Problem:
Hispanic people often have problems writing a check and using credit cards appropriately. They may find they are short of money, and are working many hours outside of the home with no time left to organize papers or bills. In addition, they may struggle with obesity as a consequence of fast food and lack of proper nutrition.

Response:
Iowa State University Extension in Woodbury County offered a program in Spanish called Living Smart. It was a 2- hour program for 4 weeks; families learned how to write a check, the importance of talking about finances in families, setting a financial goal, and making a debt payment plan. Families practiced tracking their money with an income worksheet and a spending worksheet. Families learned about credit cards and how to decide which creditors to pay first. One class was on nutrition and focused on food for children, how to have a balance diet with healthy foods and exercise. Five families participated in this program.

Impact:
All of the families where surprised by how much they spend on coffee, drinks, cookies and high interest rates on credit cards. They made the decision to reduce spending on things they wanted but don’t need. They realized that it is important to start cutting debt and communicating as a family about money issues.

Contact:
Nancy Nicho – Field Specialist/Families
Iowa State University, Woodbury County
4301 Sergeant Road, Suite 213
Sioux City, Iowa 51106
Phone 712-276-2157
E-mail nicho@iastate.edu