Press Releases

Birmingham City Councilor Marcus Lundy Encouraging the Public to Take Part in 2015 Alabama Money Expo

PRESS RELEASE                                                                                          Friday, March 6, 2015

Contact: Chiara Morrow

Phone: 205-908-7392

chiara.morrow@birminghamal.gov

BIRMINGHAM, AL– Building wealth in communities is a cornerstone for change and progress in our ever-growing economy. Councilor Marcus Lundy, Jr. is an advocate for educating citizens, especially the younger generation on the value of money as an essential tool. On Saturday, March 7, 2015, he will join financial experts Steward H. Welch, Managing Director of The Welch Group and Melvin Carrington Smith, Sr., Private Wealth Advisor at First Financial Group of the South as they co-chair “Follow Your Money” Financial Education Outreach 2015 Alabama Money Expo from 9 a.m. to 3 p.m. at Carver High School.

“I am a firm believer that we have to drill education about wealth into the hearts and minds of constituents of all ages,” Councilor Lundy said. “There are so many misconceptions about acquiring and attaining money and wealth that can ultimately lead to a mindset of poverty. We all have to make it our responsibility to help transform mindsets by educating ourselves.”

According to midyear 2014 statistics research completed by Statistic Brain, teens in the United States account for over $258 billion in spending. While only 38 percent of teenagers said they were currently saving. Councilor Lundy adds that it’s important for youth to learn at a young age the value of saving.

The Alabama Money Expo will feature a variety of workshops and activities for youth and young adults as they engage in interactive simulations that enhance their personal knowledge of spending and saving, growing their finances and life skills. Free workshops and credit reports along with expert advice about how to utilize full buying power and invest responsibly will also be provided.

All citizens are welcome to attend this FREE event and schedule private one-on-one meetings (financial planning, credit counseling, homebuyer education, foreclosure prevention) with highly qualified Consumer Credit Counseling and Certified financial planner professionals representing national and local banks, credit unions and other community organizations.

For more information on the Financial Education Outreach please contact 205.419.7085 or www.ALMoneyExpo.com. For media inquiries please contact Birmingham City Council Public Information Officer Chiara Morrow at 205.908.7392 or chiara.morrow@birminghamal.gov.