Who can save for retirement these days? You can, if you know where to look and honestly assess what you can live without.
Recently I had fun with some of my undergraduate students. I asked my entire class to make a list of the wants (not needs) on which they frequently spend money. Answers varied from smartphones, cable and satellite TV, coffee shops and beverages (I didn’t press them on specifics on that one) to such grooming costs as hair coloring, pedicures and the like.
Here are my students’ average monthly expenses: