In addition to sticking to a strict budget of $35, Chobat implemented some ground rules: “I only shop at one Dollar Tree on one given day, and the only things I can use from home are oil, salt and pepper.” “Plus, $35 equals out to about $5 a day, and I still feel like that’s a relatively reasonable price to feed a single individual.” “I did a similar string of videos last month, but that time I spent $27.50 and this time I’m spending $35 - this way I have more wiggle room to incorporate more snacks, as that’s what I missed most last time,” she said. In her TikTok video, Chobat said that she has actually shopped for a week’s worth of groceries at Dollar Tree for less than $35, but found the smaller budget a bit limiting. TikToker Rebecca Chobat, who goes by on the social media platform, shares how she personally shops for a week’s worth of groceries at Dollar Tree for just $35. See: How To Build Your Savings From Scratch Tip: Don’t Buy Groceries on These Days of the Week And if you currently are not shopping for groceries at a dollar store, you could be missing out on big savings. To cut down on costs, you may need to get a little savvier with how and where you shop. The accuracy of information on those sites cannot be confirmed.Īll social media platforms are managed by the State of Michigan.Inflation is making it harder for Americans to afford everyday essentials, including groceries. Neither the Program nor TFI and its affiliates are responsible for the content of those other web sites. The Program web site contains links to other web sites. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Michigan Education Savings Program. The Michigan Education Savings Program is offered by the State of Michigan. If the funds aren’t used for qualified higher education expenses, a federal 10% penalty tax on earnings (as well as federal and state income taxes) may apply. Investments in the plan are neither insured nor guaranteed and there is the risk of investment loss. You should also consult your legal or tax professional for tax advice based on your own circumstances. Please Note: Before you invest, consider whether your or the beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state's qualified tuition program. Read and consider it carefully before investing. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions.įor more information about the Michigan Education Savings Program (MESP), call 1-87 or review the Program Description which includes investment objectives, risks, charges, expenses, and other important information. A Morningstar Analyst Rating for a 529 college savings plan is not a credit or risk rating. Past performance does not predict future results. compensates Morningstar for the ability to quote these ratings in public communications. For more information about Morningstar’s overview of the Michigan Education Savings Program, go to. The four key pillars used by Morningstar to evaluate 529 college savings plans include – Process, People, Parent, and Price. These plans offer investment options that Morningstar expects will collectively outperform and exhibit some combination of the following attractive features: a well-researched asset-allocation approach, a robust process for selecting underlying investments, a well-resourced and experienced investment management team, strong, stable and engaged oversight from the state and low fees. In an annual review () of the largest 529 college savings plans (54 plans representing 93% of 529 assets), Morningstar identified 34 plans that rose above their typical peers, awarding those plans Gold, Silver, and Bronze Morningstar Analyst Ratings for 2022.The Michigan Education Savings Program average annual asset-based fees are 0.10% for all portfolios compared to 0.51% for all 529 plans. 3Source: ISS Market Intelligence 529 College Savings Fee Analysis Q3 2022.2If the funds aren’t used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.1Michigan taxpayers can reduce their state taxable income up to $10,000 if married filing jointly ($5,000 filing single), from contributions made into a Michigan Education Savings Program.
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