Iowa State events will bring fun to finance

Where can a person get a free credit report? What’s an excellent credit score? How much money can a person can add to an IRA account each year?

Iowa State University students might want to brush up on the answers to these questions. If they can answer correctly, they might garner a free golf cart ride to class or a gift card to a local business.

Undergraduates majoring in financial counseling and planning at Iowa State will put on a series of promotional events over the next two weeks to celebrate National Financial Literacy Month.

The events, which will run April 13-24, are aimed at raising awareness about financial education classes offered on campus. Organizers are calling it “Making Cents Out of Dough.”

“We think this is a way to bring fun to finance,” said Alex Krumbholz, a junior majoring in financial counseling and planning. Krumbholz is organizing the upcoming events along with his classmate, Tiffany Miller.

One featured event will be a Cash Cart trivia game, in which a student-driven golf cart will supply rides across campus in the style of the Discovery Network show “Cash Cab.” There will also be a Wheel of Fortune game and a Dollar Bill Jump game, in which participants have to grab onto their toes and try to jump lengthwise over a dollar bill.

Krumbholz and Miller volunteered to organize the week’s events because they wanted to be more involved in their department. no matter what students do when they graduate, they’ll be handling finances — whether they want to start a business or a family, buy a house or open a retirement fund.

“It’s important for students be financially literate,” Miller said.

The financial counseling and planning major was recently revamped to offer a more hands-on and future-oriented financial education to Iowa State students.

Jeanna Nation, the faculty member in human development and family services who is overseeing the events, said she’d been wanting to get the word out about the redesigned courses and the benefits of a career in personal finance.

“It’s a very marketable field with a high growth rate,” she said. “There are a lot of opportunities in this career path.”

Nation finally received a grant this year that provided the resources to see the promotion through. She said if it’s successful, organizers are hoping to make it an annual event.

Making Cents Out of Dough event schedule

Dollar Bill Jump

  • Time: 11 a.m.-1 p.m., April 13-14
  • Location: Memorial Union next to the West Student Office Space

Wheel of Fortune

  • Time: 11 a.m.-1 p.m., April 15-16
  • Location: Memorial Union next to the West Student Office Space

Cash Cart

  • Time: Mid-day, April 23-24
  • Location: Central campus