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Family Finances

All Family Finances Content

Stacks of coins getting gradually larger.

Your Money, Your Goals Program to Be Held in Brookings, Sioux Falls and Watertown

September 20, 2019

SDSU Extension will be hosting a Your Money, Your Goals program on October 1 at the Brookings Public Library, October 8 at the Sioux Falls Extension Regional Center, and November 5 at the Watertown Regional Library. Each program is open to the public, free of cost and will be held from 6:00 p.m. – 7:30 p.m.

Family Finances, Health, Older Adults

Blood pressure device, box of pills

Medicare Open Enrollment: October 15 – December 7

The annual enrollment period for Medicare is here. This is your opportunity to review your current plan and reevaluate your Medicare coverage.

Hand holding a compass.

Planning for Retirement

No matter what your age or when you plan to retire, now is the time to begin saving for retirement.

a women standing in a field of wheat
Jan 10

Power of Women as AgVocates Conference @ Chamberlain

SDSU Extension will be hosting a conference on Jan 10-11, 2020 at 5:30 PM CDT at the Arrowhead Cedar Shore Conference Center (1500 Shoreline Dr., Oacoma, SD 57365).

Family Finances, Older Adults

the word privacy on top of an illustration of a keyboard

Equifax Data Breach Settlement: How to Make a Claim

August 14, 2019

Equifax, one of the three credit reporting agencies, collects credit and demographic data on over 800 million consumers and provides credit monitoring and fraud-prevention services. In September of 2017, Equifax announced that a data breach had occurred earlier in the year.

Family Finances

a mixture of fresh fruits and vegetables

SDSU Extension Launches Double Up Dakota Bucks to Help South Dakotans Access More Fresh Fruits & Vegetables

July 30, 2019

To improve access and encourage consumption of fruits and vegetables, SDSU Extension and NDSU Extension have launched Double Up Dakota Bucks at the farmers markets in Lake Andes, South Dakota and Rolla, North Dakota.

Family Finances, Health

Group of young children receiving a free meal at a lunch station. Courtesy: USDA

Communities Around South Dakota Provide Summer Meals for All Children

This summer, communities across South Dakota will be serving free meals to children, to ensure good nutrition and growth. The USDA Summer Meals Programs works with the South Dakota Department of Education, Child and Adult Nutrition Services office to make sure that when school lets out children are well-nourished throughout the summer.

A pen and calculator sitting next to an accounting binder.

Bookwork, The Missing Management Component: Consistency of Financial Records

Consistent record keeping will allow for accurate ratios and trend analysis. While operations will change, grow, or contract, having a standard operating procedure will allow for analysis and decision-making.

A male with three female farm administrators reviewing a binder of financial records. Courtesy: USDA

Bookwork, The Missing Management Component: Balance Sheet Valuations

The financial crash of the 1980’s has been attributed to changes in producer’s balance sheets, due to a decline in land prices. After this time, a two-column balance sheet was developed to help prevent that type of balance sheet collapse from occurring in the future.

Farmer sitting inside the cab of a green tractor parked inside a machine shed.

Bookwork, The Missing Management Component: Depreciation Determination and Use

Another component of determining net income is depreciation. This is one component of the Schedule F that many understand the least. Typically, the most use it gets is to minimize income tax through accelerated tax depreciation under section 179.