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Southwind District

Erie Office

111 South Butler
Erie, KS 66733
620-244-3826
Fax:  620-244-3829

Fort Scott Office

210 South National
Fort Scott, KS 66701
620-223-3720
Fax:  620-223-0332

Iola Office

1 North Washington
Iola, KS 66749
620-365-2242
Fax:  620-365-7944

Yates Center Office

211 W. Butler
Yates Center, KS  66783
620-625-8620
Fax:  620-625-8645

 

Your Money

A sudden drop in income when the bills keep coming can result in panic and stress, but proactively figuring out what you have and developing a plan can help buffer those feelings.

Income drop? Take stock and set priorities.  Developing a spending plan can help reduce stress, maintain control of your financial position

The economic fallout from closed businesses and lost jobs linked to the new coronavirus hit with almost no warning, abruptly slashing the income of millions of Americans. The situation is heightening stress as individuals and families figure out how to pay rent, utility bills and more.

“An abrupt loss of income, whatever the reason, can be traumatic,” said Kansas State University associate professor Elizabeth Kiss. “When it happens, a common instinct is to panic. Although natural, avoid the temptation to tailspin as much as possible.”  It may feel like you’re not in control right now, but there are things you can control, said Kiss, a family resource specialist with K-State Research and Extension.  She authored the following publications:

When Your Income Drops: Don't Panic -- Take Control

When Your Income Drops: Making Ends Meet

When Your Income Drops: Coping With Stress

When Your Income Drops: Community and Family Resources

When Your Income Drops: Sharpening Survival Skills

ScholarShop

The Kansas State Treasurer, Jake LaTurner, announced a new tool they have launched to help parents and students find money to pay for educational opportunities after high school. Whether you have a student looking at tech school, vocational school, or a traditional college, the office is happy to announce that they have partnered with Sallie Mae to provide an exceptional way to access over 5-million scholarships worth over $24-billion quickly and easily on our new Kansas ScholarShop website.

https://www.kansasstatetreasurer.com/scholarshop.html

They tested this platform at Washburn Rural High School in February, before schools were suspended for COVID-19, and the students and teachers had great success searching. The website is now ready to be used by students statewide.

The tool is simple and can be customized very specifically to the student's interests. We encourage you to give it a try!

Federal Student Aid

On March 27, 2020, the president signed the CARES Act into law, which, among other things, provides broad relief for federal student loan borrowers.  If you're concerned about studies or loan repayment, check the Federal Student Aid website, which adds information to their site on a regular basis.

It's never too late to start a budget!

You can learn all about it in this consumerfinance.gov article.

Essential Living Skills Series

Learn even more about money management: budgeting, saving, banking, and more in this K-State Research & Extension publication.

In Case You Missed It - News Releases

Make a Plan to Budget Family Finances

Joy Miller
Southwind District Extension Agent, Adult Development and Aging & Family Resource Management
Fort Scott Office
Phone: 620-223-3720
joymiller@ksu.edu


bjs

Barbara Stockebrand

Southwind Extension District Agent, Adult Development and Aging
Yates Center Office
Phone: 620-625-8620
bstockeb@ksu.edu