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Show me the money

Published: Thursday, April 4, 2013 10:32 a.m. CST • Updated: Thursday, April 4, 2013 11:08 a.m. CST
Caption
(Contributed photo)
Ben Franklin, played by Anthony Hutchings, is visiting the Creston Elementary School library. Hutchings and Sarah Young of First National Bank went to the elementary school in March and spoke with all second-grade classes about Ben Franklin and how he saved money.

Money is part of everything, and being smart about money is the focus of Money Smart Week.

Money Smart Week is a national event devoted to financial-literacy awareness. According to the Money Smart Week website, it is “designed to help consumers better manage their personal finances.”

“Money Smart Week is put on by the American Bankers Association (ABA),” said Sharon Higgins, First National Bank vice president. “It is sponsored by the ABA, but it’s put on for the banks to educate children within their areas on how to save money.”

The week is also sponsored by Federal Reserve Bank of Chicago, American Library Association and Financial Planning Association.

“First Federal and Iowa State Savings Bank, as well as First National, are all part of this,” Higgins said.

Money Smart Week will take place April 20 to 27.

“Money Smart Week is also kind of a financial literacy (program) for youth and adults,” said Sarah Young, First National Bank electronic banking officer and marketing assistant. “So, there’s other organizations within the community that will put on events to try to education both the youth and adults on saving money and basically just being money smart.”

For children, a popular event is the poster and essay contest. Poster entries are due by April 12, and must relate to the theme of Money Smart Week: “There’s a lot to learn about money. What should you know now?”

“For the local winners, three e-Reader Kindles will be given away,” said Higgins.

Creston, St. Malachy and East Union schools are all part of the local area competing for the Kindles in the poster contest. Last year, the first year the program ran, 78 students participated in the poster contest.

The local winner of the poster contest has the opportunity to compete at the state level and win a $200 cash prize.

For adults, First National and Iowa State Savings banks are sponsoring a shred-it event. A shredder will be brought in 9-11 a.m., April 27 and people can bring financial papers to be shredded. The event will be located in Alliant Energy’s parking lot at 208 W. Taylor St.

Chuck Taylor of Taylor Financial will hold two financial events April 23 at Salem Lutheran Church at 3:30 and 5:00 p.m. The first will focus on annuities, and the second will focus on retirement planning, 401K and mutual funds.

“Iowa State Savings Bank is (also) taking a bus trip to see Dave Ramsey at the Civic Center on the 24th,” said Ellen Gerhartz, Creston Chamber of Commerce executive director. “Because there is a charge, it is not listed as an event for Money Smart Week.”

Dave Ramsey is a financial guru, and he talks to people about financial issues they have.

For more information about Money Smart Week, visit www.moneysmartweek.org, or call First National Bank at 782-2195, Iowa State Savings Bank at 782-1000 or First Federal Bank at 782-8482.

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