How could one live minimum wage starting with one year of savings?
so having saved $7,680 from a year of previous work and continuing to work on minimum wage 20 hours a week with
. pre paid gophone
.1,000 dollars with utilities per month
.cheap food costs
How could ONE person live off of this and where would the money need to be distributed.
please note i am a student and not starting with much
be useful or don't answer.
- ReenaLv 77 years ago
The only bill you do mention is the rent. A year has 12 months and your rent is $1000.
So you will need at least $12,000 for that. Minimum wage varies from State to State. Assuming the $8 an hour for CA your gross paycheck is around $640 a month..... so maybe $500 after taxes?
Using the $500 a month your yearly income is another $6000. Add that to the $7680 you have saved... your yearly income is at $13680.
No landlord will rent you a $1000 apartment when you only have $13,680 to your name for a yearly income. They want you to bring home 3 to 4 times the rent per month.
There is simply nothing to budget with.... you can't afford the $1000 a month rental. PERIOD
- lubyLv 44 years ago
in case you prefer to artwork 80 hrs each week according to risk. Get yet another interest, the only element a minimum salary interest is solid for is journey. occasion-in the journey that your a cashier and over 18 and have been given a hs degree persist with at some banks as a teller.
- gcbtradingLv 77 years ago
Why do you strive to be on the bottom?