Money Talk With Slater

Making Money Across the Board

Monthly archives "April 2018"

How to Live Frugal in College

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College life is full of huge fees, like the tuition – that it’s easy to not remember that saving a couple of dollars each

Budgeting during college is critical

day can truly add up and reduce the cost of going to college. Here are some easy habits and the money you can save.

  1. Use free transportation options for students like shuttle buses. This includes free buses on your campus or free buses that run between campuses in your area.  If you use them, you won’t need To have to take cabs, pay for public transportation, or have a car. Results? You could save hundreds of dollars or more each month.
  2. Make your own darn coffee. Do the math. If you spend $4.00 or more a day on coffee house coffee , that can add up to over $120 a month and almost $1,000 each academic year.
  3. Cook your own meals for savings even greater than those in #2. Moreover, pick a dorm that is within walking distance of a low-cost grocery store. There is no better source of good food that fits a student budget.
  4. Share textbooks with other students in your class. With the cost of textbooks climbing over $200, you can save over $1,000 a year with this easy strategy.
  5. Get a work/study job on campus. Many job, like working the check-in desk at the gym or the student health center lets you study while you earn an income. Over the course of a school year, those dollars truly add up.
  6. Find affordable off-campus housing, after matching the costs to college dormitories. Also, consider signing up for reduced meal plans that provide a limited number of meals a week in college dining halls. Remember that the bagel that you put in your pocket at breakfast could become your lunch, giving you two meals for the price of one.

Affordable Places to Retire

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You’ve most likely have been dreaming about retirement since the day you began working. But will your budget let you make those dreams a reality? It has a better opportunity if you choose an affordable retirement destination.

To detect some of the cheapest places in the U.S. where you will really want to retire, we tried to pick a good place to retire in each state. We based our choices on factors crucial to retirees like safety, taxes, health care, cost of living, and lifestyle. Here are the appealing places left that really cheap for retirement. Decide for yourself if any of these destinations could be where you live out your American dreams.

Montgomery, AL

Annual expenditures: $37,000

Akron, OH

Annual expenditures: $36,000

Cleveland, OH

Annual expenditures: $36,000

Augusta, GA

Annual expenditures: $36,000

Brownsville, TX

Annual expenditures: $35,000

Toledo, OH

Annual expenditures: $35,000

Memphis, TN

Annual expenditures: $34,000

Jackson, MS

Annual expenditures: $34,000

Other Cities for Retirement

  • Winchester, VA
  • Portland, ME
  • Gainesville, GA
  • Wenatchee, WA
  • Tulsa, OK
  • Cheyenne, WY
  • Columbus, IN
  • Ithaca, NY
  • Harrisburg, PA
  • Midland, TX

 

If money doesn’t matter, there’d be lots of incredible places to spend your retirement. An all-glass contemporary on the Malibu beach, a small winery in Napa Valley. A house in Paris.

But money really does matter. Even as the financial markets gets out of its recession, many of us are redefining what our “dream” retirement is going to look like.

Absolutely, Honolulu has well-priced pineapples and beaches. But not many of us can afford its average home price of over a half million dollars. Chicago has lake views and first-class dining, though its way over the top, extremely high percent sales tax can put those niceties out of reach. Then again, not many retirees want to relocate, even if it is cheap, to a one-stoplight town either.