How I Live on $900/month
First things first: WHY do I live on this kind of a budget? Simply put, I choose to live on a small part of my income because other things are priority right now.
Priority #1: Saving
In this stage of my life, I have relatively few expenses. I’ve got no debt, my car is paid off and I have a good job. Financially, it’s very “safe,” but I’m well-aware that it won’t always be this way. That’s why saving is very important to me. Right now, I’m able to put away more than half of every paycheck.
Priority #2: Giving
When I started my current job, I did a study on Biblical finance that led me to a few conclusions: one byproduct was my current giving plan, which takes another large percentage of my pay.
So what I’m left with is around $900 for life. How do I spend it?
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7 Responses to “How I Live on $900/month”
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AHA! I saw the title and thought, THIS I gotta see!
Not paying rent is a biggie. I live on $900 a month and pay rent, health insurance and prescriptions.
It definitely is. I have to remind myself of that when I’m doing weekend projects for the company, LOL.
And WOW for you! I’d love to see your budget!
Ah, the rent, .. if I didn’t pay rent, I would definitely be living on <$300 a month. On the other hand, you work for free, which I probably wouldn’t do, so it all evens out
That stinks your health insurance is so high. It’s the highest on your list. Does your company offer a high deductible option? Good for you for donating and living frugally. Most young people don’t want to do that. These honed habits now will only lead to strong habits when you’re older.
Jerry
http://www.leads4insurance.com
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