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Lake County Cooperative Extension to present programs to help college-bound students manage finances

RELEASE DATE: March 27, 2009

TAVARES — The Lake County Cooperative Extension is offering two free programs titled “Money Management for College Freshmen” from 6:30 to 8:30 p.m. on Tuesday, April 7, and Thursday, April 30, at the Lake County Agricultural Center, located at 1951 Woodlea Road in Tavares.

“Money Management for College Freshman” will help students better understand how to organize their finances and provide tools for success when leaving home for the first time. Information provided at the program includes how to control expenses and spending, create a budget, avoid identity theft and how to use credit wisely.

“Students will learn to take charge of their financial future and build a base for a lifetime of sound financial management,” said Julie England, a Lake County extension agent Lake County Extension who will present the two programs.

According to a Key Bank and Harris Interactive Survey, almost three-quarters of college freshman admit having made mistakes with their money when they arrived on campus. The biggest mistakes included over-spending on food and entertainment as well as putting too many purchases on credit cards. A 2007 Charles Schwab survey on teens and money reported that only 45 percent of teens know how to use a credit card, while just 26 percent understood credit-card interest and fees.

Pre-registration is required for both programs. Students are encouraged to bring a parent or guardian. To register for the programs, call Rene Bass at (352) 343-4101 or e-mail rcbass@ufl.edu.

The Lake County Cooperative Extension is a partnership between the University of Florida, Institute of Food and Agriculture Sciences, and the Lake County Board of County Commissioners. The Institute of Food and Agricultural Sciences (IFAS) is an Equal Opportunity Institution authorized to provide research, educational information, and other services only to individuals and institutions that function without discrimination with respect to race, creed, color, religion, age, disability, sex, sexual orientation, marital status, national origin, political opinions or affiliations.


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