Mayor Thomas M. Menino is proud to announce that the City of Boston has teamed up with Mint.com and Living Cities to launch the ONEin3 Money campaign. More than 100 20-34 year old’s will come together tonight at the Federal Reserve Bank of Boston for the unveiling of the new ONEin3Money.org website. ONEin3Money.org will provide young people with a place to learn about financial planning from experts, discuss savings tips and deals with peers, and use Mint.com’s budgeting tool to turn debt into savings. In addition to Mint’s budgeting tool and adviser blogs, ONEin3Money.org will feature exclusive content from certified financial planner Jennifer Lane, ONEin3er Matt Brownell, and Stealfinder-in-Chief of Shoestring Magazine, Melissa Massello.

“I’m excited to offer this new resource for the many young people that call Boston home,” Mayor Menino said. “ONEin3 Money will provide a framework for young people to manage paying off student debt, supporting a family, buying a home, starting a business and, ultimately, settling in Boston for the long-term. We are committed to helping Boston’s residents during these tough economic times, and having access to financial planning tools is key. I want to thank Mint.com and Living Cities for their support.”

“It’s a natural fit, and we’re excited to be a part of ONEin3’s financial literacy campaign, and to have Mint’s budgeting, saving, and tracking tools included in the program,” said Aaron Patzer, CEO and founder of Mint.com. “Practicing solid financial management in your twenties and thirties is crucial, and Mint.com is a quick, easy way to see where you stand financially, so you can save and do more with your money. The median age of Mint customers is 30, and more than 90% of our users have changed their financial behavior because of what they’ve learned from our free product.”

Following the launch of the website, ONEin3 Money takes its show on the road with monthly finance and budget workshops in the neighborhoods of Boston. Jennifer Lane kicks off the ONEin3 Money road show in Dorchester on October 21st, bringing her vast experience and knowledge directly to the young people of Boston. At each session, Jennifer will offer tips on saving, investing and building a financial future, so that ONEin3ers can set down roots in Boston on sound financial footing.

“The good news is that ONEin3ers have less catching-up to do,” said Jennifer Lane, President of Compass Planning Associates. “Time is on their side and free resources including Mint.com and ONEin3Money.org mean that no matter what their income now, with education and careful planning the sky is the limit.”

ONEin3 Money is part of the Mayor’s Economic Opportunity Agenda, which aims to support sound financial practices through education and counseling. With a $200,000 grant from Living Cities, $45,000 of which was allocated for the ONEin3 Money campaign, the City is rolling out several initiatives serving Boston residents, providing them with the information, tools, and resources they need to navigate difficult economic times and improve their financial well-being. Living Cities is a national consortium that supports innovative initiatives in cities and urban neighborhoods, researches best practices across cities, and advocates for policies that strengthen cities and low-income neighborhoods.

Mayor Menino established ONEin3 Boston in 2004 to give the one-third of Boston’s population that is between the ages of 20 and 34 a direct line of communication straight to the ears of City Hall. For more information on ONEin3 Boston email Devin Cole, ONEin3 Boston Manager, at devin.cole.bra@cityofboston.gov. Follow ONEin3 on Twitter.

Press Contact: Jessica Shumaker, BRA, 617.918.4446.

Release Date: September 17, 2009