Podcast: Surviving on a Teacher's Salary

November 19, 2008 RSS Feed Print
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For this week's Alpha Consumer Podcast, I interviewed Danny Kofke, author of How to Survive (and Perhaps Thrive) on a Teachers Salary. The concept appealed to me because so many people—including nonteachers—are trying to get by on less right now. Kofke's strategy includes saving up money in advance before big purchases. Before he and his wife purchased their first home, for example, they set aside money each month for years. The same goes for televisions.

Surviving on a Teacher's Salary

Kofke also says no to things he can't afford, including things he'd like to buy, such as dance lessons for his young daughter. Part of his approach involves passing on the lessons of frugality and thrift to his kids.

You can also pick up the Alpha Consumer Tip of the Week on battling shopping addictions, which get worse around the holidays. The top suggestion: Ask friends for help, even it means admitting to some embarrassing behavior.

Tags:
teachers,
personal finance,
salaries

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Knock, Knock, Knock!! Retail, secretaries, and unskilled laborers doesn't require a BS or BA that comes with at least a 40k price tag!!!!

Teresa of NC 9:12AM September 06, 2012

I listened to this podcast and rally enjoyed it. I like the savings/spending plan and am going to attempt to use it.

Lynn of MO 8:52AM October 13, 2011

Bachelors Degree, 30,000 atleast. Masters Degree 15,000 atleast. How many retail, Secretarial or Manual Unskilled labor have that kind of debt in order to achieve their profession. People want their kids to have these high levele professionals teaching their children but want to pay them like a low level associate degree graduate. It's amazing that only in America are Teachers looked upon as coddled in every other country in the world teaching is considered the most noble and professonally respected profession out their. It's really too bad that many of in this country don't share the same attitude. Plus I'd like to see how many more days an unskilled and secretarial positions work each year. Take 2 days off per week thats 104 days off so already were at 261, take your vacation/ sick days lets go low and say ten your down to 151. Teachers work a minimum of 180 days a year. So at tops you work maybe a month or two more.That's not even including holidays such as christmas, Thanksgiving and any other holidays that those employees mentioned get off too. Also our districts give us no fringe benefits like paid cell phones, or a work car, or the ability to work from home, or just a nice relaxed day where were switching jobs. I know I am very lucky to be a teacher but for people like Jenn of Fl to trash the profession and have the idea to say teachers salaries are very generous had better look at the real facts. No other profession in the world with this level of education gets paid as low a rate as teaching and that is a fact. Are we Poor no but do times get tough on this salary for sure..... Have a little common sense

Ed Orman of NY 11:25AM March 05, 2009

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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