Nonprofit will hold contest to teach proper credit management

A city in Florida will hold a public seminar that aims to teach residents the proper practices of credit risk management. The Orlando Sun Sentinel reports that the Delray Beach and the Consumer Credit Management Services will host a program titled Operation: Money Makeover as part of National Financial Literacy Month, which is celebrated in April. Participants will attend free seminars and workshops that will communicate proper financial management as part of a contest that begins Friday and runs through the end of 2011. The event is meant to celebrate financial stability and improving bookkeeping, building more savings and reducing debt. A similar program is set to run in Houston, where Houston Money Week (April 2 - 9) will feature seminars geared toward educating residents on better spending and savings habits. More than 50 local community groups, financial institutions, not-for-profit organizations and other institutions will lead training sessions. The University of Houston Bauer School of Business and a local veterans' service will assist new graduates and returning veterans on how to better manage their money.