On Saturday, Oct. 17, Indiana University Northwest will host Money Smart, a free financial fair aimed at teaching people strategies for better money management. In these uncertain recessionary times, sound money management and advance financial planning are more important than ever before. Money Smart offers people of all ages and income levels sound strategies and advice for stretching their dollars further, avoiding scams and pitfalls, and investing in a more secure financial future.
The event is one of more than 100 free classes, seminars and activities promoting financial education that will take place during Money Smart Week® on the week of Oct. 10 – 17, 2009. The free fair at IU Northwest will be held from 8 a.m. until 3 p.m. and will include breakout sessions, breakfast on-the-go and a box lunch. A door prize will be awarded at each workshop, vendors will be present with valuable information, and Network Financial Institute’s Money Bus will be on hand for public viewing. A roundtable discussion and question-and-answer session with Money Fair presenters will take place from 1 p.m. until 2 p.m.
On Thursday, Oct. 8, Money Smart officials will host a 10 a.m. press conference in the IU Northwest Dunes Medical/Professional Building, located on the IU Northwest campus at 3400 Broadway in Gary, Ind. Representatives tentatively scheduled to appear include: Dian Reyome, Centier Bank Financial Literacy Coordinator; Senior Outreach Program Manager Alejo Torres of the Chicago Federal Reserve Bank; Lake Area United Way Vision Council Chairman Mike Davis; Angela Jones of the Nia Group’s Money Dough presentations; Ken Williams, IRS Indianapolis Territory Manager; and IU Northwest Chancellor Bruce Bergland, among others.
This is the fourth year that IU Northwest has hosted the Money Smart financial expo. Participation has averaged 300 people per year.
“Like other states, Indiana has been hit hard by the shaky economy,” said Indiana Secretary of State Todd Rokita. “In the last year, we’ve seen dramatically high unemployment rates, an increasing number of foreclosures, and several high-profile cases of investment fraud. Now, more than ever, it’s critical that we place an emphasis on financial literacy and empower people with the knowledge and resources they need to be smarter savers, more responsible consumers, and better-informed investors.”
Coordinated by the Federal Reserve Bank of Chicago and its Money Smart partners, Money Smart Week - Indiana is designed to educate consumers about money management and create awareness of financial education programs on a wide range of topics, such as budgeting, saving and using credit wisely. Other educational activities will be presented throughout Northwest Indiana by local community groups, government agencies, businesses, schools, and non-profit organizations.
“The Money Smart Advisory Council (MAC) members have shown great enthusiasm for this statewide personal finance initiative,” said Doug Tillett, vice president of the Chicago Fed’s Public Affairs Department. “We are thrilled the program has doubled in size from one year ago, bringing twice as many events to cities and regions across the state.”
This year’s Money Fair includes informative breakout sessions geared to every financial age, including:
The More You Know: For those needing a little extra information to make a good financial decision;
I’ve Got Skills: For those seeking to diversify their income (self-employed, entrepreneurs, or those who wish to create a job);
Enhancing Your Money Power: For those who need a little extra cash;
The Youth Track (ages 7 – 18): Because it’s never too early to get a good start!
To register for the Money Smart Fair at IU Northwest, or for more information, call (219) 980-2093. Information on all Money Smart presentations can be found at www.moneysmartweek.org/indiana, or by calling (877) 669-7678.