AFCPE Newsletter. Volume 14, Number 1, January 1997
Table of Contents
First AFCPE Fellows named
Welfare Reform: Are We Ready for the
Changes?
DoD (Department of Defense) Personal
Financial Management Task Force
How Do We Educate Consumers
Help Make Employer Education on
Financial Wellness A Reality
1997 Annual Conference, San Diego,
CA Dec. 17-20, San Diego changed date
Future Annual Conference Dates: input wanted
Help Wanted – Committee Chair
Universities Recommended for
Registration
Institute for Personal Finance (IPF)
Author’s Corner
Book Review
Resources
Updates
Job Opportunities
Study Opportunity
Bulletin Board
Annual Conference: Call for Papers, Posters, Presentations
Resources
Contacts
Welfare Reform: Are We Ready
for the Changes?
Judith R. Urich, Ph.D., CFP , University of Arkansas
The Personal Responsibility
and Work Opportunity Reconciliation Act of 1996 (P.L. 104-193)
was signed by President Clinton,
August 22, 1996. A summary of
parts of the law that may impact
financial counseling and planning
education programs follows.
Each state writes its own
program within the checks and
balances of the new welfare
reform law.
By July 1, 1997, the governors
of all states will submit a plan for
spending. Some states have
already implemented approved
plans. States can raise additional
funds for programs but the state’s
federal expenditures for FY 1997
cannot exceed its block grant
allocation. TANF (Temporary
Assistance to Needy Families),
pronounced tan’if, is in; AFDC
(Aid to Families With Dependent
Children) is out
No longer is an individual
entitled to receive federal cash
assistance or benefits just because
they qualify for a specific
program. Instead states receive a
capped or set dollar amount as a
block grant. The TANF block
grant will be used as each state
determines for the following
programs — AFDC payments and
administration, emergency
assistance, Job Opportunities and
Basic Skills (JOBS) program.
Five-year time limit.
TANF funds cannot be used
for any family with an adult who
has received assistance for more
than any (not necessarily
consecutive) 60 months. Up to 20
percent of the caseload could be
exempted from the lifetime limit
for hardship.
Other sources of funds
Additional funds are available
for high population increases,
higher than average
unemployment, high performance
states, e.g., the five states with the
best record in reducing out-of
wedlock births coupled with a
lower abortion rate. States may
reserve funds to provide assistance
in future years. This provides a
cushion to fund increased services
during periods of high
unemployment. There are no
automatic funds increases for
inflation or economic recessions.
Work requirements
After 24 months on assistance,
an adult must be in a work
program for 20 required hours of
work per week for FY97-98, 25
hours in FY99, 30 hours in
FY2000. Single custodial parents
with children under 6 years must
work 20 hours per week, unless
states choose to exempt single
parents with children under 12
months. For FY97, 25 percent of
all TANF families must be in a
work participation program.
Work activities qualifying for
work participation
Subsidized and unsubsidized
employment, vocational training
(limited to no more than 20% of
clients and not longer that 12
months), job search and job
readiness (limited to 6 weeks with
no more than 4 weeks
consecutive), on the job training,
community service, job skills
training directly related to
employment.
Teen parents
Teen parents must live at home
or in supervised arrangements.
States can option to deny
assistance to an unmarried teen
parent and to children born to
parents currently on welfare.
Sanctions for non-compliance
individuals.
Parents must establish
paternity, comply with work
requirements or show good cause
such as no available child care.
Keep in mind, the state will pay
for child care. For failure to
comply, parent(s) lose their
portion (not the child’s portion) of
the welfare check and their
Medicaid card. Clients must
continue to be counted in work
participation rates. Keep in mind
states are penalized when
insufficient clients are not in work
participation.
Child care
Additional funds are available
for child care. Some funds can be
used for activities to improve the
quality and availability of care
including activities designed to
provide comprehensive consumer
education to parents and the
public; activites that increase
parental choice; and resource and
referral services.
Child support enforcement
The paternity establishment
percentage will increase from 75%
to 90% or at the rate of two
percentage points a year. The goal
is for states to have an automated
centralized collection system of
information about paternity plus
automated state directories of new
hires, expansion of income
withholding requirements (garnish
the child support payments from
each payroll check). Locator
information networks such as law
enforcement, use of social security
numbers on licenses and other
government issued documents,
adoption of uniform state laws for
interstate cases, and expedited
paternity establishment. States
have numerous (aggressive)
options to obtain child support
monies. A Federal Locator
program will also be in place.
Supplemental Social Security
Income qualification
The new standard will eliminate
the comparable severity standard,
the individual functional
assessment, and references to
maladaptive behavior. On July 1,
1997, these individuals will lose
their benefits.
As debt loads and bankruptcy
cases among military members
continue to rise, and survey after
survey reveal finances are one of
the top concerns of junior enlisted
members, the Department of
Defense (DoD) identified the need
for a DoD-wide, comprehensive
personal financial management
program.
At the direction of the Deputy
Assistant Secretary of Defense
(Personnel Support, Families and
Education), a Personal Financial
Management Task Force was
established to target and educate
junior service members to prevent
financial management difficulties
before they start. Task force
participants include program
managers from each of the
services, the senior enlisted
member from each of the Services,
as well as representatives from the
Services’ Relief Societies.
The Task Force’s strategy,
according to chairperson, Ms. Iris
Bulls, is to develop a proactive,
targeted, preventive financial
education system accessible to all
members and their families. Their
recommended approach:
. Conduct state of the art research
on trends of the military
population and strategies to
intervene and prevent financial
debt.
. Develop multi-media personal
financial management learning
modules on such topics as
managing credit and debt,
consumer rip-offs, gambling,
projection of expenses changes as
family life status changes.
. Develop, coordinate and publish
a clear, uncomplicated Financial
Readiness Policy Directive.
. Establish mandatory continuous
and sequential personal financial
management training for all
members at critical life stages.
. Establish educational and
training requirements for personal
financial managers.
. Explore partnerships with the
senior NCO leadership, credit
unions, AAFES, Family Advocacy
, New Parent and Spouse
Employment and Relocation
programs to provide a preventive
safety net for junior members.
While this effort will not
eliminate the need for service-specific programs, it will serve to
strengthen and enhance individual
programs and ensure consistent
financial management services are
available throughout the military.
Debbie Vosburg, Air Force Aid Society,
Arlington, VA
We all know many consumers
are not taught how to handle
money and as a result, they have
difficulty managing their finances.
To provide consumers with the
basics of budgeting, the National
Foundation for Consumer Credit
(NFCC) developed a new
handbook, Smart Money
Management. The handbook
guidelines enables individuals to
examine how they manage money,
provides money management
guidelines, encourages the learner
to choose financial goals, teaches
how to track spending, and
subsequently develop a spending
plan.
To order a sample handbook,
write NFCC, Attn: AF, 8611
Second Avenue, Silver Spring,
MD 20910; FAX (301) 495-5623.
Each handbook is $2.50 plus
shipping and handling (S/H). For
orders up to 25 copies $7.50 for
S/H or $4.00 S/H for each 25
handbooks if you order 50 or
more.
Judith Cohart, National Foundation for
Consumer Credit
Help Make Employer
Education on Financial
Wellness A Reality
AFCPE members who want to
participate in a year-long media
campaign to publicize the high
cost of employers doing nothing
about their employees’ personal
financial difficulties should send
their names and addresses (e-mail,
if possible) to Tom Garman ((540)
231-6677 (voice);
Click here to email Tom, tgarman@vt.edu; Virginia Tech,
Wallace Hall 240, Blacksburg, VA
24061-0424.
Vital to the success of such an
effort is (1) the support of key
people in family financial
management who are able to speak
to the media and offer consulting
services to various employers, and
(2) identification of selected
employers who are already doing a
good job helping employees deal
with their personal finances.
AFCPE Business
1997 Annual Conference,
San Diego, CA -
December 10-13,
U.S. Grant Hotel
Re-Mark your calendars now for
the AFCPE Annual Conference,
Dec. 17-20 ( changed date) at the
U.S. Grant Hotel, San Diego, CA
.
The military plans a “military
summit” for December 8-9. Other
groups who want to hold a meeting
prior to the conference should
contact Ruth Helein,
Administrators, Inc. as soon as
possible. See following article.
San Diego promises to be an
ideal meeting spot with lovely
accommodations and meeting
rooms, shopping and restaurants
within walking distance, and free
shuttle service to many of San
Diego’s outstanding attractions.
We are making arrangements for
some evening group activities.
Connie Costello, Local
Arrangements Chair
(909) 787-5241, University of
California-Riverside.
Special Interest Groups
Meetings for Annual
Conference – Request
Now
Any special interest groups
within AFCPE may request time
prior to the Annual Conference.
Monday and Tuesday of
conference week is set aside for
this purpose; however, IPF
(Institute of Personal Finance)
review sessions also will be held
on Tuesday. Special interest
groups include constituencies
within AFCPE such as the
military or Cooperative Extension
that are nonprofit and not
entrepreneurial.
AFCPE will work with the
group to provide publicity,
registration, and hotel
arrangements. AFCPE will not be
responsible for planning the
program. Each interest group is
responsible for:
1. Planning their session,
2. Requesting time and space
within 14 days of receipt of
Newsletter,
3. Identifying a single contact person with the request,
4. Providing a program draft by May 1, 1997, and
5. Providing the final program
copy by September 1, 1997.
Make all arrangements with
Executive Director, Ruth Helein
at Administrators, Inc.
Connie Costello, Local Arrangements
Chair
Meetings for 1997 and 1998
have been scheduled for early
December. If this change in time
makes it difficult for you to attend,
it is important for you to let Board
members know. And, as we plan
ahead for 1999 and beyond, please
let Board members know what
time of the year would be best for
you.
Click here to email comments to Deanna Sharpe, cfedls@showme.missouri.edu, University of Missouri
Help Wanted!!!!!!!!!
Volunteer to chair the Student
Membership Committee.
Primary responsibilities for the
1997 chair will be to develop
policies and procedures for the
formation of student sections at
universities and colleges.
Interested parties should contact
Michael Rupured (502) 227-6175,
or Karen Varcoe (909) 787-5241.
Universities Recommended
for Registration
The Accreditation Committee
recommends the Board accept the
registration of the following
universities at their next regular
board meeting.
University of Kentucky – UGRM
Kansas State University – UGRM
Louisiana State University -
UGM&GD
Mount Saint Vincent University -
UGM&GD
Idaho State University on Finance
– PF
Northern Illinois University
Finances – PF
Previous university programs approved
AFCPE and the Institute
for Personal Finance (IPF)
One of AFCPE‘s objectives is to
promote the education and training
of professionals in financial
management. This objective is
accomplished through the
Institute for Personal Finance
(IPF), which is an educational
service of AFCPE. IPF
administers the Accredited
Financial Counselor (AFC) and
Certified Housing Counselor
(CHC) programs which are self-study curriculums designed to
enhance the skills of financial and
housing counselors.
There are currently more than
150 Accredited Financial
Counselors who have passed the
necessary examinations, signed a
code of ethics, and provided proof
of at least two years of financial
counseling experience and
professional competence. The
CHC program is newer and has
few graduates. However,
enrollment is rapidly growing.
Contact person, Ann Coulson,
IPF Director, P.O. Box 1253, Park
Ridge, IL 60068, 847-696-1222,
FAX: 847-696-1164
Ann Coulson, IPF Director
E. Thomas Garman &
Raymond E. Forgue (1996).
Personal Finance (Fifth
Edition). Houghton Mifflin
Company, New York. Revision of
popular, comprehensive college
textbook. Sections on financial
planning, managing money,
income and asset protection,
investment planning, retirement
and estate planning. Lifestyle case
studies using Quicken software,
financial math questions for each
chapter, decision-making
worksheets help the reader
understand the chapter’s concepts.
A good up-to-date comprehensive
textbook is welcome on any
counselor’s reference shelf. For
instructors, written and
computerized test bank, study
guide, color transparencies,
spreadsheet and Quicken
spreadsheet data are available.
Robin Leonard (1996).
Chapter 13 Bankruptcy: Repay
Your Debts (Second Edition).
Nolo Press, 959 Parker St.,
Berkeley, CA 94710. $29.95. Book
guides debtors through lesser-known bankruptcy process,
Chapter 13 bankruptcy, which lets
you keep property and manage
non-dischargeable debts. Chapter
13 may be the answer for those
overwhelmed by debt like taxes,
student loans or mortgage payments, which often cannot be
eliminated in a Chapter 7 bankruptcy. Book explains who should
consider Chapter 13, which debts
cannot be discharged under
Chapter 7, how to devise a
repayment plan, why it might be
smart to file for Chapter 13 after
filing for Chapter 7, and when to
get a lawyer, when to go it alone.
Includes updated information on
student loans, mortgage arrears,
state exemptions, all the forms and
instructions necessary for filing,
sample repayment plans and more.
Stephen Elias, Ablin Renauer
& Robin Leonard (1996). How
to File for Bankruptcy (6th
Edition). Nolo Press, 959 Parker
St., Berkeley, CA 94710. $29.95.
Updated edition of a popular book
on how to file for Chapter 7
bankruptcy. Step-by-step
instructions and forms for filing,
so already indebted consumers
can avoid the additional expense
of attorney’s fees. Shows how to
decide if bankruptcy is the right
step to take, fill out and file all
forms, cancel the largest possible
amount of debt, keep all the
property they are entitled to,
rebuild credit, and more.
Alwitt, L.F., & Donley, T.D.
(1996). The Low Income
Consumer: Adjusting the
Balance of Exchange. Thousand
Oaks (CA): Sage Publications.
$18.95 + $2 s/h. 192 pages. (805)
499-0721; info@sagepub.com
“Affluent consumers worry
about size, style, color, and flavor
when they shop. Poor consumers
worry about just obtaining the
basic necessities.” So begins this
fascinating look at limited-resource consumers as viewed
from a marketing perspective.
Chocked full of statistics, The
Low Income Consumer, is a user
friendly, must read for
practitioners teaching or
counseling low-income clients.
The introductory chapter
describes obstacles faced by the
target population, including high
check-cashing fees and the need to
pay for transportation to
supermarkets that charge fair
prices. Chapter 2 applies three
marketing concepts: marketing
exchange, segmentation, and
ethics. Marketing exchanges with
poor consumers differ from other
marketing exchanges, note the
authors. Low income households
have little of value to exchange
with markets and are thus, isolated
by their economic condition.
Market segmentation occurs when
product marketing varies with
different groups of consumers.
Cases of segmentation and
marketing ethics are cited.
Chapter 3 talks about the
calculation and use of poverty
thresholds. Because income serves
as a reasonable proxy for purchasing power, most thresholds are
based on income. Defining the
poor solely in terms of income is
misleading because it
underestimates the size and market
potential of poor customers. Tax
benefits and government transfers
alter purchasing power
substantially. To argue this point,
the authors note that in-kind
transfers from government (e.g.,
food stamps, school lunches,
housing subsidies, Medicaid)
added approximately $2,000 to the
annual purchasing power of
households living in poverty in
1992.
Chapter 4 describes poverty
trends and explains the crucial
differences between “the incidence
of poverty” and “the percentage of
the poverty population.” Reasons
for poverty are also explored. The
most common cause of poverty for
married couples with children is a
drop in earnings of the household
hdea. For female-headed
households, the major cause is a
change in family status.
Behavioral characteristics of poor
consumers, such as time
perceptions and eternal locus of
control, are explored.
Chapter 5 discusses
consumption by the poor. In low-income households, more than
two-thirds of the budget is spent
on nondiscretionary items, notably
food and housing. Usage of “sin”
products is discussed. Contrary to
popular stereotypes, poor people
do not spend disproportionately
more than others on alcohol or
gambling.
Chapter 6, “Financial
Management Money Saving
Techniques,” will be of interest to
AFCPE members. The overall
theme is that poor consumers act
rationally within their limited
means. Deregulation of financial
services in the 1980s has made
banking more expensive to
inconvenient for poor people. The
result: 44% of those with incomes
less than $5,000 do not use banks.
Check cashing outltets, the main
financial option open to poor
people, are described, as well as
commonly employed money-saving techniques.
Chapter 7 reviews marketing
communications methods used to
reach low income consumers.
They are 21% more likely than
average to be heavy television
viewers but less likely to be
reached by direct mail. Instances
of price discrimination (when the
same product is sold at more than
one price) are covered in
Chapter 8. The book concludes
with a discussion of needed
changes in business and public
attitudes and in government action
to improve the lives of poor
consumers.
Barbara O’Neill,Rutgers Cooperative
Extension (NJ)
Web Site for Financial
Management Information. For
resources related to family finance and
other family economics topics, see the
web page http://ehe.osu.edu/cts/osue/topic.htm
The web site is maintained by
Sherman Hanna, AFCPE Journal
Editor, E-mail: hanna.1@osu.edu
20 Ways You Lose Money on
Your Way to the Stock Market.
Scott S. Fraser (1996). 152p. $19.95.
Dearborn Financial Publishing, Inc.,
155 North Wacker Drive, Chicago, IL
60606-1719. The author, a former
stock broker, describes the downside
of investing including IPOs (Initial
Public Offerings), acting on advice
from cold callers, using margin
accounts, buying mutual funds, stock
splits, and letting others manage your
portfolio. Index.
How to Mediate Your Dispute.
Peter Lovenheim (1996). $18.95. Nolo
Press, 950 Parker St., Berkeley, CA
94710. Provides step-by-step guidance
on how to use mediation to resolve
even the most troublesome neighbor,
business and divorce disputes.
Mediation is used primarily in civil
disputes that could end up in court
such as those involving personal
injury, contracts, leases, employment
and divorce. Mediation saves time,
money, stress, and above all allows
you to get on with your life. Rather
than legal forms the author provides
questions to ask, how to prepare for
mediation, when to use legal advice,
what to expect and so on.
Mad at Your Lawyer? Tanya
Starnes (1996). $21.95. Nolo Press,
950 Parker St., Berkeley, CA 94710.
A recent Consumer Reports’ survey
found that 25 percent of all people
that retain lawyers are unhappy with
the service they provide. Author
outlines successful strategies for
dealing with common complaints
about lawyers including: charges,
missing important deadlines, settling a
case without permission, unethical
behavior, incompetence, dragging
their feet, refusing to pay a client her
settlement, and malpractice.
The Entrepreneur’s Complete
Sourcebook. Alexander Watson Hiam
& Karen Wise Olander (1996).
Prentice Hall, Career & Personal
Development, Englewood Cliffs, NJ
07632. $22.95. Comprehensive
treatment of the necessary steps to
successful entrepreneurship -
formation, startup, creating a business
plan, marketing and sales, etc. – with
an emphasis on developing the
necessary entrepreneurial spirit to tap
into growth potential, take full
advantage of networks and informal
contacts, suggestions for assessing
and reducing business risk. Sample
forms, templates. Index and
Bibliography.
Order the next two resources from
Cornell University Resource Center, 7
BTP, Ithaca, NY 14850. Make check
payable to Cornell University.
(607)255-2080; FAX(607)255-9946.
Master Card and Visa accepted.
Family Benchmarking: The
Search for Best Practices. Lois
Wright Morton & Matthew J. Semino
(1996). (322 FBP) $5. Family
benchmarking is a search for those
best practices that lead to families
effectively achieving their goals and
expanding thei capability to use their
resources well. This booklet provides
statistics about “average” family
expenditures, thoughts and questions
to consider when making adjustments
to line item family expenditures (or
budget projections). Individuals can
use this on their own or with a budget
counselor.
Kids as Consumers. 1996. Video
(23 minutes) and publication
combination. (322 VKACPKG).
$29.95. Helps parents and adults who
work with youth to better understand
how children develop their
marketplace skills, the consumer
concepts youth need to move into
independent living, and how adults
might intervene to strengthen
developing consumer skills. A
companion printed publication “Kids
in the Marketplace” provides
additional information and activities.
Includes preschool, schoolage, teen,
and how youth get money to spend.
Child Custody: Building
Parenting Agreements That Work
(Second Edition). Mimi E. Lyster
(1996). Author covers parenting
agreements for traditional and
nontraditional families, married or
unmarried parents. Experts advise
parents to make their own custody
decisions, if possible, because it is
more likely better for both parents and
child. Author attempts to address
legal, financial, and parenting when
looking at issues and not just isolating
the legal ramifications. Book is
recommended whether you are
thinking about separation,, preparing
to negotiate your first agreement or
modifying an existing agreement.
Tearout forms are provided to
construct agreements..
8 Ways to Avoid Probate. Mary
Randolph (1996). Nolo Press, 950
Parker Street, Berkeley, CA 94710.
$!5.95. Author discusses the pros and
cons of eight strategies to avoid
probate, including a discussion on
why transfer on death beneficiary
designations are a good way to
register stocks and bonds (allowed in
about half of the states). Author will
tell you why payable on death
accounts are an easy method, how to
name a beneficiary for your retirement
account, when a living trust makes
sense, how to take advantage of
special procedures for small estates,
when the federal gift and estate tax
kicks in. Index.
Reverse Mortgages Reverse
The Fortunes of Senior
Citizens.
About 25,000, primarily
elderly homeowners have taken
out reverse mortgages. In some
cases, especially if the home is
sold within a few years, the
effective annual percentage rates
on the loans within a few years can
be over 20%.
Fletcher, J (1996) Reverse’ Mortgages
Reverse, Wall Street Journal, 11/29/96,
B6.
Transfer on Death
beneficiary clauses are
permitted in almost half of the
states.
By adding transfer on death
(TOD) after the owner’s name(s)
on investments (stocks and bonds)
and naming a beneficiary or co-beneficiaries, the accounts will
transfer to the beneficiaries at date
of death. Probate will not be
required.
TOD is similar to POD
designations used on bank
accounts. At least one state
(Arkansas) also allows you to
name contingent beneficiaries.
You may have to negotiate with
your broker or mutual fund for the
designation. Some transfer agents
will not do transfer on death
registration. Hint: tell the account
executive you will use another
fund company if his or her firm
doesn’t permit use of TOD.
Chances are the person to whom
you are speaking doesn’t know
what TOD is, let alone if the firm
offers the designation. At death,
present a death certificate to the
transfer agent to expedite the
change in ownership.
(Professor/Department
Chair), Consumer and Textile
Sciences, The Ohio State
University.
Provide leadership in teaching,
research and outreach activities,
and to serve as liaison to diverse
private and public sector
constituencies. Review begins
February 15, 1997. Applicants are
encouraged to request a detailed
position description. Send
nominations/ information requests
to: Loren V. Geistfeld, Professor,
Department of Consumer and
Textile Sciences, 265D Campbell
Hall, 1787 Neil Avenue,
Columbus, Ohio 43210-1295.
Telephone: 614-292-4582, FAX:
614-292-7536, Equal Opportunity, Affirmative Action
Employer. e-mail:
<geistfeld.1@osu.edu>.
The Employee Assistance
Program of the Central
Intelligence Agency (CIA),
McLean Virginia, seeks a qualified
financial counselor to provide
financial counseling to employees
and dependents. This is a full or
part-time (minimum 24 hours
/week) contract opportunity. Send
resume to CIA, Office of Medical
Services, Chief, Employee Assistance Program, Washington, DC
20505.
Benefits/Financial Counselor,
University of Nevada-Reno.
Responsible for providing comprehensive counseling and financial
education to faculty and staff in
such areas as 403(b) and 457 tax-deferred savings programs, group
health, life, disability, and other
voluntary insurance programs, pre-retirement and financial planning, and other programs as appropriate.
Administrative responsibilities
include handling benefits contracts
and providing liaison to various
insurance and benefits providers.
Five years experience minimum.
Contact Robert Martin, Director,
UNR Personnel Services, 238,
University of Nevada- Reno, Reno,
NV 89557-0122; (702)784-6082.
AA/EEO. Deadline: Jan. 24, 1997.
Family Financial Planning
Position, Assistant / Associate
Professor, 9-month, tenure track.
Earned doctorate in Family
Economics, Consumer Economics,
Finance, CFP or CHFC
designations and one to three years
professional experience preferred.
Review begins 1/1/97; position
begins 8/97. Contact Shelley Harp,
Search Committee Chair, Box
41162, College of Human
Sciences, Texas Tech University,
Lubbock, TX 79409-1162,
(806)742-3050;
fyawg@ttacs.ttu.edu. AA/EEO
Fellowships for Graduate
Study. Utah State University
College of Family Life offers four
$12,000 fellowships for recruiting
outstanding first-year Ph.D.
Consumer Sciences majors. Need
cummulative grade point average
for last two years of work, 3.5,
GRE or GMAT scores at 70th
percentile, and exceptional
reference letters. Out-of-state
tuition waivers accompany each
fellowship. Must complete
application to School of Graduate
Studies by 3/15/97 to be considered. Contact Jean Lown,
LOWN@cc.usu.edu; (801) 752-6830 (home); (801)797-3845
(FAX ).
Congratulations to AFCPE members, Sherman
Hanna and Peng Chen, The Ohio State University
for their award winning “Article of Excellence”
given by the Certified Financial Planner
International Board of Standards. The title of the
article, “Efficient Portfolios for Saving for College,”
published in the Proceedings of the Association for
Financial Counseling and Planning Education, 1995. If
you want to be considered for one of the five $1,000
awards, submit an article by July 1, 1997. For more
information and submission criteria contact CFP Board,
1660 Lincoln Street, Suite 3050, Denver, CO 80264,
(303)830-7543.
Call for Papers, Panels, Posters & Showcase
Programs for Public Policy: Economic Impact on
Children, Youth & Families, Preconference to the
Annual Meeting of the American Association of
Family & Consumer Sciences, June 19-20, 1997,
Washington, D.C. For more information, Claudia Peck-Heath, HES, University of Kentucky, Lexington, KY
40506-0050; (606)257-4080; (606)257-4095FAX;
cjpeck@pop.uky.edu
Call for Papers for International Quality of Life
Conference, Charlotte, NC, September, 1997. Papers
due April 15 to Flora Williams, CSR Department,
Purdue University, W. Lafayette, IN 47907, (317)494-8297
Newsletter (ISSN-1096) of the Association for Financial Counseling
and Planning Education
Vol. 14, No. 1 January, 1997
Published quarterly January, April, July, October
Executive Director, Ruth Helein
theadmin@goodnet.com
The Association for Financial Counseling and Planning
Education (AFCPE) was established to promote education,
research, and service in personal financial management. The
AFCPE, governed by elected officers and directors, is a
non-partisan, non-profit, incorporated professional
organization of academicians and practitioners.
AFCPE serves professionals through. . .
the promotion of the education and training of
professionals in financial management.
the administration of the national Accredited Financial
Counselor (AFC) program.
the dissemination of scholarly research findings,
procedures, and applications related to financial
counseling and planning education.
the active participation in educating individuals and
families in all areas of personal finance and counseling
theory.
a forum for the discussion of curriculum models used in
educating financial counselors and planners.
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