Being that I lived on less than that for years, I guess I could do it again. Then again, I don't live like most people.
I grow my own food (about 75%), make my own clothes, or shop Goodwill. I wear things so long, I have clothes older than my kids(they are 26 and 29). I don't go out to eat much, because it is expensive, and unhealthy. I cook our meals from scratch, so I save on prepacked items. I don't do gadgets (cell phones, TV, Cable) like most do.
Yeah, easy peasy.