ISU to host two events for Money Smart Week® Indiana

October 11, 2010

Indiana State University will be hosting two events as part of Money Smart Week® Indiana from Oct. 16 to Oct. 23.

Bart Colwell, president of Terre Haute Savings Bank, will give a presentation titled "Avoid the Pitfalls of Credit Cards!" on Tuesday, Oct. 19 in the Scott College of Business 11th floor conference room. A reception will be held from 5 to 5:30 p.m. before the presentation, which will last from 5:30 to 6:30 p.m. People can RSVP for the reception by calling 812-237-2442 by Oct. 12. People who do not RSVP will still be able to attend the presentation. The event is sponsored by Gamma Iota Sigma and Networks Financial Institute (NFI) at ISU.

"This presentation will discuss the common mistakes and common misconceptions of credit card usage as well as the new credit reform and how it affects users as far as advantages and disadvantages," said Brittany Greene, assistant director of financial literacy for NFI.

On Wednesday, Oct. 20, accounting firm Larry E. Nunn and Associates will give a presentation titled "International Financial Reporting Standards." Faculty and students from the Scott College of Business are invited to attend a presentation about the current developments with IFRS, its history, the differences between IFRS and U.S. Generally Accepted Accounting Principles and where the United States stands on the issue.

The event is scheduled from 6 to 7:30 p.m. and will be held at the Scott College of Business 11th floor conference room. The presentation is sponsored by Beta Alpha Psi and NFI.

Money Smart Week® Indiana is a public awareness campaign "designed to help consumers better manage their personal finances," Greene said. Hundreds of organizations ranging from businesses to nonprofits and government agencies work together during the week, she added.

"Programming is offered to all demographics and income levels and covers all facets of personal finance from establishing a budget to first time home buying to estate planning," she said.

Contact: Brittany Greene, assistant director of financial literacy, Networks Financial Institute, Indiana State University, 812-237-3859 or brittany.greene@indstate.edu

Writer: Austin Arceo, assistant director of media relations, Office of Communications and Marketing, Indiana State University, 812-237-3790 or austin.arceo-negrich@indstate.edu