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.


75° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Financial Resolutions For A Wealthier New Year

January 2, 2013, 9:56 PM by Hailey Higgins

Financial Resolutions For A Wealthier New Year
SIOUX FALLS, SD -

It may be a new year, but your financial decisions of the past are still here. The beginning of the year is a great time to sit down and evaluate your spending: past, present and future.

Financial expert Marley Prunty-Lara says there are three things everyone can do to get on the right financial foot in 2013.

First, track your purchases to see where your money goes each month.

"Really think about where those small purchases are going and where the money can be saved," Prunty-Lara said.

Second, go on a debt diet; stop getting farther in the hole and pay more toward what you do owe.

"Say every month, I am going to pay $20 toward my reduction of my debt. By doing that, at the end of the month, you might have $2,500 paid off," Prunty-Lara said.

And by tracking your expenses and bringing down debt, it will make it more affordable to buy whatever you're saving for, like a new home.

Prunty-Lara also advises to set goals that keep you motivated. Whether you're saving up for a new house, a new car or a nice vacation, set short or long term milestones.

"So when you start thinking about those long-term goals, you tend to be a smarter consumer and be able to afford the things you want to get out of life," Prunty-Lara said.

Experts say when you pay more than you owe toward student loans, a car or credit cards, be sure to mention you want the money to go toward the principal instead of interest.

Click here for more information.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch


Events