Financial Wellness Advice From The Experts

By KBJR News 1

November 10, 2012 Updated Nov 10, 2012 at 8:24 PM CDT

Duluth, MN (Northland's Newscenter) - In recent years, financial strains continue to be a hot topic.

On Saturday, financial experts met with those who need just a little help to get back on track with money management.

Bad credit, investment mistakes, and increasing debt.
It happens.

The first ever financial wellness seminar at the Lake Superior College is held to help those wanting to improve their financial future.

"People are wondering what to do. Sometimes they are wondering about is there investment safe. Whether it's their home, or their retirement savings, or how do I get started with retirement," Sarah Preist, with Community Action Duluth, said.

A group of local non–profit agencies partnered with the college and put together Empower, an expo to assist with money management.

Local financial advisors, certified public accountants, and power of attorney specialists were among the professionals involved.

Flood relief case workers were also available.

"Who have been meeting with people, who are still struggling with the aftermath of what's happened to them with the flood," Linnea Stephen, with Lutheran Social Services, said.

All of this at no cost to community members.

If you've shied away from talking to a specialist about your money, at Empower you are able to remain anonymous.

"It's very personal. It's very scary and it's very hard for people to talk about that," Becky Brenna, an Empower Expo volunteer, said.

Becky Brenna says the event is a one–stop–shop.

"Where you can talk about budgeting, where you can talk about savings, where you can talk about maybe going back to college and just getting some basic information," Brenna said.

"Folks here I'm guessing as young as 16 and as old as 70 or 80," Priest said.

Officials say they are already planning the spring event.

"It has been fantastic. We had a lot of people come through and the comments we've heard are great. I asked one person, has this been helpful for you today?" Stephen said, "She hesitated for a minute, and then she said, I thought I would come here and learn a few things. I learned a whole lot more."

With today's success, Empower expo officials expect the event will take place twice each year.

If you missed the event Saturday, officials welcome you to send them a message by searching Empower Expo on Facebook or click here: http://on.fb.me/UuvVby

Justin Reis, NNC.