When "Shark Tank" star Kevin O'Leary first heard that Elena Haskins lives in Brooklyn, New York on a $50,000 annual salary, he was skeptical. However, O'Leary was quickly impressed by how Haskins makes it work. She puts $880 per month into savings, including funds earmarked for travel, donations and gifts. Around $300 of her total savings goes into her SIMPLE IRA, which her employer matches.

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