expenses

Tools to Shore Up Retirement Savings

Posted on 01/23/2014 by | Money and Work | Comments

Money & SavingsThe road to retirement may seem uncomfortably short, particularly if you’re in your 50s and haven’t saved much. The latest Federal Reserve data shows that households with people ages 55 to 64 have accumulated a median $120,000 in retirement savings. That amounts to about $400 to $500 a month in income, according to a CNBC report, on top of the average monthly Social Security benefit of $1,294. If you’re 10 to 15 years out from your projected retirement date, it’s …

Free Advice for Job Seekers

Posted on 11/26/2013 by | Money and Work | Comments

Bulletin Today | WorkA big job placement firm is offering job seekers, and workers who want to transition into another position, free call-in advice in December. >> Sign up for the AARP Health Newsletter John Challenger, CEO at Challenger, Gray & Christmas, says job counselors will offer strategies to help people become more effective in their search. It’s happening on Dec. 26 and 27, from 9 a.m. to 5 p.m. Central time (phone number 312-422-5010). More information about the annual call-in is available at …

5 Tips to Curb Holiday Travel Costs

Posted on 11/18/2013 by | The Ultimate Cheapskate | Comments

Money & SavingsHoliday travel these days is a Santa-sized hassle and it can be a real budget buster as well. To curb your travel expenses, consider these tips: Leave your wheels parked at home. Since most rental cars nowadays come with competitive rates and unlimited free miles, it may pay to rent a car — and prolong the life expectancy of your own wheels. You might also be able to save on gas costs by renting a more fuel efficient car than …

High Utility Expenditures a Concern for Older Consumers

Posted on 11/18/2013 by | AARP Blog Author | Comments

Money & Savings | Public Policy InstituteOverall utility expenditures declined from 2011 to 2012, but older consumers remain at risk. A recently released AARP Public Policy Institute analysis of 2012 Consumer Expenditure Survey data finds that utility expenditures as a percentage of average annual expenditures are highest for consumers age 50 or older. The report also notes that as household income decreases, utility expenditures become a greater percentage of average annual expenditures for all age groups. Utility spending by older consumers varies by not only age and …

Holiday Shopping: Will You Spend Less?

Posted on 11/12/2013 by | The Ultimate Cheapskate | Comments

Money & SavingsThis could very well be the year when the Grinch steals Christmas, at least in terms of the gift-giving intentions of some adults. According to a new poll from the personal finance website GoBankingRates.com, 40 percent of some 1,500 survey respondents say they won’t be buying any holiday gifts this year. Blame the economy and the shaky finances of many Americans. The holidays only add to their stress and here’s why: 63 percent of those polled admit they haven’t set …

Wave Goodbye to $3 Gasoline

Posted on 07/18/2013 by | Washington Watch | Comments

Bulletin Today | Money & SavingsFirst the bad news: Gasoline prices are at a summertime high. Now the really bad news: Sometime soon we might look back on these as the good old days. AAA’s Chris Plaushin, testifying on July 16 before the Senate Energy and Natural Resources Committee, said prices may never go below $3 a gallon again. The next day, prices inched up to an average of $3.66 a gallon for regular unleaded, according to Michael Green, who tracks prices for AAA. That’s …