Wolf Administration Launches Program to Help New Moms Make Smart Money Decisions

Harrisburg, PA – The Pennsylvania Department of Banking and Securities (DoBS) has announced a new financial literacy program tailored to help new and expectant mothers learn more about saving, investing, and improving their overall financial health.

The “Moms on the Money (MOM) Trail” program is a free, noncommercial ten-lesson program that provides critical financial knowledge for new mothers to be successful in the next stages of their lives. Program partners include the Pennsylvania Insurance Department and the Pennsylvania Treasury.

“Major life events can be an opportune time to take an assessment of your personal financial capability and seek out relevant, credible, and factual information to grow that knowledge,” said Secretary of Banking and Securities Richard Vague. “The department and our partners remain committed to ensuring all Pennsylvanians are able to make wise financial decisions, no matter their stage of life.”

The MOM Trail program follows the department’s recent collaboration with the Lehigh Valley Health Network Pocono Region’s Nurse-Family Partnership to help first-time mothers build personal financial skills.

Organizations offering motherhood programs in their communities that are interested in learning more about the MOM Trail program are encouraged to contact the department at [email protected].

Learn more about the department’s other free programs and presentations or request a program tailored to your specific needs.

Visit the department’s calendar of events to find an event near you. Consumers and community groups can call 1-800-PA-BANKS or email [email protected] for more information. To learn more about the Consumer Financial Protection Initiative, follow the department on Twitter and Facebook.

MEDIA CONTACT: Virginia Lucy – 717.214.6036, [email protected]

# # #