by Maeve Clark on April 23rd, 2015
It’s Money Smart Week and the Iowa City Public Library has a deal for you. Money Smart Week is a program of the Federal Reserve Bank of Chicago and one of the activities is Dash for the Stash. DASH for the STASH, is an investor education and protection contest. One participant in Iowa will win $1,000 to open or add to an Individual Retirement Account.
The DASH for the STASH contest works much like a scavenger hunt. But instead of collecting objects, players gather information and leave answers to quiz questions on four posters. Each poster focuses on one investor education and protection topic, and each poster topic features an associated quiz question to answer. To play, participants read the content on each poster, scan the unique QR code to access that topic’s quiz question (multiple choice), and submit their answer via smartphone, tablet, or computer. Participants must have the QR app (free download) on a mobile device in order to scan QR codes and access the quiz. The posters are located on the first floor Gallery. The contest runs through Sunday, April 26 at the Iowa City Public Library.
The contest is being sponsored by the nonprofit Investor Protection Institute (IPI) and, in Iowa, the Iowa Insurance Division’s Securities Bureau.
by Beth Fisher on April 6th, 2014
Rarely do I read a nonfiction book and wish the author would write more. Not necessarily more about the topic, just MORE because they are such an entertaining writer. This book is definitely one of them.
Detroit News Finance Editor, and creator of the Funny Money blog, Brian O’Connor uses wit and self-deprecating humor to turn a book about personal finance into a fun read. And not just basic personal finance, but “how to survive when times get really tough” budgeting.
“The $1,000 Challenge: How One Family Slashed Its Budget Without Moving Under a Bridge or Living on Government Cheese” started as a proposal from O’Connor to the editors at the Detroit News. In 2009, as the economy in Michigan was tanking, O’Connor proposed a series of weekly articles on how to save $100 a week, and he offered to use his own family budget as the source for the story.
Budgeting is not a new concept, but O’Connor approached it with humor and honesty. He started where every budget program does, by taking a serious look at how his family actually spent money. I’m not sure he was really shocked at where their money was going, but to lay it out for all of the world to see had to be a bit nerve-wracking. He broke their budget for the former year down into categories and focused on the 10 that cost them the most each month, intent on saving $100 in each category. He took on a new category each week, and at the end of the week wrote about his successes or failures in his newspaper column, which he turned into this book.
In the book he also approaches each category on three levels – based on the three types of people he thought might need or want a book on budgeting: 1) “People who need to free up cash” so that they can increase their savings in case something bad happens, 2) “People who are having a hard time making ends meet” from pay check to pay check and 3) People who are “pinching pennies so hard that Lincoln is getting a headache.”
Seeing how O’Connor tackled each category in his own family’s budget, especially the challenges he encountered, turned what could have been a painfully dry subjects into a pretty fun read full of good information.