program on Tuesday, July 22, 2009 at the Truman Room of the White House Conference Center in Washington, D.C.
Sponsored by the Office of Management and Budget (OMB) and the Women's Bureau Philadelphia Region, the program addressed debt management, budgeting and investing.
The program also highlighted the role of federal benefit programs in the budgeting and savings process as well as the federal thrift savings plan retirement program in the context of managing retirement accounts.
“There was strong interest in the program from the beginning, as the event booked up the first day of registration,” said Rebecca Schreiber, the certified financial planner contracted by the Women’s Bureau to organize the program.
Participants were also introduced to the Wi$e Up program, a free financial planning program offered by the Labor Department’s Women Bureau that guides young professionals through key financial decisions. In one comprehensive seminar participants created personalized debt management plans, monthly budgets and diversified retirement portfolios.
OMB employees respond to questions about their financial habits and practices at the Seed Money: Personal Finance Strategies for Federal Employees program.
This event was significant because it was the first one held for staff of the Executive Office of the President that built personal skills such as personal finance. Most OMB programming has traditionally addressed the agency's software and policies.
OMB has requested a follow-up seminar in the fall, added Schreiber. The next event will be held at the start of the federal open benefits season to help OMB employees make the most of their benefits package.
"We believe the great turnout for this event and interest for similar events in the future demonstrates how even federal employees need to become wiser in the management of their finances," said Lucia Bruce, regional administrator for the Philadelphia Region Women’s Bureau. “We look forward to continuing these financial education programs in the future.”