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University of Iowa News Release

 

March 26, 2008

Financial literacy promoted during Money Smart Week April 5-12

During Money Smart Week -- Saturday, April 5, to Saturday, April 12 -- students and consumers can learn to better manage their personal finances through a series of free classes and activities sponsored by University of Iowa Student Credit and Money Management Services, the UI Alumni Association and the UI Community Credit Union.

Money Smart Week is intended to promote financial literacy, helping consumers learn to better manage their finances. The focus of the UI sessions is to help students and the community develop smart money management skills.

"The Alumni Association believes in educating students about financial management. That's why we fund free financial counseling for UI students through our partnership with Student Credit and Money Management Services," said Vince Nelson, president of the UI Alumni Association. "We are pleased to be a part of Money Smart Week and hope these workshops will be of benefit to our students and community."

The free Money Smart Title seminars include:

--"Avoiding Identity Theft and Understanding Credit Scores," 6 to 8 p.m. Monday April 7, Iowa City Public Library, Room A. This seminar is open to the public and presented by the UI Community Credit Union.

--"Ultimate Money Skills: Scholars, Dollars, Budgets, and Bills," 6:30 to 8 p.m. Wednesday, April 9 in the Iowa Memorial Union, Indiana Room. This session, intended for UI students, is presented by the UI Alumni Association, Monster.com and Bank of America; pizza and soda will be provided.

--"Avoiding Identity Theft and Understanding Credit Scores," 6 to 8 p.m. Thursday, April 10, Iowa Memorial Union, Iowa Room. This seminar, presented by the UI Community Credit Union, is intended for students.

"Students can benefit from attending these workshops by taking what they learn and using it to avoid future money management issues. At each of the on-campus workshops, we'll have information about the free financial counseling service that is provided for UI students," said Kristi Finger, chair of Student Credit and Money Management Services.

Money Smart activities are also taking place in Des Moines and Cedar Rapids.  See http://www.chicagofed.org/consumer_information/msw_iowa.cfm for an Iowa events calendar.

Money Smart Week began as a coordinated effort of the Money Smart Advisory Council, a diverse group of more than 40 Chicago-area organizations working together to promote personal financial literacy. Chicago Fed President Michael Moskow convened the council's first meeting in July 2001, during which members agreed to share resources and ideas to achieve greater public awareness of the programs and services available in the city of Chicago.

The Money Smart Week model has grown beyond Chicago with successful campaigns in Michigan, Indiana, and Wisconsin in October 2006. Iowa and Peoria each hosted their first Money Smart Week in 2007.

OTHER INFORMATION: http://www.chicagofed.org/consumer_information/msw.cfm

STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500

MEDIA CONTACTS: Karissa Wikert, UI Alumni Association, 319-335-329, karissa-wikert@uiowa.edu; Kristi Finger, Office of Student Life, 319-335-3059, kristi-finger@uiowa.edu; George McCrory, 319-384-0012, george-mccrory@uiowa.edu