City to offer smart money management tips for children, adults

CHICAGO (WLS) -- City Treasurer Kurt Summers offers tips for financial literacy in Chicago as National Financial Capability Month begins.

In March, Treasurer Summers launched Chicago's first ever Financial Education Plan with Arne Duncan, Mayor Emanuel, Barbara Byrd Mennett and John Rogers of the President's Council on Financial Capability for Young Americans. Though Chicago has more than 130 financial education providers throughout the city, an inventory showed they are not coordinated and haven't worked toward the same goal.

Summers' initiative brings together these providers, the Mayor, City Treasurer's Office, Chicago Public Schools, Chicago Public Library, Department of Family and Support Services and Chicago City Colleges to develop a plan to provide access to quality financial education programs and supports.