I would find and fix the power steering leak. These cars are notorious for the power steering pump leaking and taking out the alternator, thus compounding your expense to fix it. This happened to the previous owner of my '91 LS and also to another friend's '90 LS.
Before you replace the pump, I would check the fittings on the pressure side hose first. They are a metal to rubber connection and might leak with the age of the car. I believe you can buy this hose for about $120 online.
Another problem with waiting on repairing the power steering leak is that if the leak is increasing, the leak point is getting bigger. Beside the possibility of a complete failure, there is also the possibility that contaminates are getting into the system more easily. If you get moisture and dirt in the rack, it can force the need to replace the whole system, obviously $$$.
Spend the time to get your car in the air and find the leak. If it is an easy fix (ie hose), do it and avoid the hassle of explaining the leak when you try to sell the car. If the problem turns out to be more than you want to fix, you know to sell the car to someone before it gets worse and forces you to repair it.