Financial Planning Expo to Come to Duluth This Weekend

By KBJR News 1

November 5, 2012 Updated Nov 5, 2012 at 8:53 AM CDT

Whether you've lost hours, lost your job, or you're just burdened by the rising cost of living, the economy is still affecting all of us. And if it has taught us anything, it is the importance of having our financial house in order.

Getting that order is being made easier this weekend through a free community event called the Empower Expo.

Often a hushed whisper at the dinner table, or a secret stuffed away in a closet, finances are all too often hidden, or ignored until it's too late.

"It is something that we have got to bring out of the closet. We have to talk about it. We have to know about it, and we have to provide that platform because it is not being done at any level of education," says one of the event organizers, Sarah Priest of Community Action Duluth.

"There's a lot of people that we see, that come in who have never learned how to do basic finance. They don't learn it in school. It's not taught in school; it's not mandated in the state of Minnesota," says Linnea Stephan of Lutheran Social Service.

That's why on Saturday, November 10th, multiple organizations--along with the city of Duluth--are coming together to hold a financial planning conference called the "Empower Expo" at Lake Superior College in Duluth.

"We are hoping that people come in and talk to us, and make a long term plan for their finances in a variety of difference areas," says Stephan.

One-on-one meetings and group seminars will cover everything from housing, to college financing, to asset and retirement planning.
Even flood recovery tools will be available.

"There will be at least two individuals there to counsel people about opportunities. There is some loans available, there's some resources, volunteer efforts, so rather than do a workshop, we'll be talking to people individually," says Priest.

And the advice comes free to everyone.

"People that are coming out of debt, people that are buying homes, people that are looking at going to college, or looking at retirement, people who are just looking to plan for their financial future, this is a great event for them to come to," says Stepha.

Registration for Saturday's event opens at 8 a.m. Sessions will start at 9 a.m. and everything will wrap up around 1 p.m.

For more information, call Lutheran Social Service at 888.577.2227