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How much money would you need to earn as a bare minimum to live? watch

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    Ive been wondering lately how much it would cost for me to live by myself, considering food/heating/electricity/wi-fi/housing etc.
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    most likely 20k per year. That might still be a struggle though
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    about £10k
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    It really depends where you live. Where I am, £1,000 a month will pay your rent and bills and leave you with a little left over. In London you'd be lucky if it paid your rent on its own, never mind cost of living.
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    As a bare minimum? You don't need much.
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    RENT = varies, around where I am, with the bills/tax etc you're looking at £500 to £800 a month.
    FOOD = depends. Let's go with £100 per month.
    PHONE = let's go with £10 per month
    CAR INSURANCE = Varies, let's say 1k per year.
    CLOTHES/SHOES = Varies, let's say £25 per month
    OTHER = You don't want to live life on a tight budget, you want to experience life. Can't give it an amount.

    It all depends on too much to give a figure. I've probs been too generous in places
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    I live in Salford, Greater Manchester, and I worked out I could live comfortably on just over £17k a year if I were renting a fairly decent place and living alone. The rough budget I made was as follows:
    • Description - £ per month / £ per year
    • Rent - £650/£7800 (In hindsight I could probably get a decent place for £550/month if I searched around.)
    • Bills/maintenance - £200/£2400
    • Transport (Public) - £80/£960
    • Food & Drink (non-alcoholic) - £100/£1200
    • Socialising & Eating Out - £100/£1200
    • Discretionary - £100/£1200
    • Savings/Big Spends - £200/£2500
    • Total: £1430/month - £17,160/year

    I think you could probably live on your own for £15k/year if you chose a cheaper place, practised frugality, and perhaps didn't build up much in savings.
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    Depends whether you like camping... you can exist on pretty low levels of income but it’ll cut your life expectancy and make life an existence rather than a ‘life’. For having a life in modern society if you’re paying your own way £25,000.
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    (Original post by Pokefan123!)
    Ive been wondering lately how much it would cost for me to live by myself, considering food/heating/electricity/wi-fi/housing etc.
    You don't need rent, heating, electricity, or Wi-Fi to "live". A bare minimum would exclude these.
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    (Original post by Reue)
    about £10k
    which I have never had

    The most I have ever had in a year is £6000
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    (Original post by ChaoticButterfly)
    which I have never had

    The most I have ever had in a year is £6000
    That would only just cover my share of the mortgage/council tax
 
 
 
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