What is the lowest amount of money you could live on?
I am thinking of only woking part time (3 months on to 2 months off). I have been told from temping agencies that I can get about £11-13.50/hour doing finance work (I am a part qualified accountant). It will be a big drop in income but I reckon I can do it. My core bills come to £660 per month not sure how much I will need otherwise. How much do you reckon you could live on if you held back on luxuries? PS my bills are as follows. Rent (not mum or dad, private rented flat in west end of Glasgow) = £395/Month Council Tax = £120 Gas & Electric = £60 Phone = £25 Mobile = £20 Various other = £40
Personal Finance - 12 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
About 15 grand more than I earn... Seriously though, If your gonna work part time then you will have more leisure time and you might need more money to do fun stuff...
Answer 2 :
$490
Answer 3 :
Don't even think that!
Answer 4 :
$40,000.00 annually , but it would be real tough :))
Answer 5 :
Your bills come to £660 per month? You must be living with mummy and daddy then, in which case, that's all you need eh?
Answer 6 :
as I am appraching maternity leave, I am about to find out... salary vs. statutory pay (about £100 a week)
Answer 7 :
Thats a tricky one - because every time we get a pay rise we spend more via credit cards catalogues etc....the amount of debt we have just now is ..about ... £2500 a month - dont even talk me about the cars - thats his dept ! thats the mortgage - credit/store card bills .etc and our 4 kids cost us an arm & a leg... sometimes I just dont know how we manage...and if we were to cut back on luxuries like Sky, Broadband ..Cinema- Mickey D's etc etc ,, there would be riots in our house.. the bills are out of control....or is it my spending habits..
Answer 8 :
there are no parameters for this,as many factors are involved in it,the place/town you live the envirement of the surrounding people and size of your family and your needs,if contained
Answer 9 :
Let me congratulate you on your decission to reduce Luxuries. This is the only point which is positive in your question. All others are Negative. Why would any one want to do what you are asking? If the decission to take off for 2 months is to Learn some additional lessons relating to accounting, then it is a good idea for short time, but otherwise. You will become lazy over a period of time. You have an ability to work now but YOU WANT TO REST, but over a period of time you may have to work BUT YOUR BODY MAY NOT SUPPORT YOU BECAUSE OF OLD AGE. It is advisible to reduce expenses and Increase income and Retire early rather than taking a break every 3 months. Bye and all the best. AJ
Answer 10 :
probably another £400 per month to cover other expenses.
Answer 11 :
Well here in Namibia, I can Survive comfortably on N$ 2 000. N$ 1 200 for my flat water and lights included and then N$ 800 for food.
Answer 12 :
food in TESCO clothes in charity,well £ 200 a month
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