Program to teach students financial responsibility

Written by Michelle Leverett

Monday, 15 September 2008 09:10 PM

Monster.com’s Making It Count program, in conjunction with Bank of America, will provide students the tools to develop money management skills through an interactive seminar Wednesday. The one-hour interactive financial seminar, Ultimate Money Skills: Scholars, Dollars, Budget & Bills at noon Wednesday at 101 College Hall, will help students with budget and credit card responsibility, event program manager Cathy Gambill said. The presentation will demonstrate the use of the Web site www.ultimatemoneyskills.com, which allows students to budget their money efficiently, she said. “Students can use the Web site like a ‘what if?’ case scenario,” Gambill said. She said the site allows students to enter credit card information like the annual percentage rate and all purchases they plan to make for the month. An online calculator estimates the total bill and the monthly payments with the interest rate. The program began two years ago and is being sponsored by Bank of America. Gambill said the seminar isn’t traditional. “It is highly interactive in the sense that the presenters always get the audience involved by talking with the students on their level,” she said. Salil Sarkar, finance and real estate associate professor, said it’s good for students to be educated about their finances early in life so they realize the choices they make now impact their future financial success. “They need to keep in mind that they must always evaluate the pros and cons of the information they are receiving,” Sarkar said. “It is important for students to do their own research and compare it to other financial resources, which are available online, as well as financial publications.” Sarkar said the only problem he has with these kinds of seminars is that as much as the banks want to educate students about financial responsibility, they still have their own interest in creating more business by recruiting through these events. Sarkar said that before attending any kind of financial lecture, “it is good to be prepared beforehand so that it’s a two-way conversation instead of a one-way conversation.” Nursing freshman Mel Antepuesto said the lecture is good training for young people to prepare them for financial decisions like buying a new vehicle or home — especially freshmen who are clueless about money management. Views: 758 | E-mail   Be first to comment this article Powered by AkoComment Tweaked Special Edition v.1.4.6 AkoComment © Copyright 2004 by Arthur Konze - www.mamboportal.com All right reserved

Last Updated ( Tuesday, 02 December 2008 02:36 PM )

 

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