The Truth About...

To be perfectly honest I haven’t had to face this dilemma in several decades but this morning I came across a “How To” article on this subject and it looks to me like the authors have covered the topic very well.  Therefore I would like to pass this on to all of you here at Cheaper Living Tips.

The writers presume that you have an income of roughly $1000 a month after taxes.  With that some to work with they outline an excellent guide for budgeting those funds to get by.

$500 (or less for rent & utilities)
$200 Food & household necessities (toiletries etc)
$100 Leisure
$30 Cell phone or Cable (pay as you go or drop entirely)
$170 (balance) Medical insurance or save for emergencies

Read the full article “How To Live On Minimum Wage” to get more tips on how to actually manage within these parameters.