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Albion Library to host Money Smart Week events

April 19, 2013

Money Smart Week is a national public awareness program designed to help people better understand their personal finances.

Businesses, financial institutions, schools, libraries and the media come together once a year to stress the importance of financial literacy. The goal is to inform consumers about where they can get help and to provide free information and activities throughout the week.

Albion Municipal Library will host two events commemorating this week on April 24 and April 25. Both events will be from 5 to 6 p.m. each evening.

The first night's focus will be how one's dollars are working. "Your dollars working for you" - Farmers Savings Bank representatives Nancy Harris and Dee Daniels and Albion Insurance representative Rick Matney will be on hand to offer answers to questions and explanations to complicated financial matters.

The second night's topic covers investing in the community. Community involvements in Albion include the Volunteer Fire Department, the Betterment Committee, the Ball Association and the Friends of the Library. Representatives from these groups will be available to illustrate how donations have been used and to describe the local progress generated by them.

The Community Foundation of Marshall County will also be on hand with Bettie Bolar and Mary Jo Baitinger available. The top two missions of the foundation is to "respond to the current and future charitable needs of Northeast Iowa," and to "secure and serve as the custodian of endowment funds contributed by many donors." An endowment fund was initiated for the library a few years ago and is one of the investment topics Thursday night.

Albion Municipal Library received a special event grant from the Martha-Ellen Tye Foundation to support Money Smart Week. Eleven new books were ordered to add to the collection - covering children, teen and adult financial language. Titles include "Marvels of Money for Kids," "Giving Greatness," "Debt Dangers" and "If Money Could Shout-the Brutal Truths for Teens." Some of the adult titles include "Pound Foolish - Exposing the Dark Side of the Personal Finance Industry" and "A Beginner's Guide to Investing."

Scratch 'n Sniff bookmarks will be available for pick up on on both nights, along with money erasers. The bookmark design is of a one million dollar bill with the scent of "new money."



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