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Could you live on $400 a week?

Home Forums SIMPLE SUSTAINABLE LIVING Living within your means Could you live on $400 a week?

Viewing 15 posts - 31 through 45 (of 160 total)
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  • #446664
    kel2em
    Member

    My daughter and I live on about $400 a week, including rent, it gets tight every week but i have to plan everything in advance.We eat simple meals, meat and veges, what every is cheapest, we dont grow any veges (need to start). We eat at home mostly, my daughter has to eat a gluten free diet, which made our grocery bill go up. Best advice is to PLAN everything and i pay my bills fortnightly when i get paid, so its not a huge bill that i have to find money for. πŸ˜€

    #446665
    Oneday
    Member

    wow heaps of people can do it!

    for me, I’ll be living off income from investments, so I won’t be on the dole or anything, and if I’m not working’, I’ll have time for all the self sufficency tasks, like brewing beer, and veggie gardening, and I guess if I want something out of budget, I’ll just have to do some part time work

    thank you for all you’re experience opinions and suggestions

    they are much appreciated:tup:

    #446666
    lngferretter
    Member

    OK – took out mortgage payments from the budget spreadsheet – answer is no.

    So took out savings, cut out foxtel, wine club memberships and holiday fund – still NO! :uhoh:

    BUT – took out cost of car repayments and ins, rego, petrol etc etc and allowed $35 per week for public transport (which we are close to) – still come in at $438….

    OK – took out hair cuts (and colour for me….:shrug:) plus shaved off grocery allowance (now we grow our own veg) and YES!! YES!! YES!!! (No I did not replace the colour with Clairol.. πŸ˜† )

    Just under but boy what a stretch!

    Anyway – I have to say I had to do this exercise today anyway because my DH lost his job this week and at first I was mortified at how we could manage but it does seem we can with some minor lifestyle changes – and no savings or additions to super.. πŸ™

    #446667
    Rebecca80
    Member

    Hi oneday,

    Yes heaps of people can do it – but remember to look at what they are saying – I don’t think that many of these replies indicate that it is easy! Factoring home produce into a very tight budget is very different to gardening as a hobby.

    If you are planning on making the leap I would change your budget now and live on the reduced amount for 12 months to see how you go. This way you will have some savings as a buffer and know how you personally react to the reduction.

    The only way I could get under $400 (from $500) would be to sell our car, disconnect the net and home phone , take our son out of kindy and go vegetarian. All steps that we have taken at times but not easy.

    Also consider if you are not saving or investing for your future what your plans are for your old age when medical/housing/transport costs will all be higher.

    Good luck,

    #446668
    Oneday
    Member

    hi Rebecca

    I’ve got the retirement income side of things sorted, tho it’s a few years off yet,

    but, I have come to the conclusion that I will have to work, to make ends meet,…..

    and being self sufficient to a degree will be hard work too………….

    but it can be done

    #446669
    Kasalia
    Member

    My advice for anyone considering doing this is to also make sure your car is new, or have enough put away to get one in the future. For most people a car is a necessary and a means of a change of enviroment, even if its only a picnic.

    It is very difficult to save for a car on $400. Also a newer car requires less maintenence.

    #446670
    luvin
    Member

    . ” It’s a bit hard for me to find work, I don’t meet the criteria for a DSP, as I have Aspergers Sydrome, a fused spine and hearing loss making it hard for me to find work. So having the internet stops me going right round the twist with boredom.”

    that is so wrong my nephew got a dsp because he cannot read or write

    go in again and again,do not give up get in there and get your DSP,you are entitled to it,contact the head of it explain,keep trying

    #446671
    luvin
    Member

    for years we did this hubby’s wage was just under $300,it was hard but we coped,then he went onto DSP,so we started caretaking,no rent but we had to do our share,we grew our own meat and vegies,never went out,because of our youngest

    now we rent,but first off we pay our rent,prepay our bills got a great vegie garden going,plenty of fruit trees already established

    but now we have to move in the new year,luckily we have a bit put away for emergencies,but for the next few weeks every spare cent is put away for new bond/rent etc

    #446672
    Ggang
    Member

    I looked up my budget and we currently live on $320 a week. Although we dont pay electricity as we generate more than we use from our grid fed system and are alway in credit. We also dont pay wate`r usage because we dont use it but do have to pay water rates and headworks charge.

    We is 2 adults – 8 goats – a largish dog and 4 chooks !

    Us humans only eat Organic food or home grown. We travel a minimum of 240 km to buy that Organic food. We try and ony do that every 3 weeks. We also buy grains. meat etc in bulk about every 6 months.

    We dont drive unnecessarily and dont ever go out for “entertainment” or buy take away food.

    We try to also feed the goats and chooks Organic food but sometimes cant manage that πŸ™

    Anne

    #446673
    Chezza
    Member

    I am going to try this as an experiment… I will make a proper budget and then play around with it until I get as close as I can…. There is 5 of us though plus pets and chooks….

    #446674
    Michelle-sm
    Member

    The new year is a great time to relook at the budget and work out where savings can be made.

    For me to come in under $400 we would have to stop giving to charity, stop saving, sell at least 2 cars and 4 motorbikes, have no life insurance, not go to the dentist, not be able to afford medical specialists, prescriptions, supplements or naturopathic and chiropractic treatments.

    Have to rely solely on the public health system.:rip:

    There would be no birthday or christmas gifts and no holidays.

    No new clothes or shoes, no personal products and no meals out.

    No visiting family and friends interstate.

    I probably would not be able to keep the veg garden mulched or fed either.

    Many people would not have a problem living like that and I say more power to them but it’s not for me.

    When/if peak oil hits I will probably be one of the people affected the most but I’ll worry about that if/when the time comes.

    #446675
    Wazza
    Member

    I’ve been living on $323 a week for the past six months. There’s only one of me and I own my own place, plus grow quite a lot of my own food. As you’d expect, I live pretty simply, but I never feel underprivileged or become bored. I don’t smoke, drink or gamble and my only real luxury is Austar Pay TV at $17 per week. In a couple of weeks I go on to the age pension and my weekly income will rocket to the princely sum of $431! Don’t know what I’ll do with the windfall.

    #446676

    luvin wrote:

    . ” It’s a bit hard for me to find work, I don’t meet the criteria for a DSP, as I have Aspergers Sydrome, a fused spine and hearing loss making it hard for me to find work. So having the internet stops me going right round the twist with boredom.”

    that is so wrong my nephew got a dsp because he cannot read or write

    go in again and again,do not give up get in there and get your DSP,you are entitled to it,contact the head of it explain,keep trying

    Agreed try again the criteria is less now and get as much suporting letters from doctors ect you can, i have just been put on carers payment for DS1 (Autism), he is hard granted so you should try again, with the added health problems.

    Id be making a appt and talking about your options if i was you :hug:

    #446677
    GirlFriday
    Member

    Michelle-sm you are smart not to rely on our local public health system:tup:

    We could do it if we had no rent/mortgage. It would be tricky when it came time to send the kids back to school, rego etc but day to day we could manage.

    Lived on a whole lot less than that when i was younger and single. lucky for me i was veggo back then.

    #446678
    Metu
    Member

    We couldn’t manage it, in our current financial situation. Our only debt is the mortgage, but you need things like life insurance in case something bad happened to one of us. And you need car insurance, so you can ensure you have transport to get to work to pay for the mortgage and insurance, LOL.

    Everything hinges on the mortgage.

    But I was raised by a single parent, so I know if I didn’t have such large outlays to begin with, we could live off $400 a week – we’re only a family of three with chickens. I will always try to have chickens wherever we are. πŸ˜†

Viewing 15 posts - 31 through 45 (of 160 total)
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