Purdue leads America Saves Week in Indiana

February 26, 2013  

WEST LAFAYETTE, Ind. - Purdue University has launched online and social media outlets that provide customized feedback to help users eradicate debt, save for a goal or just use their money more wisely.

The thrifty thrust originated from a Purdue Extension specialist in the Department of Consumer Science and corresponds with America Saves Week (Feb 25-29), a nonprofit effort that encourages and equips Americans to improve their monetary savings, which rates among the worst in the world.

"In an era in which the economy and the job market are tight, a lack of savings can quickly devastate an individual or family," said David Evans, coordinator for the Indiana Saves project at Purdue. "Inflation or job loss is even more damaging to the all-too-typical consumer who is already buried under thousands of dollars of often high-interest debt."

Visitors to the Indiana Saves website, at http://www.indianasaves.org, can register for a free monthly newsletter filled with savings advice. Electronic pep talks are also distributed on a monthly basis through the America Saves E-Wealth Coach Series. Site users can state their desired goals, such as "Eliminate $12,000 in consumer debt," "Save $500,000 for retirement" or "Be able to afford groceries on a weekly basis." That input can help customize the feedback users receive. Every enrolled participant receives a personalized email from a local educator who can point them to classes and seminars being offered in their community.

Evans, an Accredited Financial Counselor who develops curriculum distributed through Purdue's 92 Indiana Extension offices, has also launched a Facebook page, "Purdue Money Makers All," that gives regular financial advice to "friends." Those who follow the related #moneymakersall on Twitter can get up to three tips per day delivered to their mobile device.

Writer: Jim Schenke, 765-494-6262, jschenke@purdue.edu

Source: David Evans, 765-494-3596, daevans@purdue.edu

Related website:
Purdue Department of Consumer Science

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