Blogs: Money: Kids and parents

The Money Tip$ video series concludes with a brief discussion of credit.  Your credit score can affect everything from insurance rates to employment opportunities, as well as the cost (and ability) to borrow money when needed.  This episode presents the main elements of your credit score, helping identify ways to improve your credit situation to save money in the future.  We hope you've found the Money Tip$ video series to be helpful in learning new ways to manage your money.  Click the video below to view our fifth, and final, installment:

 


The Money Tip$ video series was produced by Multnomah County Library in collaboration with Innovative Changes, a Portland non-profit organization that exists to help low-income individuals and families manage short-term financial needs in order to achieve and maintain household stability.  Made possible by The Library Foundation with a grant from the FINRA Investor Education Foundation through Smart Investing @ your library ®, a partnership with the American Library Association.


 

Now that you've learned some tips to help set SMART money goals, set up a budget, and survive tax season - its time to focus on how you can save money.  This Money Tip$ episode offers creative ways to save money in order to achieve your SMART goals, while staying within the framework of your personal budget.  You'll find that you'll be better equipped to handle unexpected situations not included in your monthly budget - such as a serious illness, or auto repair and maintenance - by establishing a plan for saving money.


This episode of the Money Tip$ video series was produced by Multnomah County Library in collaboration with Innovative Changes, a Portland non-profit organization that exists to help low-income individuals and families manage short-term financial needs in order to achieve and maintain household stability.  Made possible by The Library Foundation with a grant from the FINRA Investor Education Foundation through Smart Investing @ your library ®, a partnership with the American Library Association.


 

 

Are you going to school and need money, but feeling overwhelmed by the thought of where to begin?  Your Scholarship Application Guide was developed by Portland Community College staff to make the scholarship search and application process easier for you.  This guide outlines much of what you need to know including an explanation of what a scholarship is, reasons why you should apply, the scholarship time cycle, links to where you can search for them, and much more to help you get started!  Understanding the scholarship application process is the first step toward continuing your education without breaking the bank to do it.

Happy scholarship hunting!

 

Why do you need a budget?  Everyday life can be difficult if you don't know where your money is coming from - and where it is going.  The Money Tip$ video series continues with helpful information about budgeting.  This episode presents simple strategies for tracking your hard earned money, allowing you to make decisions that align with your short-term and life-long financial goals.   

Here's episode three:


The Money Tip$ video series was produced by Multnomah County Library in collaboration with Innovative Changes, a Portland non-profit organization that exists to help low-income individuals and families manage short-term financial needs in order to achieve and maintain household stability.  Made possible by The Library Foundation with a grant from the FINRA Investor Education Foundation through Smart Investing @ your library ®, a partnership with the American Library Association


 

This second installment of the Money Tip$ series focuses on setting SMART goals for managing your money.   What is a SMART goal?  This episode will outline key elements for setting goals that are realistic and achievable.  When your goals are set within your reach, it will be easier to reach your money management and financial goals.  Take a look:

   

  

This episode of the Money Tip$ video series was produced by Multnomah County Library in collaboration with Innovative Changes, a Portland non-profit organization that exists to help low-income individuals and families manage short-term financial needs in order to achieve and maintain household stability.  Made possible by The Library Foundation with a grant from the FINRA Investor Education Foundation through Smart Investing @ your library ®, a partnership with the American Library Association


 

Money Smart Week, April 5 - 12,  is a national public awareness campaign designed to help consumers better manage their personal finances.  Libraries and other organizations across the country use this time to stress the importance of financial literacy, and inform consumers about where they can get help. 

To celebrate Money Smart Week (and beyond!), we will release a series of five short videos called Money Tip$ over the next several weeks.  The videos in this series are designed to provide quick tips for money-related topics such as credit, budgeting, saving, and setting SMART goals for managing your money.  With tax season in full bloom, the first installment outlines several ways to make the most of tax time.  This brief video will offer reminders about important tax credits, free tax preparation assistance, along with several ideas for using your income tax refund strategically to benefit you in the long run.  


The Money Tip$ video series was produced by Multnomah County Library in collaboration with Innovative Changes, a Portland non-profit organization that exists to help low-income individuals, families and others, manage short-term financial needs in order to achieve and maintain household stability.  Made possible by The Library Foundation with a grant from the FINRA Investor Education Foundation through Smart Investing @ your library ®, a partnership with the American Library Association


 

What is my car worth now if I want to sell it?

I want to buy a used pickup truck. How can I find out what a fair price is?

What is the safest car for my teen to drive?

 

All of these questions and more can be answered with these online resources:

  • The Kelley Blue Book Online gives you timely and accurate prices on new and used cOld Red Truckars based on geography and condition. For most vehicles you can get a good idea of prices for buying a new or used car from a dealer or private seller and also what you can expect to sell one for to a dealer or private buyer.
  • The Car and Driver buyers' guide covers automobiles manufactured in the last two years and can be searched by manufacturer, vehicle type, price range and more.
  • Click and Clack, the comedic brothers from Car Talk, use down-to-earth humor to give you actual car information on buying, selling, and owning a car.
  • CarInfo features car information provided by consumer advocate & auto expert Mark Eskeldson. It includes car buying and leasing secrets, as well as information on used cars, car loans, and insurance.
  • Edmunds Automobile Buyer's Guide has used car prices back to 2000, safety information, and updates on new vehicles.
  • The US EPA Fuel Economy website allows you to compare gas mileage (MPG), greenhouse gas emissions, air pollution ratings, and safety information for new and used cars and trucks. There are also gas mileage tips, a page to search for the cheapest gas in your area, and a page of links to other sites about automobiles, safety, and the environment.
  • The Insurance Institute for Highway Safety/Highway Loss Data Institute provides accident facts, results of crash tests, child safety and teen driving brochures, and news releases about safety for cars, drivers, and pedestrians.
  • The National Highway Traffic Safety Administration maintains a website dedicated to safety. This resource has  information about recalls, crash tests, car seats, drunk driving, and pedestrian safety.
 

In addition to these online resources, the library also has the most current NADA Guides and Kelley Blue Book Guides in print at the information desk in each library location.  The Science and Business Desk at the Central Library even has the Kelley Blue Book guides going back to 1999 so you can see what your vehicle was worth in years past.

For a round up of car repair resources available at your library, see the blog post: Get Your Motor Running: This car isn’t going to fix itself.

Buying or selling an automobile can be a complicated process!  If you do not see the resource you need here to answer your questions, please Ask a Librarian.  We will help you connect to the information you seek!  

 

 

The Patient Protection and Affordable Care Act (aka Obamacare, aka the Affordable Care Act) was passed into law in 2010, Photo of a stethoscopebut the reforms that it requires are spread out over time. You can get all sorts of information about the law on a federal level, including the full-text of it, at www.healthcare.gov, a website created by the United States Department of Health & Human Services.

A major aspect of the law that will go into effect soon is the creation of Health Insurance Marketplaces in each state. These marketplaces will provide information on insurance plans for consumers to compare, with costs laid out up-front. According to the U.S. Dept. of Health & Human Srvcs., “most people will be able to get a break on costs through the Marketplace.” Information about coverage and enrollment in health insurance through these marketplaces is required to be provided beginning in October 2013. Coverage will start in January 2014.

The marketplace for Oregon will be called Cover Oregon. Visit their website to learn about the marketplace, sign up for email updates, and use a calculator to estimate if you will qualify for financial assistance. There is also a frequently-asked-question section with answers to many questions that you might have about the program.

There are also several other health care programs that already exist and provide assistance to individuals who qualify: the Oregon Health Plan and the Healthy Kids programs are both administered by the Oregon Health Authority. The Oregon Prescription Drug Program is a program to help uninsured or underinsured Oregonian get access to discounted prescription medicine. A good way to find more assistance programs is to call 2-1-1, a statewide, free referral service.

At the end of this post is a list of books that explore the history and debates around health care in the United States. If you still have any questions about health care, remember that you can always ask a librarian! We are here to help you find the answers that YOU need.

Update, 7/28/13:

You may have seen ads on Trimet buses around town, advertising health coverage from “Oregon’s Health CO-OP”. This is not the same thing as Cover Oregon. The Oregon’s Health CO-OP is going to be a new nonprofit health insurance provider which will begin enrolling customers on October 1, 2013, and will begin providing health insurance coverage on January 1, 2014. Funding for new, consumer-owned (co-op) health insurance providers is part of the Affordable Care Act - each state was originally required to have one of these nonprofit providers (although this requirement has since been removed), but Oregon is going to have two of them! The Oregon’s Health CO-OP and another co-op called Health Republic were both approved by Cover Oregon and will be offered along with other health insurance providers in the new Cover Oregon marketplace.

You can read more about these co-ops in this 5/13/13 article from Oregon Live: “Oregon upstart health co-ops to challenge mainstream insurers”.

Flowers are blossoming and so are the possibilities for learning about how to manage your finances. April is National Financial Literacy month, and there are all sorts of ways that you can celebrate!

Come to the library and attend a program on topics like budgeting for specific goals, teaching your kids about money, talking about money with family members, or tackling student loans.

Portland Community College is hosting a Dollars and $ense Expo at the Cascade and Southeast Center campuses on April 16th and 17th. Topics covered will include community-based resources, avoiding scams, transferring funds as an international student, managing your budget, and helping to lower the cost of higher education.

Innovative Changes, a local nonprofit, is offering a Financial Empowerment Clinic focusing on debt and credit building on Saturday April 20th from 10am-3pm at their office in the Lloyd Center Mall, Suite 2010. Workshops include building credit, raising a “money smart” kid, proposed debt collection reform, unfair debt practices, and student debt. Budget doctors will be on-call for diagnoses and the Multnomah County mobile library will be there with books on budgeting and debt. There will also be hourly raffles for local business gift certificates. For more info about this clinic, call 503-249-5205.

If you’re not able to come to an event in person, you can also find ways to get involved online!

  • Try the 52-week Money Challenge. It’s very straightforward and if you complete all 52 weeks, you’ll have saved over $1,300!

And any time of the year is, of course, a good time to check out a library book. We’ve got books on all sorts of topics for learning about your money:

It’s a new year - have you checked your credit reports lately? There are three nationwide consumer credit agencies (Equifax, Experian, and TransUnion) and together they maintain the official website AnnualCreditReport.com which lets you check your credit report (or “credit file disclosure”) for all of these agencies at one time, once every 12 months.

For more information and motivation, take a look at this credit score action plan from the FINRA Investor Education Foundation.

(Keep in mind that your credit report is different from your credit score, which is a number assigned by a credit agency. The Federal Reserve has a webpage which explains the difference.)

Once you’ve learned your credit situation, the library has lots of books which can help you control and repair your credit and debt - below are just some of them. There are also a number of nonprofit agencies who provide free debt counseling:

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