“You have to be smart to be [both] poor and a very good money manager to handle such a small amount of money well,” says Mike Sullivan, a personal finance consultant. Let’s be real, when it comes to balancing minimum wage earnings with life’s priorities, it may seem like there ...
Orshansky found a 1955 USDA survey that showed the average American family spent one-third of its after-tax income on food. Based on that, she estimated the smallest amount a family could live on would be three times the amount they needed to feed themselves on the most frugal diet possibl...