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Tuesday, June 25, 2024

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Opponents of latest AR state tax cuts say they benefit wealthy Arkansans; Julian Assange agrees to a plea deal that would allow him to avoid imprisonment in US; Tech-based carbon-capture projects make headway in local government; NV nonprofit calls Biden's student debt initiatives economic justice.

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Charges against fake electors in Nevada are dismissed, Milwaukee officials get ready to expect the unexpected at the RNC convention, and the Justice Department says Alaska is violating the Americans with Disabilities Act.

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A Minnesota town claims the oldest rural Pride Festival while rural educators say they need support to teach kids social issues, rural businesses can suffer when dollar stores come to town and prairie states like South Dakota are getting help to protect grasslands.

America Saves Week: CT groups teach money saving techniques

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Monday, April 8, 2024   

Today is the beginning of America Saves Week, and Connecticut groups are hosting events all week.

Each day is correlated to a different aspect of spending - whether it's paying down debt, saving at any age, or preparing for the unexpected.

Faye Griffiths-Smith - a family economics and resource management educator for at the University of Connecticut Extension - said she often hears people feel they don't have enough money to save.

She said creating a budget is one way to see where your money goes.

"You may find that there is opportunity to reallocate some money," said Griffiths-Smith, "if you look at the way you spend money anew, and consider changes that you might be able to make because life changes."

This year's events include a Financial Expo from the Connecticut Department of Banking and two passport-style Financial Action Fairs.

Events will also be held at the U Conn Hartford Campus, and at the Hartford Job Corps Center.

Griffiths-Smith said she hopes young people take away strong financial literacy techniques and a better understanding of what it means to save money.

More information can be found online at americasavesweek.org.

Along with financial literacy, some partners will talk about being sensible with that money.

Michelle Bourdeau, education foundation director with Better Business Bureau Serving Connecticut, said people can remain financially savvy by watching out for scams.

"When we're investing, we're doing our research," said Bourdeau. "We're making sure that we are investing it with people who are authorized to take that money, who have good reputations, good business practices so that we don't get taken advantage of."

She added that imposter scams are common for people looking to buy a new car or become a homeowner.

But, investment and cryptocurrency scams are the most common in Connecticut, costing victims more than $8,000 on average. Bordeau said doing research can alert you to who you're dealing with.




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