How much money does a person or a family need to live? Josh and Chuck are curious to find out, too. Tune in to this podcast from HowStuffWorks.com to discover how needs, wants and peer pressure affect the amount of money we need to live.
# Summary
Josh and Chuck dive into practical strategies for stretching your dollar during tough economic times, exploring everything from the government's poverty threshold calculations to everyday money-saving tips like clipping coupons and cooking at home. They discuss how the outdated poverty formula from the 1960s doesn't account for modern necessities like cell phones and internet, while also examining the tricky balance between genuine needs and relative needs in today's economy. The guys share personal stories about frugality, celebrate the value of smart shopping, and wrap up with a listener email about a mysterious medical condition that sounds absolutely worth getting checked out by a professional.
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