User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


64° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

KELO News Poll: Family Finances

March 5, 2008, 9:26 PM by Don Jorgensen

KELO News Poll: Family Finances
From rising gas prices to paying more for groceries to a slumping stock market, many families are pinching pennies just to make ends meet. Just today, a federal reserve report confirmed the economy has weakened since the start of the year, as shoppers cut back on spending because of the housing slump and painful credit crunch.

It's a situation backed up by numbers from our KELOLAND News economic online survey, in which 43% of you say you are worse off than a one year ago. 

Like a lot of families, Tonya Hartje is feeling the financial pain of trying to raise children during uncertain times.
She's had to adjust her family budget, balancing wants with needs. 

"Probably not going out to eat as often as we use too," said Hartje. 

"We don't go to movies!," said her daughter. 

"And like she said, maybe not as many movies, we are staying home more and watching movies at home," said Prins. 

The same goes for Amy Prins and her husband who are raising five children. 

"We definitely don't go out as a family very often, that's pretty expensive, you just kind of pick and choose what you want to get rid of and keep," said Prins.

According to our survey, many people are cutting back to make up for rising costs.
47% say they're making fewer impulse purchases, 46% are eating out less, 39% are driving less,

34% are cutting back on entertainment, and 33% are saving less.
This spring, families can look forward to getting a tax rebate from the government. It was designed to stimulate the economy, but these two women don't plan on spending it. 

"Probably just pay down some debt, some student loans things like that, said Hartje. 

According to our survey, 45% plan on paying bills with it, compared to 19%  who will save it and 15% who plan to spend it. 

"I'm sure we'll just get it and pay bills, I doubt we'll go on a luxury trip of any kind," said Prins.

Previous Story

Next Story


RELATED STORIES


 
Find Local Businesses on KELO Pages!

You may also like

Student Athlete Ineligible After Charity Event

9/18/2014 5:20 PM

A successful Estelline cross country athlete is being forced to sit this season out because she participated in a charity run aimed at keeping kids aw...

Full Story | Watch
Two Vehicle Crash Leaves One Person With Life Threatening Injuries

9/20/2014 12:35 PM

A two vehicle crash has left one person with life threatening injuries.

Full Story
Joseph Patterson Released On $2 Million Bond

9/20/2014 3:04 PM

The man accused of killing the son of Minnesota Vikings running back Adrian Peterson is out of jail after someone posted a $2 million bond for his rel...

Full Story
Suspect In Custody After Police Surround Home

9/21/2014 2:44 PM

Sioux Falls Police and Lincoln County Sheriff's Deputies surrounded a Sioux Falls home on Sunday.

Full Story
Investigation At Canton Computer Business

9/17/2014 1:18 PM

Law enforcement are involved in a search at a Canton business.

Full Story


Events