Smart Money Tips

THURSDAY 5:48 p.m., FRIDAY 5:00 a.m.
  • Hosted by Amanda H. Christensen

50-second money tips from Amanda H. Christensen, an Accredited Financial Counselor and Associate Professor for USU Extension specializing in personal finance. As editor of the Utah Money Moms website and social media platforms, she partners with USU Extension colleagues to share real-life money smarts for women of all ages. Amanda is co-author of the PowerPay Money Mastery Online Course. Connect with her on Facebook and Instagram @UtahMoneyMoms.

Smart Tip: Consider A Roth IRA

Oct 22, 2020

Whether you have a 401K at work or not, you can contribute to a Roth IRA each year as long as you meet the income limits. The Roth IRA is great because it allows you to contribute after tax dollars and allows those contributions to grow tax free. If you think your tax rate will be higher in retirement, this is a smart move.

Smart Money Tip: Create A Simple Budget

Oct 8, 2020

We all have expected expenses that vary from month to month. Groceries, household goods, clothes, dining out, entertainment, etc. What I do when I feel like I’m spending too much in these categories is create a simple, selective budget to get this spending back under control.

Smart Money Tip: Trim Your Expenses

Oct 1, 2020

One of the fastest ways to improve your financial situation is to review your list of expenses and look for ways you can eliminate and reduce. This process isn’t about becoming a scrooge, it’s about spending wisely and within your means so you can achieve financial goals faster.

Smart Money Tip: Organize Your Financial Records

Sep 25, 2020

Having your financial records organized and in one spot brings clarity and allows you to quickly find documents for reference. Properly protecting important documents means you won’t have to start over in the event of a fire or other incident.

Smart Money Tip: Evaluate Life Insurance

Sep 25, 2020

If you earn an income and someone else depends on that steady stream of income to survive, then you should probably evaluate your life insurance. Because if you’re gone, your dependents will be left without that income source.

Smart Money Tip: Set A Money Date

Sep 4, 2020

Whether you have joint finances or separate, it’s still important to sit down with your spouse or partner and get on the same page. Similarly, if you’re single, you don’t have a default accountability buddy to discuss your money issues with. You must check in with yourself or a trusted friend or family member from time to time.

Create A SMART Money Goal

Sep 4, 2020

Let’s talk goal-setting. I think written, SMART goals are the way to go versus the more arbitrary goals like “save more” and “have less debt”.

Smart Money Tip: Save For The Short-Term

Sep 4, 2020

Proper money management is a language you never stop learning. It’s important to regularly consume information to keep you motivated and intentional.

Smart Money Tip: Know Your Assets (and Net Worth)

Aug 13, 2020

Knowing your assets will allow you to calculate your personal net worth (assets minus liabilities). It will also give you a sense of what you need to insure, secure, or include in your last will and testament.

Smart Money Tip: Reduce Your Debt

Aug 13, 2020

Whether it’s debt on a credit card, a car loan, student loans, or your mortgage, making an efficient plan to tackle debt doesn’t happen on it’s own. It takes self-discipline and a game plan!

Smart Money Tip: Get To Know Your Monthly Expenses

Aug 13, 2020

No matter the income level, financial success comes from consistently living below one’s means. A review of your monthly expenses will give you a sense of part of the "big picture." It will also give you the information needed to create an emergency fund, a simple budget, and automate your bill paying.

Smart Money Tip: Review Your Credit Report

Aug 13, 2020

It’s not uncommon for your credit reports to contain errors, and these issues can pop up at any time. So it’s a good idea to review your credit reports at least annually, of only for this purpose.

Smart Money Tip: Adjust Your 4O1K

Aug 13, 2020

A 401K is a great tool to help us reach our maximum potential when it comes to retirement savings. It’s important to adjust your 401K each year, both the amount (or percentage of income) you are contributing, and the type of individual funds or investing products to which you are contributing.

Smart Money Tip: $1,000 Cushion

Aug 13, 2020

Everyone should have at least $1,000 extra saved up. Having that thousand-dollar cushion in your finances can do a lot for your feelings of security. It’s also evidence that you are capable of living within your means, and (possibly more importantly) holding on to your savings.