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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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Aug 16, 2017

The Republican led congress tried to repeal a large majority of the Affordable Care Act.  Calling it 'Skinny Repeal' with nothing legislated to take it's place.  

Host Heather Kelly asks her guests Republican Utah State Senator Dr Brian Shiozawa  https://www.facebook.com/voteshiozawa/  and Democrat Dr. Kathie Allen, http://www.drkathieforcongress.com/townhall/  who is running in the 3rd Congressional District to replace Jason Chaffetz, what would have happened if Obama care was repealed with no other health care plan in the works.

Find out why Dr. Shiozawa calls this the most complex issue facing American society today in Part 3 of Fixing Health Care.

https://www.facebook.com/MoneyMakingSense/

 

Aug 14, 2017

Insurance companies decide the price doctors should charge their patients.  So, what's affordable health care to one person isn't the same for another. 

http://www.drkathieforcongress.com/townhall/

Host Heather Kelly is joined by Dr. Kathie Allen, a Democrat running to replace Jason Chaffetz in the 3rd Congressional District, and by Dr. Brian Shiozawa, a Republican Utah State Senator from District 8.  Heather asks them what they think 'affordable' is in Part 2 of Fixing Health Care.

https://www.facebook.com/voteshiozawa/?ref=br_tf&sw_fnr_id=4014193550&fnr_t=0

What do these two politicians on opposite sides of the fence agree is 'affordable?'  What can Washington politicians learn from this discussion?  And what was their answer regarding what constitutes affordable health care?

https://www.facebook.com/MoneyMakingSense

Aug 11, 2017

Pregnancy used to be considered a pre-existing condition before the Affordable Care Act.  With the GOP led Congress trying to repeal Obamacare, will that mean pregnancy won't be covered under new insurance plans?

SavingMyHealthCare.com

Host Heather Kelly is joined by Dr. Brian Shiowaza, a Utah Republican State Senator from District 8 and Dr. Kathie Allen, a Democrat running for Jason Chaffetz 3rd Congressional District seat to discuss what can both sides agree upon in Part 1 of Fixing Health Care Series.

https://www.facebook.com/voteshiozawa/ 

These two politician doctors show Washington D.C. how to start the conversation on 'how to fix health care' by listening to the things both sides actually agree upon.

https://www.facebook.com/MoneyMakingSense/

Aug 9, 2017

Certified financial planner Shane Stewart from DMBA joins Host Heather Kelly to discuss when and how to save for retirement.  The number one thing to do is start saving early.  But, it's never too late.

Make sure you are received financial advice suitable for your situation in life.  Buying 10-life insurance policies at age 92 is not good advice.

https://www.dmba.com/nsc/savings/fpOverview.aspx

Shane explains how one client saved $600 in his 401k the last 3-paychecks of his entire career.  So, he was able to retire with some spending money for his long awaited vacation.  

http://www.ksl.com/?nid=1387&showid=2032&n=Cents%20&%20Cents-Ability

 

 

 

Aug 2, 2017

What is mystery shopping and is it legit? Fellow podcaster Andy Farnsworth with SLC Fanboys joins me as an expert mystery shopper to give insights into how this works.

http://www.ksl.com/?nid=1387&showid=2027&n=SLC%20Fanboys

Andy tells how he became a mystery shopper and host Heather Kelly gives details on where to find legitimate companies to shop for.

http://www.mspa-na.org/about 

And don't forget about Survey taking.  Find out how much money Heather Kelly has made in a 30-day period taking legitimate surveys.

 https://www.facebook.com/MoneyMakingSense/?ref=bookmarks

 

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.

https://www.templesquare.com/events/

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.

https://www.facebook.com/MoneyMakingSense/

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.

uesp.org

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.

http://www.emg-apts.com/artesian.htm

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.

https://www.facebook.com/MoneyMakingSense/

 

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. 

https://www.rockartshow.com/

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.

https://www.facebook.com/MoneyMakingSense/

 

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.

http://www.uvu.edu/uwlp/

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.

https://www.facebook.com/MoneyMakingSense/

 

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.

https://itunes.apple.com/us/podcast/cents-cents-ability/id1142678783?mt=2

Jun 30, 2017

How ready is your older teen to face the issues of finance?  Do they know the difference between Social Security and a 401k on their paycheck?  Join Certified Financial Advisor Shane Stewart and host Heather Kelly as they go over test results with Cayden - 17, Stephanie - 17, and Christopher - 18.  

http://www.oecd.org/finance/financial-education/oecdpisafinancialliteracyassessment.htm

Also, go to Money Making Sense Facebook Page to see the test questions given to these teens.  Could you do better than a 17-year old?  How about your teenager; give them the quiz to see if they are ready for the financial world which awaits them.

https://www.facebook.com/MoneyMakingSense/?notif_t=page_fan&notif_id=1498494903127341

 

Jun 30, 2017

Your younger teenager may not have a job yet, but he/she should definitely have an understanding of saving money in a bank.  Maybe, they are about to get their first summer job, do they know the difference between Social Security and 401k deductions?  Certified Financial Adviser Shane Stewart joins host Heather Kelly and 3-young teens; Katie - 17, Taysia - 15, and Will -14, to discuss a financial quiz they took from an International test given to 15-year olds.

http://www.oecd.org/finance/financial-education/oecdpisafinancialliteracyassessment.htm

Find out if you know more than a 14-year old by going to the Money Making Sense Facebook Page to see the test given the teens.  And how about your teen?  Could you or they pass this test?

https://www.facebook.com/MoneyMakingSense/?notif_t=page_fan&notif_id=1498494903127341

Jun 30, 2017

Your younger teenager may not have a job yet, but he/she should definitely have an understanding of saving money in a bank.  Maybe, they are about to get their first summer job, do they know the difference between Social Security and 401k deductions?  Certified Financial Adviser Shane Stewart joins host Heather Kelly and 3-young teens; Katie - 17, Taysia - 15, and Will -14, to discuss a financial quiz they took from an International test given to 15-year olds.

http://www.oecd.org/finance/financial-education/oecdpisafinancialliteracyassessment.htm

Find out if you know more than a 14-year old by going to the Money Making Sense Facebook Page to see the test given the teens.  And how about your teen?  Could you or they pass this test?

https://www.facebook.com/MoneyMakingSense/?notif_t=page_fan&notif_id=1498494903127341

Jun 30, 2017

How ready is your older teen to face the issues of finance?  Do they know the difference between Social Security and a 401k on their paycheck?  Join Certified Financial Advisor Shane Stewart and host Heather Kelly as they go over test results with Cayden - 17, Stephanie - 17, and Christopher - 18.  

http://www.oecd.org/finance/financial-education/oecdpisafinancialliteracyassessment.htm

Also, go to Money Making Sense Facebook Page to see the test questions given to these teens.  Could you do better than a 17-year old?  How about your teenager; give them the quiz to see if they are ready for the financial world which awaits them.

https://www.facebook.com/MoneyMakingSense/?notif_t=page_fan&notif_id=1498494903127341

 

Jun 28, 2017

The 2017 Benchmark Compensation Survey shows the average wage for all entry level employees in Utah is $13.81 per hour.  Does your take-home pay reflect this average?  The President of the Utah Employers Council, Ryan Nelson, has more information about salary standards.

www.msec.org

We then cover the hot industry of Information Technology.  Did you get a signing or retention bonus?  Did it meet the standard for the Western United States?  And how likely are you to do IT work for the company you support or be outsourced?

http://www.ksl.com/?nid=1387&showid=2032&n=Cents%20&%20Cents-Ability

 

Jun 21, 2017

The world of gaming is extensive.  Whether you're looking to take games with you or stay at home... there's an app for that.  But, initial costs will run hundreds of dollars for xbox, playstation and wii.  Host of Popular Technology Radio, Jason Masters, breaks down what type of equipment is best for you.

The world of gaming has it's own type of currency, which could pay off big-time.  We've all heard of bit-coin, but how about ethereum, game credits, or ripple?  Ethereum currency has risen from $5.00 to $400 in just 30-days.  You can use these on-line currency to buy real world items and keep your kids away from your credit card by buying gaming credits and sending it to them.

But, too much gaming can lead to gambling addictions, losing time at work, not interacting with friends and family.  It's important to have a balance.

Jun 14, 2017

A great time saver is to have your bank pay your bills for you.  But, you could run into problems if you don't monitor your account balance.  Editor of Kiplinger.com, Lisa Gerstner has tips to saving time and money.

http://www.kiplinger.com/

Kiplinger, along with Net Services, ranked Ally Bank as best overall for all banking needs, but which Credit Union got the highest score in the land?  And if you are looking for a specialty bank, what are some the key words to search?

If you move exclusively to on-line banking, how to you deposit a check?  Lisa explains in the last segment of this episode.

https://www.facebook.com/MoneyMakingSense/

Jun 7, 2017

The economy may be on the up-swing, but not everyone is profiting.  Even if you are struggling with finances, there are 2 things you can do to avoid filing for bankruptcy.  Shane Stewart, certified financial planner from DMBA, has tips to keep you in your home.

https://www.dmba.com/nsc/savings/fpOverview.aspx

Find out why Credit Counseling is better than Debt Relief, and won't cost as much.  Should you file for bankruptcy when the finances get tight?  Will you lose you house and car?  

Learn the difference between Chapter 7 and Chapter 13 and which one is best for your personal situation.  And what happens after bankruptcy?

http://www.ksl.com/?nid=1387&showid=2032&n=Cents%20&%20Cents-Ability

 

 

Jun 5, 2017

Some women still leave the financing to their significant other.  And that spells trouble if the bill-paying spouse dies, or leaves the relationship.  Owner of Gardner Estate & Trust, CPA, Ronda Gardner and Susan Speirs, CEO of Utah Association of Certified Public Accountants have stories of women arriving destitute in their offices 18-months after the death of a spouse because they never learned about the family's finances.

Spouses need to educate each other in where the assets are kept.  Who is the family CPA, real estate agent, financial planner?  Which banks house the cash, 401k and IRA accounts?  Weekly, or monthly, meetings are a must for a married couple.  Even if only one person is in charge of finances, the other must know how it works.

What if you survived an abusive relationship and now it's over.  If you were forced to sign financial paperwork without knowing what it actually contained, you could be eligible for Innocent Spouse Relief when tax season rolls around.

 

 

May 31, 2017

In part 3 of 'Death & Taxes' we find out who pays the taxes when someone dies.  Is it the estate, the beneficiaries?  And what is the difference between a will and a trust, anyway?  Ronda Gardner, owner of Gardner Estate & Taxes, CPA and the CEO of Utah Association of CPA's, Susan Speirs answer these questions, and more.  Find out why it is so important to have everything in order before you die.  

May 31, 2017

In part 2 of 'Death & Taxes' we take on lower & middle class income earners.  You have a modest estate, a middle class home, maybe a couple thousand in a 401k and you don't know how to divide it up among your beneficiaries.  Ronda Gardner owner of Gardner Estate & Trust, CPA and the CEO of Utah Association of Certified Public Accountants, Susan Speirs sifts through the process. What's the best way to prevent in-fighting between multiple people who inherit?  Why designating a 'specific bequest' could save your inheritor from paying taxes.

May 31, 2017

In part one of my Death & Taxes series, we tackle rich people.  Inheritance tax laws get very tricky when you have a lot of money and/or assets to pass on to relatives.  Ronda Gardner of Gardner Estate & Trust, CPA helps us understand how to best avoid that 40-percent inheritance tax.

 

May 24, 2017

Living paycheck-to-paycheck makes it very hard to put away $1000 for an emergency fund.  But, The Penny Hoarder editor, Justin Cupler, has a month by month plan to do just that.

https://www.thepennyhoarder.com/

Start by opening a savings account which puts money in your account.  Then, sell items you don't need or use in your house.  You can also get the internet to work for you on purchases you already make.

Become a mystery shopper and someone who fills out surveys.  It takes a little bit of extra time and effort each month; but, all these activities will get you to your goal at the end of one year.

https://www.facebook.com/MoneyMakingSense/?ref=bookmarks

 

May 17, 2017

The co-founder of Altra Running explains how baking shoes in a toaster oven led to a 25-million dollar company.  Jeremy Howlett and his cousin, Golden Harper, became world-wide entrepreneurs by being passionate about their idea and using social media to connect with seed investors and capital venturists.

www.altrarunning.com/

Howlett explains the different ways to find financial backing for your great idea, and why you shouldn't give up when you've been turned down by some of the biggest names in the industry.  

Altra Running is not resting on their laurels, they continue to be on the cutting edge by combining smart technology into their shoes.  You need to keep the creative juices flowing if you want to continue to grow your business.

https://www.facebook.com/MoneyMakingSense/?ref=bookmarks

 

 

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