Our guest blogger today is Margaret Nelson, Executive Director of The River Center. The Library is very excited to be collaborating with The River Center and People’s United Bank on programming for April’s Money Smart Week which will run from April 22nd – 29th.
As tax season winds down here at The River Center, I want to talk about money. Once again, our volunteer tax preparers have been very busy with our free tax preparation program. Each year more than one million dollars in refunds and tax credits have been brought back into the pockets of households in our community through this program. The average household income is $23,000 for those that benefit from this free program.
If you live on an income of $23,000, you may have felt a sense of overwhelming despair when you think about your money situation. You work hard each week, collect your paycheck, and then you sit down to pay your bills. Aaargh! Once again, there is not enough money to pay them all. Which bills do you pay first? Who screams loudest? You still need to buy groceries and gas to get to work. Yikes!
Or, maybe you are able to pay your monthly bills but just barely. There is no wiggle room for disasters- or even little hick-ups in life. You get a flat tire and need to replace one tire- and it has to go on the credit card. Your child breaks their leg and you have deductibles to meet. Aunt Sophie comes to visit from California and you want to take her to Portsmouth for a seafood dinner- and it all goes on the credit card. Unexpected expenses put you in debt.
Every one of us knows someone who is under an incredible weight of student debt. This can be overwhelming and makes it difficult to purchase a home, a car, pay for a wedding or even start a family.
Financial worries take a toll on our mental health and well-being. We get tired more easily and we are discouraged. Many of us will try to make ourselves feel better by doing some shopping therapy- ouch! More debt on our credit card. A vicious cycle has begun.
If any of this sounds familiar, listen up! Help is available at The River Center. Every Wednesday from 12:30-2:00 a volunteer money coach is available to meet with you to help you make sense of your money issues. If that time does not work for you, arrangements can be made to meet at another time.
Don’t lose sleep again about your finances. Do something about it. Call us at 924-6800 or show up at The River Center on Wednesdays between 12:30-2:00. We are located at 9 Vose Farm Rd. in Peterborough.
Margaret Nelson, Executive Director
The River Center: Family and Community Resource Center
Join us for our Money Smart Week programming!
All programs are free and open to the public.
Pay Yourself First
Monday, April 24th -6:30pm at the Peterborough Town Library.
Money Smart for Older Adults: Prevent Financial Exploitation –
Wednesday, April 26th – 3pm at the Peterborough Town Library
Piggy Banks and Shredded Money! Big Kid Storytime Explores Money: How to Make and Save It!
Friday, April 28th – 4pm at the Peterborough Town Library