Stretching Your Dollar: What to do When the "Ends" Don't Meet

Host:  Mindy McCulley, MS Extension Specialist for Instructional Support, Family and Consumer Sciences Extension, University of Kentucky

Guest: Nichole Huff, PhD Assistant Extension Professor for Family Finance and Resource Management

Season 7, Episode 36

In this episode of MoneyWi$e on Talking FACS, host Mindy is joined by Dr. Nichole Huff, Assistant Extension Professor for Family Finance and Resource Management, to explore practical strategies for overcoming financial challenges faced by many today.

Dr. Huff sheds light on the shifting dynamics of income distribution in the U.S., noting the growing difficulty in keeping pace with rising expenses despite increased income levels. The conversation delves into the fundamental budget-balancing choices: increasing income or reducing expenses, and emphasizes the practicality of cutting expenses. From analyzing discretionary spending to managing fixed costs, listeners are equipped with actionable tips to identify and implement savings.

This episode highlights innovative approaches for reducing variable expenses, such as utilities, and emphasizes the importance of prioritizing essential needs. With insights from past generations on living sustainably and saving creatively, Dr. Huff encourages listeners to adopt budget-friendly habits that align with modern economic realities. Tune in to discover how small savings can lead to significant financial relief and learn ways to become money-wise in today's challenging economic landscape.

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