The personal finance expert weighed in on whether taking on a certain car payment and paying for a trip were a good idea, while also giving out saving advice for the summer.
The second caller was a 46-year-old woman who wants to take a year off from work to travel on a budget of $40,000.
Orman approved her trip as smart planning, although she did remind the woman that $40,000 now is half a million dollars in 30 years if she had put it into retirement planning. "One thing you can do really is to spend less and save more," she said."To remember how it was when you weren't going out to eat during the Covid times and that you weren't spending money just driving around.
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