Smart Talk

Smart Talk is a daily, live, interactive program featuring conversations with newsmakers and experts in a variety of fields and exploring a wide range of issues and ideas, including the economy, politics, health care, education, culture, and the environment.  Smart Talk airs live every week day at 9 a.m. on WITF’s 89.5 and 93.3.

Listen to Smart Talk live online from 9-10 a.m. weekdays and at 7 p.m. (Repeat of 9 a.m. program)

Smart Talk Friday is a fast-paced program featuring thoughtful and engaging conversations about the politics, policy and people who are shaping Pennsylvania’s future. Host Scott LaMar and WITF Capitol Bureau Chief Mary Wilson invite your multimedia interaction before, during and after the program.


Hosts: Scott LaMar and Mary Wilson

Smart Talk: What you can learn about your money

Written by Scott LaMar, Smart Talk Host/Executive Producer | Jun 1, 2014 12:56 PM

What to look for on Smart Talk Monday June 2, 2014:

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Do you pay your bills on time every month?  Most Americans do, but only 39% of them use a family budget to keep track of their spending.

Fewer people are spending less than they did last year and the two biggest personal finance areas of concern are not having enough money for a rainy day or emergency and retiring without having a sufficient amount of money set aside.

Those are a few of the findings of a nationwide survey conducted for financial advisers and consultants.

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Rick Rodgers President of Rick Rodgers Associates

We'll learn about the survey, its results, and what it can tell us from Rick Rodgers, a financial adviser and president of Rodgers and Associates in Lancaster.

Other results show only 39% of adults answered four of five multiple choice questions correctly about mortgage payments, interest calculations, and investments.

Some 35 million Americans carry at least $2,500 in credit debt over month to month.

What can be learned from this survey and are there changes we can make in our own lives to handle our money better?

To learn more:

http://www.360financialliteracy.org/

http://www.mymoney.gov/Pages/default.aspx

https://www.mint.com/

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Comments: 6

  • Radio Smart Talk img 2014-06-02 08:29

    Eugene writes:

    I'm curious about the relative impact on the economy of savings or spending. It was mentioned that spending is good for the economy, but isn't savings also good for the economy? Can you elaborate?

  • Radio Smart Talk img 2014-06-02 08:39

    Sarah P. emails:
    Do you have a recommendation for a budget format? I recently retired, and I always seem to forget some important part of my financial planning. Thanks!

  • Radio Smart Talk img 2014-06-02 08:41

    Carra Kramer writes:

    Thank you again for taking my call. I wanted to add a resource I use that may help others like me who need a visual on where their money goes. mint.com has been very helpful to me in getting organized. Each month there is a pie chart that organizes your expenses by type. Love the show! Thanks for another great topic!

  • Radio Smart Talk img 2014-06-02 08:50

    Cathy Grinder emails:

    Great show on finances. I just wanted to mention a great software for budgeting is called 'You Need A Budget'. My husband and I use this software as well as Mint.com.

  • Radio Smart Talk img 2014-06-02 08:51

    Kevin:

    In my younger days, when my buddy and I would hang out on Second Street, I would always pay for my drinks with cash, while he always ran a tab and paid with a credit card. I liked the financial control that came from literally seeing what I was spending... and it also helped me keep track of how many beverages I consumed. My friend tended to over-spend, and over-do.

    Also, for those concerned with privacy, cash leaves no information trail.

  • Brian Smith img 2014-06-22 05:44

    Most of us try to pay our bills in lime but as the prices rise it becomes more and more difficult. Earlier I thought that taking loans for paying bills it’s the nightmare but it’s the reality. I faced with the same problem when I took payday loans Calgary. Once I realized that in the end of the month I don’t have enough money for paying my bills. It’s not my fault. I just have a minimum wage. The prices rise and I still take loans for paying bills. I’m afraid that once I won’t have money at all.

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