How Money Smart are you?


money smark middle schoolersAre you joining the fun Monday at the Money Smart Middle Schoolers’ event?  Did you know we have a Money Smart Hot Topic? That’s right! It’s full of information on money management and it has a fun page just for students. Play the games and take the quizzes to see just how Money Smart you are!

Top Websites – Cultures, Money & Children’s Books


  • Native Planet
    Source: NativePlanet.org 

    “The ancient cultures of native peoples, threatened by modern assimilation, are the only known, proven time-tested models for the sustainable consumption of the Earth’s threatened natural resources.” (NATIVE PLANET) Explore the fascinating world of indigenous peoples and their unique cultures while learning about the importance of preserving their way of life.

  • Your Life, Your Money
    Organization: Public Broadcasting Service (PBS) 

    “Your Life, Your Money features compelling, real-life stories of young people facing and overcoming intense economic challenges. This one-hour special will empower our youth with sound, simple financial advice–raising awareness on banking, credit, investments, budgeting, insurance, self-employment, and more.” (PUBLIC BROADCASTING SERVICE) This web site offers financial advice to young adults.

  • Children’s Book a Day Almanac
    Organization: Roaring Brook Press 

    “Discover the stories behind the children’s book classics and the new books on their way to becoming classics. The Children’s Book-a-Day Almanac is a daily love letter to a book or author. Here you will find events, trivia, and celebrations for every day of the year, as well as a featured children’s book to explore in more depth.” (CHILDREN’S BOOK A DAY ALMANAC) “While the Children’s Book-a-Day Almanac includes books for toddlers to teens, it’s also organized by age, genre, and theme so that you can find recommendations for the young readers in your life.”

Morningstar Personal Finance Guide


Get the newest personal finance guide, “Find Your Money Baseline” from Morningstar.  This booklet includes content and worksheets taken from Morningstar’s newest book, 30-Minute Money Solutions, written by Director of Personal Finance, Christine Benz. Topics covered include how to determine your net worth, see where your money goes, set financial goals, and create a budget.

Also, Morningstar Research Center will soon have some new and exciting enhancements.  They will be adding more market commentary, comparison tools, and calculators to the database.  They hope to roll these out in the next few weeks.

Lastly, we have two virtual training sessions scheduled in April.  Regular monthly training is on Thursday, April 1st at 11am Central Time and a later session is scheduled for Thursday, April 29th at 6pm Central Time.  Patrons, staff, and students are welcome to both sessions.  To register send an email to librarytraining@morningstar.com.

Economic Resources to help during tough times


Looking for information on foreclosures?  Need help finding a job?  We have put together an InfoGuide with local and national information for these tough economic times – Economic Resources. Here you will find the latest news on foreclosures, resources to help you find a job, and local social services to help you.  There is also a special section for Seniors who may need help as well.

Money Supply


 

Is it possible to have too much money? As individuals, there may be risks to having more money than we are used to spending (a problem few of us have right now), but in reality, the risks of having too much money are much higher for an economy as a whole. 

 

Recently, a friend asked me, “Why can’t the government just print more money to get the economy back on track?”  This is a very complicated question, though the short answer is that just “printing money” could lead to hyperinflation. 

 

The most recent example of hyperinflation comes from Zimbabwe.  Last year inflation peaked in Zimbabwe at 6.5 quindecillion novemdecillion percent per year!  Honestly, I didn’t make that number up.  (See source below.) This means prices doubled, on average, every single day.  I won’t give more of an explanation here of why the government can’t just print money.

 

The library does have a number of sources, though, that address these issues. The way I recommend searching this topic is to use the Catalog Plus link on the library homepage. This allows you to search for books and to search the databases at the same time. 

 

Ø     Hint:  Check the boxes for Magazines and Journal Articles and for Business and Investing.  

 

Ø     Keyword search—money supply AND economics.  (This search returns 6 items in the library catalog and literally thousands of articles from our databases.)

 

Ø     Adding hyperinflation as an additional keyword reduces the results to about 100 articles. 

 

Source:  Hanke, S. (2008, December 22). THE PRINTING PRESS. Forbes, p. 106.