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Entries in Household (2)

Monday
Jun272011

Report: Two Might Not Always Live More Cheaply than One

Brand X Pictures/Thinkstock(NEW YORK) -- It's a growing trend. The number of couples co-habitating has risen 13 percent in the past year, to include 7.5 million couples. But a new study suggests, combining households doesn't always save people money.  
 
A review of census data by the Pew Research Center finds household income for co-habitants without college degrees is about the same as those who live alone.  

Living together does pay off for college-educated co-habitants, whose household incomes are about $15,000 higher than those who don't live with partners, and $5,000 more than married couples.  

Scientists say the less-educated tend to marry younger, possibly divorce sooner and are more likely to be left with children, while degree holders are often two-income earners.

Copyright 2011 ABC News Radio

Monday
Mar142011

How to Rebudget Your Household in the Face of Soaring Gas Prices

Stockbyte/Thinkstock(NEW YORK) -- Gas prices hit a high of $3.52 a gallon in the latest weekly survey, and that has a ripple effect on our budgets. Not only do we end up spending more on gasoline, but those who use their cars to save money on other things -- namely groceries -- suffer twice. Many people are in the habit of making runs to multiple grocery, big box and drug stores to take advantage of the best deals. With gas prices surging, it's time for at least a temporary change in tactics.

For advice on how to recalibrate, ABC News turned to grocery guru Chrissy Pate of savings website BeCentsAble.net. Chrissy is also co-author with Kristin McKee of Be CentsAble, How to Cut Your Household Budget In Half.

Here are Chrissy's tips for the thorny gas/grocery conundrum:

Shop one store.

Shop at only one store or a cluster of stores close by. Use price matching to get all the hot deals in one store without running around town. Price matching simply means shopping at a store that offers to match competitors' prices. Typically you provide store circulars from the rival stores as proof of the low prices. It helps to put all your price match items in one area of your cart, so they're easy to present to the checker.

Shop when you are already out.

Put your grocery list in your car and stop by stores that you are passing when you are already out and about. This works best for nonperishables, of course, but I can remember a time when my mom used to tote a cooler around in her car to keep milk and other things cold a bit longer when running other errands.

Shop less frequently.

For example, you could shop for 10 days' worth of food instead of seven. It helps to plan your menus and create a list from there so that you don't have to make extra runs to the store because you forgot something. Be extra conscious of expiration dates on your dairy and meat products. Or plan to freeze them -- you can even freeze milk and cheese. If needed, use canned or frozen produce to help you squeak through the last couple of days before you get back to the store. Buying in bulk is another way to avoid shopping too often.

Shop at home.

If you live in an area where your local grocery store offers delivery, do the math and see if the delivery fee is now worth it since gas prices have gone up. Alternatively, Amazon.com now sells all sorts of groceries. "They run 'hot' deals," Chrissy told ABC News. "I got Horizon Organic Milk for $.78 for 8-ounce cartons when it is regularly $1.38." Chrissy's final insider tip: Use Amazon's subscribe-and-save service to get free shipping and 15 percent off. You can always cancel if gas prices go down.

Copyright 2011 ABC News Radio







ABC News Radio