How little can you live on?

Me? Very little. This is what my monthly bills work out to:

Rent: $ 400.00
Groceries: 150.00
Vehicle Insurance: 95.00
Life Insurance: 15.00
Bank Fees: 15.00
Phone/Internet*: 100.00
Netflix*: 8.00
Automatic Savings: 50.00
Gas: 100.00
Money Challenge: 115.00
(Averaged)
Van Maintenance: 25.00
(Averaged)
_________
$ 1073.00

That’s it – bare bones.

So, that’s all well and good for me, assuming I bring in more than $1075 (or approximately $540 bi-weekly). Easy Peasy, right?

Yes. So long as I’m not in debt.

Which I am. Again.

(but “just a little bit”) LOL! Listen to me; trying to make excuses!

I assume, generally, that if I’m working full-time, even at minimum wage, that I can bring in an average $750 in take-home pay bi-weekly – or $1500 a month.

My debt is with 2 credit cards. 1 card has substantially more debt than the other; it also has a much higher interest rate.

According to The Rules of the Credit Card, I can’t use either of these cards – at all – until the debts are paid down. Then, I can only use them as a “money tool” – they can’t cost me money to use, they should save me money in some manner by using them, and/or, better yet, they should earn me money somehow.

All of my “extra” money – money earned that is not ear-marked for bare-bones expenses (stuff I can’t or won’t live without), will be thrown at that debt until I kill it.

So, if I take home, on average, $1500 monthly and my bare-bones expenses total $1075, my so-called “extra” money comes out to about $425. This is what I’m going to throw at my debt every month: $300 will go on the card with the lowest balance – because it will be paid off really quickly, and that will make me feel like I’m getting somewhere. It helps to feel like you’re winning when playing The Money Game, believe me.

Check out this screen shot:

CreditCardCalculatort-2015-

So I’m looking at 9-10 more months paying this debt down and then I’ll be moving on (again) to investing in Pre-paid Living. That is a whole ‘nother kind of Money Game!

***

P.S. That Credit Card Calculator is available to use for free HERE.

P.P.S. *I WILL NOT live without Netflix OR the Internet!

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