Judy L. Harris Utah County Home Economics Agent Utah State University Cooperative Extension Service Provo, Utah Extension educators have traditionally focused their efforts on the demonstration method of teaching. Seaman Knapp laid the foundation for this tradition at the beginning of this century by establishing demonstration projects on private land throughout the south to help farmers adopt new farming practices. Extension educators used this traditional approach in a new way in Utah County to bridge a gap between concept and practice as part of Extension financial management education.
Many families are concerned about their financial health.
Financial counselors and educators frequently present the concept of power payments to families who want to get out of debt. The basis of the power payment debt reduction idea is that consumers should avoid new debt and hold constant the amount of money going toward debt payment. No new money for debt reduction is required. After one creditor is paid off that monthly payment is added to the payment for another creditor. This practice can save hundreds of dollars.