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Four steps to improving your finances in 2016

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ST. LOUIS, MO (KTVI) - If one of your new year's resolutions is to pay off debt or save more money, you're not alone. A recent survey shows an estimated 29 percent of people will be making financial stability a priority in 2016.

Peter Lazaroff, wealth manager at Plancorp, discusses his four steps you can take to improve your financial situation in the new year.

Four steps to improving your finances in 2016:

1. Increase your savings rate
2. Track your spending
3. Automate your finances
4. Set clear financial goals and take steps to achieve them