Sunday, October 23, 2011
How to Live Well on $15,000 a Year
For living, find a decent place near your work that is big enough for what you need. I live alone, so I have a studio and it is perfect. If you have a family, obviously you will need more space, but try to stick to only what you need. I have a mortgage, but I made sure the payments, assessment, insurance, and taxes were very low before I decide to live there.
What about monthly bills? For electric, make sure you limit your usage. Only turn on lights when and where you need them. Avoid running the air conditioning/heating when you can get by without it. Unplug things you don't use very often. Use the new kind of light bulbs that use less energy.
For internet, shop around for promotional rates from all available suppliers. You should be able to get a good deal for a year. If they raise your rates, call them up and haggle with them or switch to another company to get another promotion. If you want to cut out internet expenses completely, see if there are any free wifi connections near your area.
For TV, use standard antennae to get the basic channels. It is free and there is enough good programing on the main channels to get by. If there is a show you really want to watch that is on cable, watch it on your computer using the internet.
For food, you should avoid going out to restaurants or even buying fast food. Get most of your food from the grocery stores. Compare all the stores near you to see which ones have the best prices for the items you want. Get familiar with sale prices verses regular prices. Try to buy things when they are on sale. Do use coupons if you find them for the things you are going to buy. Check discount stores such as Wal-Mart and Target for general grocery items as they tend to have good prices.
Avoid entertainment expenses. There are plenty of free activities to do or ones that don't cost a lot of money. Personally, I don't go out a lot, so most of my entertainment is from tv and computer.
Whenever you have to spend money on things, for example clothes or household items, research to find the best prices. If you know what you want, look online and order it. Often the best prices can be found online and you can avoid taxes and shipping costs in some cases.
Living like this, you won't get to eat at fancy restaurants, drive expensive cars, or travel the world, but you can have a nice life without having to earn a lot of money. Always try to spend less than what you take in so you have a profit each month. Over time it will add up and you can start to buy nice things and live even better!