California legislative staff members recently received briefings on how to improve their money management abilities.
Conducted by the California Society of CPAs (CalCPA) and CalCPA Institute, the program covered debt and credit management, retirement planning, home mortgages and saving for college.
Assembly members Fiona Ma and Roger Niello, themselves CPAs, sponsored the program, which was held at the Capitol.
The program was part of a CalCPA community outreach effort designed to improve Californians' financial literacy. Certified public accountants from the Sacramento area conducted the workshop.
"Many Californians manage their finances poorly," said Loretta Doon, CalCPA CEO. "For example, a recent survey indicates that many state residents are paying exorbitant interest to payday lenders.
"In the past few years, CalCPA members have been conducting community outreach programs, many of them in cooperation with state legislators, to provide information that will help individuals make better financial decisions. The presentation to legislative staff gave them a forum in which to ask questions about their own financial concerns as well as an opportunity to see how such programs can aid the communities they serve."
CalCPA financial outreach efforts primarily consist of two programs:
Dollars & Sense, in which CPAs discuss financial topics before local community groups, and a high school student education program, in which CPAs visit classrooms to conduct financial lessons.
CalCPA also produces monthly "Financial Empowerment" podcasts about important financial issues.
Additional information about CalCPA's financial outreach efforts, including access to the podcasts, is available at