Being self-supporting requires us to earn enough money to
pay our bills. We need to pay for housing and utilities. Our monthly bills can
include a mortgage payment or a rent payment. It will also include a water bill
an electric bill and may include a gas bill. It will certainly include food
costs.
It may include a phone bill and a TV cable bill. Beyond
that, most of us need a car to get to work.
Bills are normally paid monthly. The first $1000 will
probably be for housing and another $500 might go to paying for water,
electric, gas and phone. Another $500 will go for food. A car payment,
maintenance, gasoline and auto insurance may cost another $500. If your net pay
is $2500 a month or more, you may be able to keep a roof over your head, but
you will need an emergency fund for tires and other expenses. You will need to
earn at least $35,000 a year and spend as little as possible to be
self-supporting unless you have a roommate to share the basic costs. You could
also work two jobs.
Norb
Leahy, Dunwoody GA Tea Party Leader
1 comment:
For those who are willing to work but unable to collect that $35K...I do it. I don't *recommend* living as far below the $35K baseline as I currently do, and it does require a home that's fully paid for, but I'd say any serious Creative Tightwad can still live on $20K and enjoy it.
Me? If I had $12K I'd have a real problem...choosing among all the deserving charities Out There.
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