Looking to get your finances in order in 2023? Certified financial planner shares tips to help you start saving

Scott Sampeer gives a crash course lesson on saving and budgeting on Upper Michigan Today episode 197
Certified Financial Planner Scott Sampeer shares financial advice and budgeting tips on Upper...
Certified Financial Planner Scott Sampeer shares financial advice and budgeting tips on Upper Michigan Today.(WLUC)
Published: Jan. 4, 2023 at 12:00 PM EST
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MARQUETTE, Mich. (WLUC) - On Wednesday’s episode of Upper Michigan Today... it’s day two of resolution week and Elizabeth Peterson and Tia Trudgeon are hoping to get their finances in check this year.

Certified Financial Planner Scott Sampeer joins to share a crash course in saving for everyone that added ‘start budgeting’ to their list of new year’s resolutions.

But first, stories of the day.

Ishpeming Ski Club’s annual ski jumping tournament is back for the 136th year.

This year’s event is happening on January 20-21 and comes with some exciting changes.

You can volunteer for the event (and check out world-class ski jumping for free after your shift ends) by signing up for openings on yoopersunited.com.

The 136th annual Ishpeming Ski Jumping Tournament is returning with fun changes and congratulations to the UP's New Year's Day babies.

Now back to financial planning.

Sampeer says there’s no time like the present to start saving, but in order to do so, you might have to change your habits.

He recommends starting by investing in yourself, cutting out what doesn’t work for you, and automating everything. He breaks these habits down into further detail and recommends using the 50-30-20 rule of budgeting.

That’s spending 50% of your money on needs, 30% on wants, and 20% should go into savings.

Though, you might find yourself spending all of your money on needs. Sampeer stresses the importance of investing in yourself and looking over your finances and understanding where everything is going. This may eliminate unwanted expenditures.

Does your New Year's resolution involve saving money? Financial Planner Scott Sampeer shares simple tips to get started.

Peterson and Trudgeon get Sampeer’s advice on what to do in real-life financial scenarios.

Upper Michigan Today's Tia and Elizabeth ask Certified Financial Planner Scott Sampeer what to do in certain financial scenarios.

And finally, Sampeer says his biggest piece of advice for you is to get your budget started and write it down on paper.

Once you have your budget set, take out that amount of cash and only spend what you have in bills.

Certified Financial Planner Scott Sampeer shares basic ways to improve your finances and start budgeting.

You can watch Upper Michigan Today on weekdays at 9:00 a.m. on FOX UP.