ANCHOR LEAD: Gift giving, party hopping and increased travel are some of the joys that come along with the holiday season. But all that holiday cheer cannot only have an effect on your waistline; it can also wreak havoc on your finances. Brian Osuch has the story… (:55)
SCRIPT: Newsbreak, I'm Brian Osuch. A survey from the National Endowment for Financial Education (NEFE) finds that 1 of 3 people report that the quality of their current financial life is worse than what they expected it to be. Paul Golden with NEFE shares some strategies to get financially fit in the coming year.
CUT: (Golden) If your goals are to get out of credit card debt, certainly you'd like to pay off the balance that has the highest interest rate. But you might benefit by actually paying off the card with the smallest balance because that will give you an immediate reward. Likewise with an emergency savings it might be even beneficial to even set a small goal, as little as $500 dollars, show yourself that you can actually achieve that and then set the bar higher.
SCRIPT: Golden suggests the best way to keep your financial goals in check is to find a financial buddy.
CUT: (Golden) Think about somebody who is a trusted friend or maybe even a family member who can understand what your goals are and can help hold you accountable over the course of the year.
SCRIPT: For more, visit SmartAboutMoney.org. That's Newsbreak from NEFE. I'm Brian Osuch.
This media asset is free for editorial broadcast, print, online and radio use. It is restricted for use for other purposes.