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thThe first was a misrepresentation and the other a lie of omission. Since May 12 I’ve been on the East Coast, but I couldn’t tell my dad or my readers. To do so would have ruined the surprise 80th birthday party we’d planned.

When he recently asked if I’d be coming back East any time soon, I prevaricated. Since he reads my blog and follows me on Facebook, I couldn’t suggest meet-ups with Surviving & Thriving readers in Manhattan or South Jersey. What, and ruin the surprise?

And it was a surprise, especially since his 80th natal day took place back in March.

 


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th-2Dear Members of the Class of 2016,

You’ve gotten that diploma and landed a job – maybe even your dream job. Now that your career has officially begun, it’s time to think about how it will end.

Even though the ink is barely dry on your new business cards, you need to focus on retirement – specifically, on the need to save for it either through the workplace or on your own. Retirement is decades away but your new best friend, compound interest, is here right now.

Some financial experts say you need $1 million or more for your old age. The median starting salary for the class of 2014 was $45,478, according to the National Association of Colleges and Employers.

Your mileage may vary, of course. If you majored in something like early childhood education, music or communications your paycheck is more likely to be in the $31,500 to $39,800 range. Or maybe you haven’t landed the right job just yet and are making do with retail or other gigs.

Scary, huh? But you have a secret weapon: Time.

 


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thWant a free ticket to the Philadelphia Museum of Art, the Museum of Art and Design, the Contemporary Jewish Museum or the Pennsylvania Academy of the Fine Arts?

You might have that ticket already, if you use a Bank of America/Merrill Lynch credit or debit card, or any card with the BofA logo. The Museums On Us program means gratis admission to 150 museums in 33 states and the District of Columbia.

Bring along that bank card and a photo ID and you’ll get in without paying on the first full weekend each month. Usually that’s Saturday-only, but not always. This year the first full weekend happens to coincide with Mother’s Day. If mom has a card, she’s in; if you have a card but she doesn’t, you’ll wind up paying for one instead of two.

The word “museums” may connote the fine arts. But old still-lifes aren’t the only things that you can see for free.

 


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thSome very interesting reader comments appeared on my April 6 post, especially as regards grown sons and daughters who expect help with down payments and furnishings.

“Just got an email from my stepson who wants us to co-sign on an FHA home loan because they don’t have enough income to qualify for the loan,” wrote Kandace.

She hasn’t said “no” yet, but she will. But she knows that won’t be the end of it.

“Then they will likely want us to co-sign on an apartment, but I’m not comfortable with that either. I’m thinking about what I would be willing to give – or lose – financially. It will probably be an amount that helps get them (he, his wife and their two kids), into an apartment. But no co-signing for me.”

Not everyone was able to make that kind of call – at least initially.

 


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thGreetings from Phoenix, where I’ve spent a lot of time editing the manuscript for my daughter’s upcoming e-book. The working title is “Frugality for Depressives,” and it’s designed to help people who experience depression figure out which money hacks will work and which won’t.

Fact is, not all tactics work for all people even if they aren’t depressive. Some folks are never going to soak beans, do online surveys or wash Ziploc bags.

“Frugality for Depressives” looks at money-saving tips in terms of common depressive symptoms and also suggests workarounds so that these tips could be used in at least some form.

As Abby knows from painful personal experience, depression and other mental illnesses make it hard to live on a budget. These diseases can also affect a person’s ability to earn, which means frugality isn’t just a lifestyle choice – it’s a survival mechanism.

The e-book should be out within the next four to six weeks. To my knowledge no one has written anything like it before. I believe the book will be a huge asset to those who can’t frugal* the way everyone else does but who still want to save money.

It’s been great (if time-consuming fun) and of course a writer always likes to see her offspring write great stuff. This is especially true if it keeps said writer from having to work on her own book.

 


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