Creating a Budget


BANGOR - Tax season can be a great time to jump start a personal budget.

A recent national survey shows that more than half of Americans will use their returns to pay off debt. And once your head is above water, financial experts say putting a budget in place will set you up for future success, while accomplishing personal goals.


"So if you want a vacation, or you want a new car, or you want something fun, a budget helps you get there," says Marion Syverson, "and pay your bills."

Syverson says your budget should break down so that it looks something like this:

35% allotted for housing, 25% for life: which includes food, entertainment, and health care expenses. 15% for transportation, and 10% for savings.


Information provided by:

Marion Syverson, MBA

Norumbega Financial



Disclosure: "Only securities and advisory services offered through Wall Street Financial Group, Inc. (WSFG), Registered Investment Advisor. Member
FINRA/SIPC. WSFG and Norumbega Financial are separate entities. They are independently owned and operated.Wall Street Financial Group, Inc. did not assist in the preparation of this material and while it is believed to be from a reliable source, it's accuracy and completeness are not guaranteed."

Kristin Hosfelt


Kristin Hosfelt joined WVII ABC 7 and WFVX FOX Bangor News team in September of 2012. Pursuing a career in TV news has been a dream of hers since she first stepped foot in a news studio at 12-years-old. She has a true passion for storytelling and loves knowing each day working in the field, will be different than the day before.

She's a California native and a graduate of San Jose State University with a BS in broadcast journalism. She previously worked as a reporter, anchor, and producer for SJSU's student-run newscast, and interned at KCRA News in Sacramento, CA and NBC Bay Area in San Jose, CA.

When she's not in the newsroom she enjoys cooking, reading, and traveling. She's a Packers Shareholder, a cross fit junkie and she's always looking for the best place to get Mexican food.

She's thrilled to be here on the east coast and if you see her around be sure to say hello!

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