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MICHIGAN MONEY SMART WEEK FACTS Money Smart Week (MSW) is a series of free classes and activities designed to help consumers better manage their personal finances. The Detroit Branch of the Federal Reserve Bank of Chicago, along with more than 125 local organizations, will hold the sixth annual Money Smart Week April 18–25, 2009. The week-long series of classes heighten awareness to the importance of financial literacy and provides financial educational programming to the public free of charge throughout the state of Michigan. Money Smart Week began in Chicago as a coordinated effort of the Money Smart Advisory Council. In Michigan, Exchange City and Chrysler Financial are members. The Advisory Council is a diverse group of more than 40 Michigan area organizations working together to promote personal financial literacy. Michael Moskow, who was Chicago Fed president at that time, convened the Chicago Council's first meeting in July 2001, during which members agreed to share resources and ideas to achieve greater public awareness of the programs and services available in the city of Chicago. Michigan has followed Chicago’s lead and done the same. The result was Money Smart Week 2002 — six days of focused presentations by community groups, financial institutions, government agencies, educational organizations, and financial experts, all designed to help consumers learn to better manage their personal finances. The effort would showcase different programs, help consumers get information, bring together different organizations — many for the first time — and help these organizations share expertise and leverage limited resources. Today, Money Smart Week is much broader in scope and continues to expand, creating new partnerships, heightened exposure, and substantive events.
The Money Smart Week model has
grown beyond Chicago with successful campaigns taking place in all five states
within the Seventh District (Illinois, Indiana, Iowa, Michigan, and Wisconsin)
and new cities joining every year. The 2009 State Farm Family Fun Nite
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.29350 Southfield Road, Suite 122
.Southfield, MI 48076 .Office
313-570-7601 . Fax: 248-336-7738
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