CUNY, Daily News Partner to Offer "Your Money" Financial Education Initiative

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Photo - President Waldron and Mayor Bloomberg

President Kathleen Waldron (right) spoke with Mortimer Zuckerman, publisher of the Daily News (center), and New York City Mayor Michael Bloomberg (left) before volunteering on the phone lines.

-- Photo by Andre Beckles

New York, NY, Dec. 19 -- More than 8,700 concerned New Yorkers dialed the "Your Money Helpline" service for advice and referrals on budgeting, saving, real estate purchases, and other financial questions since the service launched on Monday, Dec. 15. The weeklong joint venture between the City University of New York and the New York Daily News had hundreds of volunteer advisors staffing 48 phone lines in a variety of locations around the city.

Baruch’s President Kathleen Waldron answered queries from callers on Tuesday morning. One of her callers asked for advice on purchasing a larger apartment than he had initially budgeted for. "People are tempted to buy homes in this market," said Waldron, who told the caller to factor job security into a major purchase. Other volunteer advisors from Baruch include Dean John Elliott of the Zicklin School of Business, who spoke to callers on Friday, and Professor Kishore Tandon of the Department of Economics and Finance.

The popular service, staffed by more than 400 volunteers fluent in languages ranging from Arabic to Yoruba, is scheduled to end today, but interested New Yorkers can still find counseling through the city’s Office of Financial Empowerment (www.nyc.gov/html/ofe), one of the helpline’s partners.

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