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Simplify finances this month with a Money Smart KC workshop

Posted: 8:10 AM, Apr 20, 2018
Updated: 2018-04-20 09:27:17-04

KANSAS CITY, Mo. — Numbers can intimidating, especially when they have to do with money. But this month, Money Smart Kansas City wants to help you get a grip on your wallet.

April is "Financial Literacy Month." Throughout the month, Money Smart KC will host workshops to break down all things finance. 

The classes come at a good time. A report by the Federal Reserve Bank shows Americans are trillions of dollars in debt. 

Organizers said the key is to simplify finances by thinking of it as money, not getting bogged down in big words and unknown terms. Their advice is to focus on three aspects: saving, spending and stability. 

The theory goes: if your money is in order, life will follow. 

"Don't live at your means, but below your means," said Gigi Wolf, with Money Smart KC. "So that you're able to take care of yourself and your family, but also give back to help others in the community."

Volunteers from the Federal Reserve Bank of Kansas City will visit 450 kindergarten through 5th grade classrooms this month. They will introduce the children to money management skills and pass out items like piggy banks. 

The bank, Money Smart KC, and their partners will also host events for adults this month and all year round. Click here for more information.

The executive committee of Money Smart KC is made up of representatives from Central Bank of Kansas City, Commerce Bank, Credit and Homeownership Empowerment Services (CHES), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Bank of KC, the Full Employment Council, and the Local Initiatives Support Corporation (LISC).