# Question: Can You Live Off 500 A Month?

## Where can I live for \$1000 a month?

Guy who’s been to 135 countries shares 9 where you can live well for \$1000 a monthBruce Northam is what you might call well-traveled.

Bolivia.

Fiji.

Laos.

Montenegro.

Nepal.

Nicaragua.More items…•.

## Can you live off 2 million dollars?

However, it’s certainly possible, especially if you’re planning to give up your job and live solely off your net worth. You can easily live off 2 million dollars and not go broke provided that the money is invested strategically and spent responsibly.

## How much do most 30 year olds have saved?

According to the 2018 Consumer Expenditure Survey, the average 25- to 34-year-old spends \$4,705 each month on both essential and nonessential expenses (including rent or mortgage, insurance payments, auto financing, and more), so the average 30-year-old should have between \$14,115 to \$28,230 tucked away in accessible …

## Can you survive on \$500 a month?

You may be able to survive for a year on \$500/month in some small area or by rooming with a buddy. However, you run into problems in the long-run if all you have is \$500/month. Costs for everything goes up due to inflation. \$500 in five years will buy much less than it does now.

## How much money does the average person have after paying bills?

So I set out to at least get a ballpark idea for how much discretionary income the average American household gets. If you’re looking for the simplest answer possible, the answer is this: \$20,748. In other words, the average household has about \$1,729 left over after paying the bills each month.

## How much is enough to never work again?

So, let’s say your living expenses are \$40,000 and you need another \$10,000 for health care coverage for your family. Add another 25% on top of that for a buffer – you’ll need \$62,500 a year. With taxes considered, that takes you up to almost exactly \$70,000 a year.

## Is saving 1500 a month good?

Putting away \$1,500 a month is a good savings goal. At this rate, you’ll reach millionaire status in less than 20 years. That’s roughly 34 years sooner than those who save just \$50 per month.

## What’s the cheapest country to live in?

The 8 cheapest, safest places to live in the worldPortugal. A warm climate, fresh seafood, and stunning beaches make Portugal a popular place. … Slovenia. … Czech Republic. … Malaysia. … Costa Rica. … Uruguay. … Panama. … Vietnam.

## What island is the cheapest to live?

The Dominican Republic is the best island to live on for cheap near the USA. This is a place where happy hour is happy in all senses: you, your friends, and your wallet. Las Terrenas is only three hours away from the capital city, which has all the goods you could ever need and world-class medical facilities.

## Can you live off \$2000 a month?

One person, not in debt, who lives in a relatively low cost of living area, who knows how to do his/her own maintenance, cooking, cleaning, etc., Can probably live well on \$2,000 per month. But it would be ideal to share housing costs with a housemate or two.

## Where can I live for \$500 a month?

5 Gorgeous Places You Can Live For Under \$500 A Month Leon, Nicaragua. Costa Rica tends to be the #1 destination for foreigners, but its neighbor, Nicaragua, is just as beautiful and accommodating to tourists or prospective expats. … Chiang Mai, Thailand. … Las Tablas, Panama. … Medellin, Colombia. … Languedoc-Roussillon, France.

## What is the cheapest city to live in in the United States?

McAllenAnd McAllen isn’t just affordable – it’s the cheapest American city to live in, according to the Cost of Living Index. Housing costs are 45% lower the national average, while health care is 70% less.

## How can I live off with no money?

20 Tips On How To Survive With Very Little MoneyCook at home. … Stews and soups are miraculous. … Keep a hen or two. … Dress as well as you can and keep yourself clean. … If you live in an area with a recycling policy, take advantage of it. … Get some exercise. … Grow some of your own vegetables.More items…

## What state has the cheapest rent?

Cheapest State for Rent in the US The least expensive state for rent is West Virginia with an average rent price of \$800.

## Can you live off \$1000 a month?

“With \$1,000, you can live quite comfortably. You can get a decent one-bedroom or a studio apartment with \$400 or less. This also includes expenses on utilities such as internet, heating, electricity etc. The internet connection is very fast.

## How can I save \$5000 in 3 months?

If you want to know how to save \$5000 in 3 months, you should ideally have a target in mind that you save up each month….1. Take up a side hustle — even if it’s only for a few hours a week.Uber.Lyft.Task Rabbit.Shipt.Favor.DoorDash.GrubHub.Rover.

## How much money should I have saved by 18?

How Much Should I Have Saved by 18? In this case, you’d want to have an estimated \$1,220 in savings by the time you’re 18 and starting this arrangement. This accounts for three months’ worth of rent, car insurance payments, and smartphone plan – because it might take you awhile to find a job.

## How much money do you need to be considered rich?

Here’s how much money Americans say you need to be ‘rich’ To be considered “rich,” Americans say you need a net worth of at least \$2.3 million.