CAMDEN, Maine — The Camden Public Library was one of 20 libraries in the nation selected for a grant that will allow the library to educate townspeople and students about personal finances.
The $45,440 the library received from the Financial Industry Regulatory Authority and the American Library Association will be used for public sessions, to send out fliers every few months about finances, and to purchase software the library will give to program participants to help them manage their household budgets.
“It’s a huge educational effort and outreach in our community,” library director Nikki Maounis said. “I think it’s important for any American to have this education, particularly in hard economic times.”
Maounis said programs would begin in June. Specific topics have not been chosen, but the Camden grant application stated that the library plans to educate the community about budgeting, investing, good debt, bad debt and fraud prevention.
Maounis said the organizations giving out the Smart investing@your library grants wanted to give money to libraries that served as “important anchors in their community.”
Camden was one of two Maine libraries chosen for the national grants. The Curtis Memorial Library in Brunswick plans to tailor its financial programs to women.