One of the biggest factors is being flexible with your spending. You need to have some splurges and some time where you make a harder choice of not doing something. I’ve found that if you go out to eat all the time, or travel all the time, it becomes less exciting and more mundane. I didn’t enjoy it as much as when it was the exception.
Thank for the specific information, like recommending Aldi’s and Kindred. One resource for seniors may be their local senior center. Ours has meals on wheels, low cost lunches, food distribution, free medical equipment library, as well as classes and social opportunities. Love your work. Thank you so much!
I do the same thing. When the pandemic hit I saw the massive food pantry car lines, and it frightened me. Im often stuffing sale and clearance stuff away.
Remember that when you have your groceries delivered, you won't be able to take advantage of what is on sale that week, or see what they have placed on the clearance shelves. I'm glad you mentioned Aldi, because I was about ready to complain about sending people on a budget to Whole Foods.
Some of the stores will give you the discount on the app. But great point! I’m obsessive on price and have a weird brain for remembering store prices and with the exception of ALDIs and *sometimes* Trader Joe’s the Whole Foods store brand prices are the most competitive out there - at least when you consider taste and qualify.
17:42 My parents have always had 2 vehicles since at least the early 70's, now my mom is legally blind and my dad is keeping two cars as tradition..... Yes, he will have one if the other breaks down, but he could rent a car while his is being repaired just as easily.
Can you make a series of videos about life insurance with the following topics: how dividend works? Who life insurance works for retirement? Which mutual company is good to buy insurance? I hope you take my suggestion thanks
16:21 Another large cost item is full coverage vs liability only..... If your car is 10+ years old, how much will they actually give you if you have damage? Or as in my case, a driver gets a slight funder bender, do you turn it in and have your rates jacked, or pay out of pocket? If out of pocket or a low amount before they deem your vehicle as "Totaled" then why should you be paying for the premium coverage??
2:09 How does the government think it's fair to use one of the major factors in figuring COL increases as being the cost of housing? By the time that most people get to 65+ and actually retire, they have paid off their mortgage and as such, that really doesn't calculate. Now the government tells seniors that the cost of housing has went down, and you don't need an increase. At best, this should be a weighted scale with items like this being figured as only applying to the 20% of elderly that would still be paying. It also should not be figured in for housing over $300k as these houses are for status more than subsistence.
Very interested here too. I am actually 60 and just retired. We still have a college age daughter (freshman) so need insurance for a family, for at least another 3 1/2 years, probably all the way to 24ish until after grad school. We are on COBRA because my last employer had a really great plan. Problem is it’s super expensive, like $2500/month. We looked into the Covered CA marketplace but with our income it was no cheaper. That is our second biggest expense behind NorCal rent.
i m in LA as well, if I can work remotely, I would prefer it, then only my wife needs to drive for her job. Since we only have one car and we're both freelancers, if I get a job and she gets a job, I would need to rent one (should the employer requires me to work in the office). Do you think this app Turo that you mentioned is good for renting a car by the month? Or buying a second car would be cheaper? (probably not). Thank you for your videos
What are ways you reduce spending? Also, here’s the Kindred link I promised: You're invited to apply for early access to Kindred, a members-only home swapping network! Use my code to get 5 free nights once you're accepted: www.livekindred.com?invite_code=kev.lum
