zar
Theist
For this method I'm making several assumptions
-You receive state health insurance and pay $1 for prescriptions
-You receive $200 a month in food stamps
-The minimum wage of $8.25 comes to about $7.80 after state/fed taxes (I did not know where to check for exacts, I just guessed, however I doubt it is terribly off)
----edit.. minimum wage taxed at 15% calculates to $7.45, so a slight underestimation on my part however my general point is the same.. you can absolutely survive on minimum wage working less than 40 hours. even if all the taxes take it down to $7 an hour you'd only have to work 30.7 hours to make $215 a week
-Car insurance is $200 a month
-You already own a phone/car
Budgets
Food-additional $40 a month for food $40x12 months = $480. Most items are bought at dollar tree/value stores/minimum luxury purchases
Basic necessities A year supply worth of toothpaste, soap, shampoo, shaving cream, combs, brushes, face washes, deodorants and razors can be bought at dollar tree for a whopping $136 dollars.. hell that's probably a generous figure to budget for this.
Service Phone plan metroPCS at $30 dollars a month, haircuts once every 3 months at a generous $30 budgeted for each, another generous $72 budgeted for yearly prescriptions assuming you're paying $1 a pop (I know many people that are and get free healthcare).. totals of all these come up to $582 a year
Clothing $40 per month, thrift only...you can buy the whole store for $40 so it's plenty.. - $480 a year
Junk/knick knacks/crap you don't really need $30 a month.. keep it mostly to dollar tree. $360 a year
Car insurance $200 a month.. if you can't at least get liability at $200 a month you may need to cut back on your thrifting $2400 yearly
Rent $500 a month... you can find a room for $500 a month $6000 yearly
Gas you should be driving to 3 places and 3 places only, work, dollar tree and the thrift store. $800 dollars a year, $66 dollars a month
Other because I'm nice.. $33.33 dollars a month or 400 dollars a year
Grand Total expenses $11,638
11,638/54 weeks
=$215.51 a week
/pay rate of minimum wage at 7.80
= manage to work 27.6 hours a week (obviously you want to a safety net so you work 40 hours)
So I'm not financial expert, I'm open to critiques and criticisms of my math/expense realities if you have any to offer. However I think I have showed how cheaply you can survive if absolutely needed (of course this isn't the most pleasant way of living)
-You receive state health insurance and pay $1 for prescriptions
-You receive $200 a month in food stamps
-The minimum wage of $8.25 comes to about $7.80 after state/fed taxes (I did not know where to check for exacts, I just guessed, however I doubt it is terribly off)
----edit.. minimum wage taxed at 15% calculates to $7.45, so a slight underestimation on my part however my general point is the same.. you can absolutely survive on minimum wage working less than 40 hours. even if all the taxes take it down to $7 an hour you'd only have to work 30.7 hours to make $215 a week
-Car insurance is $200 a month
-You already own a phone/car
Budgets
Food-additional $40 a month for food $40x12 months = $480. Most items are bought at dollar tree/value stores/minimum luxury purchases
Basic necessities A year supply worth of toothpaste, soap, shampoo, shaving cream, combs, brushes, face washes, deodorants and razors can be bought at dollar tree for a whopping $136 dollars.. hell that's probably a generous figure to budget for this.
Service Phone plan metroPCS at $30 dollars a month, haircuts once every 3 months at a generous $30 budgeted for each, another generous $72 budgeted for yearly prescriptions assuming you're paying $1 a pop (I know many people that are and get free healthcare).. totals of all these come up to $582 a year
Clothing $40 per month, thrift only...you can buy the whole store for $40 so it's plenty.. - $480 a year
Junk/knick knacks/crap you don't really need $30 a month.. keep it mostly to dollar tree. $360 a year
Car insurance $200 a month.. if you can't at least get liability at $200 a month you may need to cut back on your thrifting $2400 yearly
Rent $500 a month... you can find a room for $500 a month $6000 yearly
Gas you should be driving to 3 places and 3 places only, work, dollar tree and the thrift store. $800 dollars a year, $66 dollars a month
Other because I'm nice.. $33.33 dollars a month or 400 dollars a year
Grand Total expenses $11,638
11,638/54 weeks
=$215.51 a week
/pay rate of minimum wage at 7.80
= manage to work 27.6 hours a week (obviously you want to a safety net so you work 40 hours)
So I'm not financial expert, I'm open to critiques and criticisms of my math/expense realities if you have any to offer. However I think I have showed how cheaply you can survive if absolutely needed (of course this isn't the most pleasant way of living)
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