[R76] Rep. McNamara: Let's be money smart (4/24/2012)

Tuesday, April 24, 2012 7:00 pm

Start Date:  4/24/2012  All Day  
End Date:  4/24/2012    
Let’s be money smart

As legislators, we strive to be good stewards of taxpayer money. When crafting a budget to funding programs, we seek to make smart financial decisions for the State of Indiana. We understand that when smart money decisions are made not only do we achieve financial wellness for the state but that the wellness of Hoosiers is also improved.

Money problems are stressful and unfortunately, due to a down turned economy financial stress is being felt by more and more families. Having a plan and tools in place to deal with finances helps alleviate some of stress that comes when dealing with money.

This week is Money Smart Week, a week designed to educate consumers about money management. National Money Smart Week is April 21-28 and is put on by the Federal Reserve Bank of Chicago. Their website www.moneysmartweek.org is a great resource for financial tips. The bank, in conjunction with local groups, has organized informational sessions on finances in our community.

• Buying and Owning a Home: Tuesday, April 24, 12:00 p.m. to 1:30 p.m.
Evansville Vanderburgh Public Library 200 SE Martin Luther King Jr. Blvd., Evansville, IN 47713

• Making Home Affordable -Understanding Your Options, Thursday, April 26, 4:30 p.m. to 5:30 p.m.
EVPL- McCollough Branch, 5115 Washington Ave., Evansville, IN 47715

• Credit Reports and Scores and Identity Theft: Wednesday, April 25, 6:00 p.m. to 8:00 p.m.
Evansville Vanderburgh Library, 200 SE Martin Luther King Jr. Blvd., Evansville, IN 47713
 
• Personal Finance 101 and budgeting, Tuesday, April 24, 6:00 p.m. to 7:00 p.m.
YMCA Caldwell Community Outreach Center, 1430 S. Garvin St., Evansville, IN 47713

The Indiana Secretary of State is spending the week educating Hoosiers about a growing problem-- investment fraud. She said that most citizens do not realize that Americans lose an estimated $40 billion every year to this. There is a direct correlation between financial literacy and falling victim to investment fraud.

The Secretary of State’s office has a program that tries to stop investment fraud and educate Hoosiers on ways to protect themselves. The Indiana Investment Watch program provides education to help Hoosiers become money smart and learn the dangers of investment schemes.

Education is power, so I urge you to educate yourself this week on ways to better manage your money and protect yourself from investment fraud. Hopefully, everyone will soon be on their way to becoming financially fit. Also, I want to make you aware of a website called www.mint.com that can help you manage personal finances and shows exactly where you spend your money.