Advice: Staying 'financially fit' in 2014 - KMSP-TV

Advice: Staying 'financially fit' in 2014

Posted: Updated:
ATLANTA, Ga. -

You are starting your new year with a financial plan - but then life happens. How do you stick to your plan? Scott Scredon of ClearPoint Credit Counseling shares some financial advice.

Click the vide above to learn more of Scott's advice for the new year.

• To start making changes in your financial life, make your plan simple, measurable and realistic.

• Make changes gradually. If your goal is to save, your first task is to find $20 that you can save consistently, every week or every month.

• To reduce your spending identify the easy cuts first. Look at all of your expenses and find products and services you either don't need or don't use. Do you subscribe to cable channels you never look at? Recurring costs like these eat up a budget over the course of a year.

• If you don't keep a close eye on where your money goes over the course of a month, download a budget tracker or simply put a pen to paper and write down everything you spend for 30 days.

• A good way to reinforce and reward your new spending habits is to set up a savings account devoted to reflect the "new financial you." Arrange for a scheduled automatic deposit to the savings account and pat yourself on the back as you watch the balance grow.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • Taco Thursday with Buck

    Taqueria Tsunami in Marietta on Square- Asian Latino Fusion

    Taqueria Tsunami in Marietta on Square- Asian Latino Fusion

    Thursday, July 31 2014 9:41 AM EDT2014-07-31 13:41:09 GMT
    What do you get when you combine the flavors from the Far East with the flavors from South of the Border? You get Taqueria Tsunami, a Latin-Asian fusion restaurant on the Marietta Square which just happens to be this week's stop on 'Taco Thursday...With Buck'.
    What do you get when you combine the flavors from the Far East with the flavors from South of the Border? You get Taqueria Tsunami, a Latin-Asian fusion restaurant on the Marietta Square which just happens to be this week's stop on 'Taco Thursday...With Buck'.
  • Big E celebration comes to North Georgia

    Big E celebration comes to North Georgia

    Wednesday, July 30 2014 9:40 AM EDT2014-07-30 13:40:00 GMT
    You know what the "Big E" is, right? Elvis! And the King is being celebrated in North Georgia this weekend! The 11th Annual Big E Fest and ETA Competition happens this weekend in Cornelia, GA.
    You know what the "Big E" is, right? Elvis! And the King is being celebrated in North Georgia this weekend! The 11th Annual Big E Fest and ETA Competition happens this weekend in Cornelia, GA.
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices