Money Making Sense

Money Making Sense host Heather Kelly doesn’t like to use dirty words like "budget" and "frugal." Instead, she focuses on how to find financial peace by better allocating your paychecks and analyzing the impact of simple family decisions. Each episode approaches the topic of personal finance from both a cost-savings and revenue-generating perspective. Covered topics include: vacationing on a budget, accumulating retirement savings on a limited income, optimizing your 401k and insurance plans, reducing household expenses, the financial impact of owning a pet, maximizing value when de-cluttering and selling personal property. Money Making Sense will give you practical ideas on how to improve your bottom line. Money Making Sense is a 2017 Podcast Awards Nominee.
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Now displaying: July, 2017
Jul 26, 2017

You're getting married and you know exactly what the elaborate reception will look like.  But, you only want to spend $300.  Christine Wannacot - event coordinator, Colleen Hanson - florist, and Chef Brian Richter from Temple Square Hospitality joins host Heather Kelly for a reality check.

How much could flowers, food, and an event hall set you back?  What you pay for the hall but bring in your own food and alcohol.... is it allowed?  And what are some ways to not spend any money at all?

All this is covered in this episode along with tips for brides to make their grooms feel included in the decision making process.  TIP:  narrow down your top 2 or 3 favorite items, then ask the groom to make final decision based on those options.  Also, ask for help from your community.  Maybe they can help find a church, American Legion hall, or have access to a country club.

Jul 19, 2017

The old adage, it's never too late, applies for starting a 529 college savings account.  But, it's also never too early.  Executive Director for Utah Education Savings Plan (UESP) Lynne Ward says as soon as your child is born, you should start putting money away for their advanced schooling.  AND... if you sign up shortly after baby is born... you can get a FREE Onsie.

You also get multiple tax benefits for opening a 529 plan with UESP.  No taxes on the gains IF the money is used for Qualified Higher Education Expenses; which include, housing, computers, books, and tuition.

Kilplinger's, Morningstar Investors Service and Clark Howard all ranked UESP as the top Savings Plan available in the country.  You don't have to be a Utah native to open an account with them.


Jul 12, 2017

Developer Bill Knowlton of Parley's Partners discusses his latest project for low income earners.  Artesian Springs has 278-units available for under $300 a month.... IF you qualify.

And Julie Steele from EMG also gives us information about how living in the modern complex is like.  All on this episode of Money Making Sense.


Jul 7, 2017

Animation legend Ron Campbell joins host Heather Kelly to talk about his work.  You may not know his name but, you know Scooby Doo, The Jetsons, Rugrats, Yogi Bear, and dozens more.  

Ron retired in 2008 after animating the last cartoon in history by hand 'Ed, Edd & Eddy' (animation is now done digitally).  Currently, he tours the country with paintings based on the animated characters he helped create.  His most popular artwork is scenes from The Beatles "Yellow Submarine" movie.

If you loved The Flintstones, The Smurfs, or my favorite, The Beatles Saturday morning cartoon show growing up, you won't want to miss this episode of Money Making Sense.


Jul 5, 2017

A new study from the McKinsey Global Institute found women provide anywhere from two - ten times as much care in the home as men.  This includes child care, aging parent care, and housework.  Dr. Susan Madsen, the director of Utah Women & Leadership Project, discusses how societies in the U.S., Asia, Europe and Middle East  affect the equality gap of labor in the home between the sexes.

What are the factors which keep a majority of women doing a 'second shift' at home, even when they work full-time jobs?  Are parents unconsciously demonstrating to their kids the value of the work boys and girls do from an early age?  If unpaid home care providers were given a salary, both men and women could bring in $49,000 a year on a 40-hour work week.  

Having a disproportionate work load between men and women in the home can have negative consequences on health and future earnings.


Jul 1, 2017

New laws taking place on July 1, 2017 could increase your credit rating.  Host Heather Kelly explains what changes will increase your score and how that will increase your chances for qualifying for a loan or credit card.  

What is the highest credit score you can achieve?  How does a lower rating affect your interest rate?  What type of debt will still affect me?  These questions and more will be answered in this SPECIAL quick episode of Money Making Sense.