Extension to Families page Hyperlink to ISU Extension to Families Hyperlink to Families Extension Staff Hyperlink to Success Stories Hyperlink to Who Should I Contact? Hyperlink to Find It Hyperlink to For Staff

Annie’s Project Participants Learn about Family Money Issues

Situation:
Many women are the principal operator or an involved business partner of family farm businesses in Iowa. These women seek to understand modern farm business practices and gain competence in making critical farm decisions. Often these women have off farm employment that generates income and benefits while also bringing challenges to the management of family resources. Understanding and managing family finances is an integral part of managing the farm business.

Response:
Annie’s project is a 6 session program targeted to farm women that addresses farm and family money issues including recordkeeping, production, marketing, risk management, legal topics, technology, and human resources. The program includes resource speakers from the farm business community, computer lab work, discussion, and print resources. Family money issues are presented by an Extension Family Resource Management Specialist and include information on recordkeeping, spending plans, net worth, credit, insurance, privacy, goal setting, communication, saving and investing, and retirement planning.

Impact:
Three Annie’s Project programs were held in SW Iowa between February 2005 and March 2006 in the communities of Harlan, Red Oak, and Shenandoah with the classes filled to maximum with 25 participants each. The “Managing Family Finances” session was presented at each program with evaluation data collected from 22 participants at the Shenandoah program on March 2, 2006.

Responses to “Something new I learned tonight” included:

- The calendar for tracking expenses
- Different methods to keep track of monthly expenses
- Time value of money/start saving early
- Credit reporting and credit scores, what affects them
- I can play a greater roll in the record keeping
- Information on IRA’s
- We’ve not put enough money back into savings

Responses to “As a result of the information shared, I plan to” included:

- Share financial information with my children/family in case something happens to me
- Get an expenses calendar going
- Talk to my son before the wedding to get a plan in place
- Document inventory—finances and household—do Getting Organized book
- Encourage my children to start saving early
- Get a copy of my credit report/score
- Call and stop the credit card offers
- Set up a college account for my kids (College Savings Iowa)

Contact:
Mary Beth Kaufman
ISU Extension Family Resource Mgt. Specialist
906 6th Street, Harlan, Iowa 51537
Phone 712-755-3104
E-mail mbkaufma@iastate.edu

..........more stories....................!

Hyperlink to ISU Extension Calendar Hyperlink to ISU Extension Publications Hyperlink to ISU Extension Hyperlink to College of Human Sciences Hyperlink to Iowa State University Hyperlink to ISU Extension Calendar Hyperlink to ISU Extension Publications Hyperlink to ISU Extension Hyperlink to College of Human Sciences Hyperlink to Iowa State University Hyperlink to ISU Extension Calendar Hyperlink to ISU Extension Publications Hyperlink to ISU Extension Hyperlink to College of Human Sciences Hyperlink to Iowa State University Hyperlink to ISU Extension Calendar Hyperlink to ISU Extension Publications Hyperlink to ISU Extension Hyperlink to College of Human Sciences Hyperlink to Iowa State University Hyperlink to ISU Extension Calendar Hyperlink to ISU Extension Publications Hyperlink to ISU Extension Hyperlink to College of Human Sciences Hyperlink to Iowa State University

Last update: June 21, 2006  
Non-Discrimination Statement and Information Disclosures

Hyperlink to Iowa State University Hyperlink to College of Family and Consumer Sciences Hyperlink to ISU Extension Hyperlink to ISU Extension Publications Hyperlink to ISU Extension Calendar