This is Motley Fool Answers. I'm Alison Southwick, joined as always by Robert. I didn't have time to

brainstorm a different name for you, BroCamp, personal finance expert here at the Motley Fool.

Sorry, bro, I let you down. That's all right. I'm perfectly happy with my regular name, so I'm

fine with it. Thank you very much. Are you?

Really?

This week we talk about how it's expensive to be poor,

and Brod talks to Roger Young of T. Roe Price about their guidelines

for determining whether you're saving enough for retirement.

And we'll answer a question from a listener who wants to help her sister save for retirement.

Best sister ever.

All that and more on this week's episode of Motleyful Answers. They say it takes money to make money.

It's true. And it's also true that it costs money when you don't have money. Or a better way to put it,

it's expensive to be poor. This is true of a lot of things.

Food is more expensive when you don't have a local grocery store or can't afford to buy in bulk.

I mean, who wants to carry a 10-gallon jug of pickles on the subway?

Not me.

Housing is more expensive when you have to stay in a motel because you can't afford a security deposit to rent an apartment.

And many other random little things add up, like how it costs more over time to do your laundry

at a laundromat when you can't afford a washer and dryer. But today, we're just going to focus

on banking and how it is more expensive to manage your money when you don't have a lot of it.

While cashing your paycheck and paying your bills is pretty tedious for most of us,

it's actually a challenge for those who are poor or lack stable income.

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