OK so me and my bf are more than likely breaking up soon and I need to make sure all my bases are covered before that happens. If I am making the income stated above (insurance and taxes taken out of total already) and get paid weekly, can I live comfortably just me if my bills add up to less than $700?
Judith
Not only can't you live comfortably but you are going to struggle and you have your head in the sand. You need money for food, eating out and transportation; e.g. public transportation. Hair cuts, clothing, medical expenses, dating. Lots of unexpected expenses come up. You are paying way too much in rent given your income - a smart person pays no more than one-third their income in rent; smarter ones no more than one-fourth. I sure do hope you EXPECT to earn more than $1000 a month for the rest of your life. If not you'll need roommates. Have you got any skills that can translate into a well-paying job? If not then use some of that money you think you have to take classes to get those skills - and I bet you'll say that you can't afford to take those classes.
Anonymous
No. You'll survive, but it won't be comfortable.
What all did you include in "bills?" Does that include things like going to dinner with a friend, buying new clothes, having a tooth filled, replacing the alternator in your car, flying home for a funeral, birthday and holiday gifts, replacing your mattress or computer, haircuts...?
ETA: "U really think I'm Guna struggle a lot?" Yes I do. You've only included recurring bills. You haven't even included FOOD. You need to eat and life is full of the unexpected (which you should be budgeting for).
I think it's very likely you will end up evicted for non payment of rent or sued for non-payment of credit cards.
Rob
Absolutely not.
1000$ monthly is a child living at parents house supporting them.
Here living on own means you living in a minivan , under bridges or homeless shelter.
U are living at Poverty level.
Here you living in rooming house with shared bathroom.
John
No, you're strapped for cash on $300 dollars. Think about other expenses such as food. How much spending money do you have after necessities?
Anonymous
Survive, perhaps. But not comfortably.