Money Smart Week

Money Smart Week

The American Library Association in conjunction with the Federal Reserve Bank of Chicago is sponsoring Money Smart Week taking place April 5 – 12, 2014.  Take control of your personal finances with resources available from Money Smart Week.  There are lots of websites and apps available to help you budget and control spending.

Student Kenneth Gillpatrick ’16 reviews two personal finance apps:

Is managing your money not a strong suit? As college students, we are constantly struggling to monitor our spending habits. One solution is take out your smartphone (which a majority of us have) and download a few personal finance apps. Mint and Check are two great apps that allow you to budget your money, and provide you with a visual of where your money is spent. Personally, I prefer Mint because I am the type of person to use my debit card for most, if not all, of my transactions.  For people that prefer to spend cash, the app makes it somewhat difficult to track cash expenditures. Nonetheless, these apps will aid anyone trying to track their personal finances, and they can even tame the most reckless of spenders.

 

Student Chris Bruno ’16 reviewed two websites:

My Money

After spending sometime reviewing the MyMoney website it is clear that this site is a great tool for people of all ages who are looking for ways to control their money. The primary purpose of the website is to help students understand the risks and opportunities that college students are mostly susceptible to. The use of tabs at the top of the screen allows the website to be very easily navigable and it allows the viewer to find the main points with minimal difficulties. A big aspect of MyMoney is the “MyMoney Five” feature. This part of the site allows the viewer to look at the five most important building blocks for making the most of one’s money. The five keys are: spending, earning, saving/investing, protecting, and borrowing. The website features tabs for all five of these categories and ultimately makes it a focal point for the site. Overall MyMoney.gov is a great website for anyone trying to make the most out of their money and I recommend the site to all college students.

 

Federal Deposit Insurance Corporation (FDIC)

The FDIC website is a great tool for anyone looking to manage their money more carefully. With quick links to tips about borrowing money, saving money, managing your bank accounts and much more, the site offers a variety of advice. While exploring the different features of the website a unique feature that I took interest in was the “Scams and Thefts” tab. This quick link takes you to a part of the website which explores many different risks that college students are highly acceptable to. Whether it’s how to avoid fraud, or protecting your privacy, this link allows the viewer to get a wide variety of scams and illegal actives that could involve one’s money.  FDIC also provides many links to other websites that can give you more information about a specific financial topic that you may be interested in. Overall, the FDIC website is a starting point which offers an abundance of information for someone who is looking to manage their money better or perhaps learn about the risks that are involved with managing money.

 

For more information about Money Smart Week, please contact the Reference Librarians for more assistance by email or by phone at 508-565-1103.