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February 04, 2008


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I hate to be a smart "donkey" but I have to point out that the median income in 1984, when she retired, was $22,415 according to the US Census Bureau. "At her peak" implies that she was making $25k sometime before 1984 which would put her above the median.

When telling PF morality tales from history, inflation can certainly lessen the magnitude of the feat.

This kind of thing has been debated before in the PF blogs, but there is a difference between cheap and frugal.

I'm not necessarily commenting on the linked story, but if you're "saving" money by not taking care of your possessions, then you're not doing yourself any favors. I suppose as you get older you may think that it is someone else's problem when you die, but again if you're going to leave a few $100k to your heirs and a few $100k of repairs on your house/car/etc., then it's a wash.

Ultimately you're going to save more money by getting good deals and taking care of your possessions, which may not necessarily be the same thing as spending the smallest amount of pennies on your stuff.

Also, we don't know how much her husband earned when he was alive. We don't know how much her home is worth, but given its general location (Northeast Portland), it is probably worth in the neighborhood of $200K, and almost certainly at least $150K.

It is also likely that she did not incur any extraordinary medical expenses.

An extended illness or chronic condition can ruin you financially, no matter how frugal you are.,

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