I am not working and have less than $20K in savings. Single mom to one.
I have agreement with family member to live in their home and have to pay the real estate taxes, heating oil in the winter and any minor repairs that may come up.
I have a car payment and have the savings to pay it off ($10k) but will deplete too much of the savings before knowing for sure I will have a job, so cannot do this.
Monthly expenses are the amount set aside to pay the
car payment ($285),
car insurance ($80),
electric (runs around $40 -$50),
home phone ($30) (can give this up, but not sure as the service w/ cell phone is not completely clear)
water every 3 months ($83)
Plus food, gas
If you are living on $1000/month what have you eliminated from your life that has enabled you to be able to do this?
Asked by Anonymous at 5:58 PM on Apr. 13, 2011 in Money & Work
Answer by m-avi at 6:12 PM on Apr. 13, 2011
Answer by Anonymous at 6:15 PM on Apr. 13, 2011
Answer by pixie_trix at 6:18 PM on Apr. 13, 2011
Answer by sianniona at 6:22 PM on Apr. 13, 2011
You can do it. Sell the car, and try to lower the household bills as much as you can. If you can go without a car and catch the bus until your working again you'll save a lot of money. In fact you will have over $300 for groceries, laundry, etc... Good luck whatever you decide to do.
Answer by rayna_82 at 6:44 PM on Apr. 13, 2011
Answer by tyfry7496 at 7:10 PM on Apr. 13, 2011
Answer by 7blessings at 7:17 PM on Apr. 13, 2011
Answer by 7blessings at 7:21 PM on Apr. 13, 2011