Even during “Fat-City” economic times, the age-old tradition of penny pinching never goes out of style.
And while the hardest of hardcore frugality may not be everyone’s cup of tea, there’s no question that everyone loves to get a good deal.
After all, why pay full price when you know someone who knows someone who knows someone? (Admittedly, that route can be a bit challenging, even time consuming.)
But here’s an easy way to get the very most Bang for your Buck.
Even though modern society has homogenized many if not most of the products and services we all see and use, there’s still a great deal of variance when it comes to how far $100 will stretch across the US.
Some states – for reasons of cost of housing, utilities, regulations, and taxes – are simply more or less expensive.
For example, according to CNBC, the MOST expensive place to live in the union –where $100 in cash provides a measly $84.39 worth of value – is Hawaii. (Paradise doesn’t come cheap.)
Right on its heels appear New York ($86.36), California ($87.11), and New Jersey ($88.57).
On the other end of the scale, the three states where that Benjamin goes the farthest are Alabama ($115.34), Arkansas ($115.61), and Mississippi ($116.69).
Now squeezing nickels until they weep may not be your thing – and it’s possible you like where you live, costly as it may well be.
In that case, the right move is to make sure you’ve done a solid job putting your financial foundation in place – with a budget that works and a portfolio plan that sets you up for the future. We’re here to help make that happen. Give us a call at 513-563-PLAN (7526)or book online to make sure that no matter where you lay your head, it’s just right for you.
Dan Cuprill, CFP®