But maybe others can enlighten me!
But as it is now with things like the mortgage and life insurance and all that? Doubtful, without going into debt.
(If you're curious, 2003, 2006, 2008, 2010, and yes, it's a busy house)
I think it's important to remember that it is simply easier to live in certain areas of the country than others. I share an office space and get half of every week for $125 a month.. and it is really a very fresh, beautiful, trendy space. I know some would spit their drink out hearing that they are used to office spaces being like $600 and up for something comparable.
A few other things that make this lifestyle work for us:
We have a lot of family around us and a strong community. I trade a lot, and I use coupons to get so much of what we need for free. I maximise everything. I ask for what I need. I keep my eyes open and find what I need around me .. And we get spoiled. Farming friends give us food sometimes, or my sister has us over for a meal, or dd's grandma buys her clothes pretty frequently. dd gets enough of the things she needs from special occasions that we just don't consume stuff. We reuse a lot of others folks clothes. For Solstice, for example, we filled a stocking for dd (reused one of ours from our childhood).. I put in a few things she needed and a few things from craft trades. For her birthday, I put away most of her gifts for later... she just doesn't need so much constant stuff. I have like 5 new things waiting in the wings for her right now I take care of the people around me and do what I can for them, and I am always cared for too.
I wonder where you live and if you could maybe make some drastic changes in order to funnel the $ you do have towards getting completely free of debt? Are there resources that maybe you haven't thought of yet?
Good Luck and Deep Peace to you~
Utilities (all on budget plans): $265 ($90 H20, trash, $100 elec., $75 nat. gas)
Escrow: $350 (property taxes, homeowner's insurance, heating pellets, car insurance, perpetually being refunded EF)
That totals $13,380 per year. So just squeaking in under $14K.
However, if we made this little, we'd get food stamps, so our food expenses would be drastically lowered, maybe eliminated. That's a consideration.
We are a family of five, although DSS is only here part time. FWIW.
granted, rent is cheap (525$, utilities included), i have a cheapcheap cell plan, no cable, no car, and get most of my food either from the food bank or the csa farm where i volunteer. plus i'm in canada so healthcare is free. living on my income is a mathematical impossibility in most places, but i live fairly comfortably on what i have. (it's a good thing i like rice & beans)
If we were in our exact situation, but w/out any debt, even a mortgage AND (and this is a biggie) our house remodeled to an extent that it was somewhat more energy effcient, then, yes, I think we could. AND if we had DH's benefit package as well, so another huge if.
That totals $13,380 per year. So just squeaking in under $14K.
my dad and I are saving for a house with what is left every month.
Food isn't listed because I get foodstamps and that more than covers those expenses.
I forgot to add I was paying a SL 106/month
That makes the total 1166
ETA: I also receive childcare subsidy, so preschool for DS is free as well. If I had to pay for rent, food, and childcare, we would definitely be living in our car.
Anne, Mama to Conner 2/27/04 Gabrielle 2/6/06 W/LMC-TCS, Neurogenic Bladder, AFO & KAFO wearer, Neurogenic Bowel & Delaney 5/12/08 & Beethoven & Gizmo
Highest I have made in a year is $13,000, lowest $9,000
I am single, no kids (plenty of pets though). I make between $900 and $1100 per month. If I wanted more money, I'd have to give up my weekends.
I pay $325 for rent on a small small studio apartment. All utilities paid. Cell Phone is on a friend's plan, the friend I rent from. It is also included in rent.
Gas is usually $100ish per month. Working on trying to take the bus more often.
Just got a used car (my paid off car was smashed up by a truck), payments are $180 per month. It'll be paid off in 18 months.
Paying down CC at $25 per month. Only $300 balance, so I almost have no debt.
I cook from scratch alot, and don't eat out much. My dogs and cats eat the best I can provide.
I have a little in savings, and am not usually strapped for cash.
I don't feel poor. I feel comfortable. And happy. Pretty stress free.
My best friend has 2 houses, 2 cars, a much better paying job, and is far poorer than I am. She smokes, and drinks, and eats crap food. She is always broke, and stressed to the max.
Blah blah blah
Lisa, lucky mama of Kelly (3/93) , Emma (5/03) , Evan (7/05) , & Jenna (6/09)
Loving my amazing dh, James & forever missing Aaron Ambrose (11/07)
So, technically, it is possible to live on very little.
Could I do it now? No. I'm pregnant, and live in a small condo with my dp. The rent, utilities, food expenses, etc., are much higher now. We also live in an expensive area.
I'm sure $14,000 per year would be doable assuming you didn't live in an insanely expensive state, and had no debt.
If you plan to live like this for a while, you may want to consider house sharing with another mom. I have a 1600 sqft house, with vaulted ceilings, and the amount I pay is low because of a good friend. It's her mothers house, who is deceased, and I just got a very good deal. Unfortunately the college boys who lived in here before tore up the house, so we have been dealing with that, repairing things, sprucing up the place to make it livable.
My van was paid off at my divorce. These are the things that make living like this bearable.
Frugal, food growing mama to my four loves
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