Kristy Archuleta, associate professor of financial planning in the College of Family and Consumer Sciences, was quoted by CNBC about smart money goals for the year.
“Most people don’t know that much about personal finance,” Archuleta said, which makes financial projects overwhelming.
Financial infidelity, or financial secrets, include making a purchase and lying about it, paying full price for an item but saying you bought it on sale, or hiding income, large credit card debt, or a bank account. Seek help by sharing these secrets with someone else. Break down financial tasks into smaller pieces. Archuleta recommends paying off one credit card at a time by paying more than the minimum balance.