Note: This site is for reviewing legacy plan of work data from 2007-2011. If you are looking for the current plan of work interface, visit pow.nmsu.edu.

Financial Security for All (Quay County)

Plan Goal

Improve the financial literacy of Quay County Citizens through better money management, increased savings, and wise use of credit

Situation Statement

Financial security is important to individuals, families and communities. Financial literacy is important for all income levels. It is especially critical for limited resource families. The fewer the resources the less room to make financial errors or deal with emergencies such as medical, dental, loss of job or death of a wage earner. The household assets of communities are an indicator of a region’s economic stability and prosperity. The 2004 per capita income in New Mexico was $26,191 making it 47th in the nation which was down from 46th in 2003. The per capita income for Quay County is around $20,000 which is lower than the state average.

Target Audience and Actions

Families in Quay County

Prgrams on using credit, credit reports and estate planning will be presented to Extension Association members and other groups. Home of My Own Curriculum will be utilized with various groups.

Short-Term Objectives

70% of participants will increase knowledge of basic money management practices
70% of participants will increase knowledge of credit costs
70% of participants will recognize the importance of personal records, a valid will, durable power of attorney and other estate planning documents as a result of the legal education program.
50% of participants will plan to get their credit report

Medium-Term Objectives

30% of participants will have taken steps to save for retirement within six months.
20% of teens will have started a savings plan within two months.

Long-Term Objectives

30% of participants will have increased savings after two years.

Evaluation Plan

Evaluation documents that come with programs will be used.
Word of mouth evaluations.