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

.no cable

.no internet

. 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.

Update:

please note i am a student and not starting with much

be useful or don't answer.

3 Answers

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  • Reena
    Lv 7
    7 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

  • luby
    Lv 4
    4 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.

  • 7 years ago

    Why do you strive to be on the bottom?

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