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Why it’s Frugal to Live in Alaska

image from US Mint This is part two of a series here at Ultimate Money Blog. I’m going to be featuring fun money facts about all 50 states in America and why it is frugal to live in that particular state. Here are the states we’ve covered so far: -Alabama Ahh, Alaska.  When I picture Alaska, I see running streams, fishing towns, bears, flying salmon, and cute little cabins.  I can smell the fresh, clean air.  Alaska is a state I’d love to spend some time in.  What makes living in Alaska frugal?  Let’s find out. Economy photo credit: njwilson23 Alaska’s economy heavily relies on its natural resources. Prudhoe Bay, which is North America’s largest oil field, resides on Alaska’s North Slope.  The state ranks number one in oil production. After oil, Alaska’s second highest export is seafood, unsurprisingly. They export salmon, crab, Pollock, and cod. Many people who live in Alaska hunt and fish.  They have access to organic, free range moose and bears, and that helps cut down on their grocery budget.  Alaskans also consume a lot of […]

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Why it’s Frugal to Live in Alabama

image from US Mint This is part one of a new series here at Ultimate Money Blog. I’m going to be featuring fun money facts about all 50 states in America and why it is frugal to live in that particular state. What do you picture when you hear about the state of Alabama? Is it banjos, warm weather, and the ocean? There’s more to Alabama than that! Alabama is a great place to live for frugal people for many reasons. Economy Alabama’s economy heavily relies on agriculture. They produce cattle, poultry, eggs, corn, sorghum, grains, and peaches. Cotton is one of the main crops, and Alabama is also known as “The Cotton State”. Their industrial economy produces steel, iron, paper, lumber, and even some aerospace products. Taxes The state’s general sales tax sits at 4%, which I think is fabulous! However, there may be city and/or county taxes, so don’t too excited. Employment The current unemployment rate in Alabama is 11%.  If you are interested in a career in banking, auto manufacturing, or telecommunications, you may want to move […]

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