Prompt Cast
Living on a Tight Budget: Strategies for Surviving Below the Poverty Line
TLDR Despite living below the poverty line, it is possible to survive on very little money by finding cheap housing, clipping coupons, shopping at discount stores, cooking at home, and bringing your own lunch to work. However, this formula does not take into account the additional expenses of modern life such as car loans, cable TV, wireless internet, and cell phones.
Timestamped Summary
00:00
Times are tough and the speaker is broke, living on negative $254 a month, but has learned to survive on gas, beer, and cigarettes without eating much.
04:01
You can live on very little money, even below the poverty line, as long as you are able to find cheap housing and food.
07:28
The poverty line is determined by multiplying the estimated annual cost of a healthy diet in America by three, based on a 1955 USDA report that said Americans spend about one third of their income on food, but this formula does not take into account the additional expenses of modern life such as car loans, cable TV, wireless internet, and cell phones.
10:25
To live on the least amount of money, some strategies include clipping coupons, shopping at discount stores, and taking advantage of outlet stores or flawed clothing.
13:36
Clipping coupons and buying generic brands, such as Kroger, can help save money on groceries.
16:43
Cooking at home is cheaper and healthier than eating out, and bringing your own lunch to work can save you about $960 a year.
19:51
Saving money is important and it's good that more people are becoming savers, and hopefully the current recession will lead to positive changes in the long run.
23:03
The hosts discuss a listener's strange medical symptoms and urge him to see a neurologist.
Categories:
Society & Culture
