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New Mexico State University

New Mexico State University

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NMSU Extension to host financial management workshop for women

ALBUQUERQUE, N.M. - Financial management skills are necessary to have in the best of times; they are crucial during periods of economic uncertainty like the present - and they are especially crucial for women.

Women in New Mexico earn 81 percent of what men earn, according to the U.S. Bureau of Labor Statistics. Fewer women have jobs with pension plans - 33 percent compared to 55 percent of men. Women live an average of seven years longer than men. Two-thirds of Americans over 55 living in poverty are women. Of the elderly poor, 75 percent are women, and of those, 80 percent were not poor before they were widowed.

To help women manage their finances better, New Mexico State University Cooperative Extension Service in the Albuquerque Metroplex is offering "Financial Management for Women" on Saturday, April 28, at the Bernalillo County Extension 4-H Center, 1510 Menaul NW, Albuquerque. The free workshop will be from 9 a.m.-noon.

"With our country's unstable economy, record unemployment, rising food prices and soaring gas prices, many, particularly women, are living in financial fear," said Laura Bittner, Valencia County Extension home economist.

"With an understanding and conscious practice of effective family resource management, a person can alleviate the pressures and fear of what they can't control, and empower and increase security in their knowledge of what they can control," Bittner said.

The seminar will focus on basic money management tools, such as determining and setting a family budget, simple ways of cutting expenses in the home, affordable gifts, and ideas for stretching food dollars.

NMSU Extension home economists Cindy Davies from Bernalillo County, Nicole Lujan from Sandoval County and Corina Chavez-Neish of Torrance County will join Bittner in presenting the program.

"Although managing a family's limited income can be a challenge, it is definitely do-able," Bittner said.

Space is limited for the workshop, so Bittner and Davies are asking people to reserve their spot by Monday, April 23. To register, call 505-243-1386 or 505-565-3002.