Money tips: How to take control of your financial life

DETROIT – Roughly 80 percent of Americans live paycheck-to-paycheck.

If you’re looking to take control of your financial life in the New Year, Rod Meloni has some tips to get you on the right track.

Watch the video above for the full report.

More money tips:

• Think small when it comes to making a financial New Year’s resolution
• Tips for managing your money heading into the New Year