Back to regular view     Print this page

Subscribe   •   EasyPay   •   e-paper
Reader Rewards   •   Customer Service

Weather: FLAKING OUT
Become a member of our community!

Business blogs
Business links
Business
Columnists
 


AddThis Social Bookmark Button

Personal Finance
Print Article Email Article Share / Bookmark


suntimes.com

Search Classifieds

View Subcategories

Start Building

I want to start
creating my ad right away.

Start Building

Register

I'd like to set up my account first, then create an ad.

Register

Login

I've already registered, and I'm ready to place an ad.

Login

Contests & Sweepstakes

Check out our contests & sweepstakes and find out how to enter for a chance to win great prizes!







TOP STORIES ::
3.8 earthquake 'rattles people awake' in suburbs

Sibling discord rattles foundation of family

Hawks, Wolves trigger hockey revival in Chicago

'Idol's' Judge Jokey: Day 1

Get a grip: Tips on putting the squeeze on stressors







A 'Depression Era kid' watches every penny

'OLD SCHOOL' | Using discount grocers, eating less meat

July 8, 2008

Eighty-four-year-old Chicagoan Bea Waltz is "old school," when it comes to her approach to making ends meet.

"I was a Depression Era kid," says Waltz, who relies on Social Security income and her deceased husband's pension.

Growing up during those tough times, "you learn to really watch every penny you've got."

"Years ago before credit cards and checking accounts, etc., every homemaker kept a very strict budget on all items of spending," she shared. "When we approached the limits we allowed, we stopped the spending."

Waltz, who said she benefited from a home economics course she took years ago, added that frugal attitude helped her raise three kids and is helping her make ends meet today as food and medical costs rise.

Waltz, who suffers from hypertension, arthritis and high cholesterol, takes four mediations. Her supplemental insurance to Medicare goes up every year, she said.

"I can't understand why the health costs are what they are today," she said. "This is what bothers me very much. I'm looking over all the years from the time I married. My first child cost me $100, and now its thousands today. I recall the first time I was in the hospital having a baby, my room was $7.50 a day. Costs are just way out of line from what I've seen."

Waltz is temporarily sharing her Dunning neighborhood condo with one of her sons, who works at Home Depot; his wife, who is a stay-at-home mom; and a 19-month-old grandchild. She said to help make ends meet, when her son shops for groceries, he opts for discount grocery stores, like Aldi or Super Low.

She said she's found these "stock-up stores" can have 40 percent to 50 percent off your food budget."

She added the family is eating less meat.

"We plan our meals a little differently," she said.

What are you doing to make ends meet? Write to psmith@suntimes.com.

How Chicagoans are coping in a rough economy
  • Car sharing avoids agony at the pump
  • Food, gas costs force lifestyle changes
  • Chatham woman rings up almost $300 in savings
  • Price check on walk down aisle
  • Fillups now a thing of the past
  • Double dose, half cost
  • Bikes save a wad of cash
  • How Beth cuts her grocery bill in half
  • Couple cut food budget by $100
  • Shopper finds bargains, coupons on most items
  • Riding a scooter saves more than just on gas
  • Cable's out, walking's in
  • College student learning to scrimp
  • Retiree takes a hike to fight rising price of gas
  • Her plan: free meals, free wheels
  • How to have a fun wedding for under $5K
  • 'Thrill of the hunt' at thrift stores
  • Pets, plants help her cut monthly bills
  • Vanpool cuts gas costs by $100 a week
  • Couple looks for second jobs
  • Cigarettes are out, vegetable garden is in
  • She likes service, savings at low-cost dry cleaner
  • Salon owner trims budget
  • Woman shares how to save $6,500 a year
  • Using plastic wisely saves woman dough
  • SUV for transit a $400-a-month trade
  • Family cuts laundry, food bill
  • Saving $150 a month by running car on used veggie oil
  • Temp worker brings her own lunch
  • How I feed 5 for only $65 a week!
  • Shopping more to spend less
  • Mom saves money by attending free, family activities
  • Restaurant's deliveries go green to save green
  • Mom holds the line on cell phone usage
  • Low-cost lunches can taste great, be healthy
  • Take these saving tips to the bank
  • Mom: If it's too hot without a/c 'go outside and sleep'
  • North sider hopes to save with Mint(.com)
  • One-car family gets by just fine
  • Airtight way to save money
  • Gift cards, 8-lb. bag take bite out of Starbucks tab
  • Community college smart way to save
  • Used bike shops offer wheels at a steal
  • Coupon maven draws bargain-hunting crowd
  • She saves $35,000 a year
  • Vegetarian mom saves money on food
  • Planning ahead helps mother of 4 save money
  • Rent out your parking space
  • A 'Depression Era kid' watches every penny
  • Early Christmas shopping helps mom save
  • Keeping a lid on spending
  • No-car days, pricing plan help save money
  • 2 upcoming weddings, so budget's really tight
  • Newlyweds save by skipping phone, internet
  • Free lunch helps ease budget crunch
  • Telecommuter saves by phoning it in
  • Living within her means has paid off big-time