If you were given $20,000 to live off of for 1 year, do you think you could survive with that?
Many people today have to make at least $40,000 to live comfortable. If you were given a set amount of $20,000 how would you be able to survive?
No problem.......... I have always been creative and there are just too many things we use that are not truly needed. Budget my food, get a bicycle and live frugal. It is not nearly as hard as some may think. I would actually enjoy the challenge!
I live in Los Angeles(one of the more expensive places to live in the US) and my living expenses for myself and my fiance is less than $30k a year, including entertainment/travel expenses. Getting it down to $20k wouldn't be difficult.
People generally spend way too much on living expenses than is necessary.
I could and it could be cutting things down to only the necessities and maybe wearing a pair of jeans or two with little holes - but yes, I could do it.
Been doing it for years. Just have to be creative as those below you said.
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.
I have done it for years and sometimes I think I had more money and fun then. The last three years are the first time since I was married 26 years ago that we make more than that. Most of that we lived on about $15,000 and that was raising 3 kids.
Since my rent is so low I definitely could. If I had to find a house or an apartment, that would likely be a different story, since I would want to live in a nice, clean space and wouldn't want too many roommates.
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