Mind Your Money


Welcome to the library's multi-author blog and associated resources for increased financial literacy. This program is made possible by a grant from the FINRA Investor Education Foundation through Smart investing@your library®, a partnership with the American Library Association

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For questions or comments about this program, please send email to mym [at] hmcpl [dot] org.



Warriors avoiding financial pitfalls

Among the dangers that our military faces are financial predators in their own backyard.  Many people do not realize that personal finance issues are a significant concern for our service men and women.  A recent article in Military Times outlines some of the pitfalls that the military community should guard against.  It describes sound approaches to these situations, and mentions a book that three Army captains penned after teaching personal finance workshops for their troops -- The Soldier’s Financial Leadership Guide.

April is Financial Literacy Month

Did you know that April is Financial Literacy Month? Too many Americans are insufficiently educated about their personal finances.

Business Insider writes that the eighth annual NFCC survey of over 2,000 Americans found that:

  • 34% of households carry month-to-month credit card debt
  • 60% haven't checked their credit score in the last 12 months, and 65% have similarly neglected their credit reports
  • 41% would grade themselves a "C" or lower when it comes to financial know-how

And perhaps most worryingly … 61% of U.S. adults don't even have a budget.

The article also offers three tips for getting started with your financial health:

  1. Figure out your monthly net pay.
  2. List your major expenses.
  3. Track your discretionary spending.

Are you invested in your financial future? You can find more information for new investors, the military and for youth or talk to your employer about bringing our free financial literacy "lunch and learn" classes to your workplace!

FREE Financial Literacy classes available to the public at Madison's Hogan Family YMCA

We are incredibly excited to announce that our second set of public financial literacy classes will be held at Madison's Hogan Family YMCA!

These classes are taught by non-biased financial professionals or educators and are geared towards beginning investors in an effort to the provide information to help you begin creating effective investment strategies.

A light lunch will be served.

Directions to the Hogan Family YMCA may be found here, dates and times for classes are as follows:

  • Session 1: Mon April 28, 2014, 11:00 AM - 12:00 PM
  • Session 2: Mon May 5, 2014, 11:00 AM - 12:00 PM
  • Session 3: Mon May 12, 2014, 11:00 AM - 12:00 PM
  • Session 4: Mon May 19, 2014, 11:00 AM - 12:00 PM

Please contact the Hogan Family YMCA at (256) 705-9622 or Tammy Schofield at the Madison Public Library via email at tschofield [at] hmcpl [dot] org to register for the classes.

For handouts and more class schedules please visit http://hmcpl.org/mym/classes.

Image of the Hogan Family YMCA

Finance Tips For Single Women

The way most people live these days is drastically different than in generations past. People are generally waiting until much later in life to marry and have families. Considering this, many women will be single for at least part of their adult lives. Also considering the current rates of divorce, there is a reasonable likelihood that many women will find themselves single again at some stage after marrying. Those time-honored gender roles tend to suggest that most women are not great at putting their own needs first, though when it comes to personal finances, women must consider their own needs and wants in order to secure their financial future.
Read the entire article at http://finance.yahoo.com/news/finance-tips-single-women-184319399.html.

Report: Nearly 63 percent of Alabama households have almost no emergency savings (poll)

A recent report by the nonprofit Corporation for Enterprise Development in Washington, D.C. says 62.7 percent of Alabama households are financially insecure.

The 2014 Assets & Opportunity Scorecard, which ranks Alabama 48th overall in financial stability and in state policies designed to assist families who are struggling, describes those who are financially insecure as "liquid asset poor," meaning they do not have up to three months of basic expenses saved in the event of a job loss, health emergency or other crisis.

While most of Alabama's "liquid asset poor" households live on an income below $23,550 for a family of four, the study shows 27 percent of households earning more than $65,580 a year have less than three months of savings for emergencies.

The analysis also ranked Alabama on financial assets and income, businesses and jobs, housing and homeownership, healthcare and education. 

Click here to read CFED's full report on Alabama.

The Best Savings Tips We’ve Ever Heard

At LearnVest, we're all about quick and easy.
That's why we love the little tricks that can bolster your budget in big ways. And when looking for ways to save money, get organized and be more productive, who better to ask than the LearnVest staff?
From saving money on meals to breaking bad financial habits, our team practices what we preach, and we're happy to share the prized "life-hacks" that make our days easier (and our bank accounts fuller).
Read the rest at

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