Can you live on 30000 a year

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Meanwhile, make sure to avoid debt as much as possible. If you have debt already, pay it off as quickly as you can. I know plenty of people who are doing so by keeping their expenses low!

What if you are already debt free and have literally no credit history. I have no one to use as a cosigner. House, cars are paid for. Just lights,gas,water,cable,phone and a couple luxuries. You can live well in this bracket if you budget. The point of this article is about making smart financial choices. People obviously have limited control over how high their medical costs are, but one thing you do have control over is which jobs you apply for and which job offers you accept.

I completely agree about the debt portion of this article. I had a 13k auto loan on a brand new car that I paid off in 1. I also paid off a 34k student loan debt in 3 years. While it was scary seeing my account drop that much, knowing how much money I saved in interest and the fact that I am completely debt free at 31 makes me incredibly happy. I am living proof of it. Your email address will not be published.

Want to get exclusive frugal tips? Sign up for our email list to get exclusive money saving ideas, sales, and deals. If you can't find an affordable home on your own, you may want to look into government assistance through the U.

Department of Housing and Urban Development. Depending on where you live and the number of people in your household, you may be entitled to some help.

For example, you could receive housing vouchers that offset a portion of your rent. You may be eligible for public housing that is more affordable than general housing, or subsidized private housing, which also comes at a lower price tag, rent-wise, than what you'd generally pay.

Another option? Try bartering in exchange for a lower rent. Your landlord might agree to a rent reduction if you're willing to do light maintenance or tackle certain ongoing tasks. As a general rule, you should aim to have at least three months' worth of essential living expenses socked away in a savings account. That way, if you lose your job for a period of time or encounter a surprise expense like a car repair you can't put off , you won't risk racking up debt instantly.

But you should try to put some money into the bank for emergencies, even if it's just a few hundred dollars to start with. We all need to eat, but depending on your circumstances, you may be eligible for government assistance that makes it easier to put food on the table in the form of the SNAP program.

You can sign up for SNAP benefits through the state you live in and the eligibility requirements can vary. As is the case with SNAP, you won't qualify on that income if you're single. But if it's you and at least one young child, you'll likely qualify for assistance, at least through June 30, If you're not eligible for government aid, your next best bet is to aim to keep your food costs as low as possible.

Specifically, you should:. Going without health insurance means you risk catastrophic bills in the event you fall ill or get hurt. You can apply for Medicaid through your home state. Otherwise, if you don't get health insurance through your job, you may be eligible for a health insurance subsidy that makes your marketplace plan more affordable. The subsidy you qualify for will depend on your family size and where you live, but if you're eligible, the sum you're entitled to will be applied to your health insurance premiums so that you pay less for them.

It also pays to be strategic when stocking up on medication. If there's a prescription you take regularly, see if you're eligible for day supplies, which can be far more affordable than paying for repeated day renewals. Also, some pharmaceutical companies have programs in place to assist low-income patients, so it pays to apply with the maker of your medication. If that's your reality right now, do your best to stretch that income, but also look at ways to boost it in the future.

That could involve growing your job skills to score a promotion, changing career paths to do something more lucrative, or even researching salary data to make sure you're being compensated fairly. There's nothing wrong with fighting for higher wages, and boosted earnings could buy you some financial breathing room.

Many people are missing out on guaranteed returns as their money languishes in a big bank savings account earning next to no interest. First, look for a roommate who can split the cost of rent and utilities with you. This is a great way to save money while living in a place you enjoy. As a general rule, your housing costs should not be much more than 25 percent of your income.

Look for homes that are for rent by owner, as they tend to be on the lower range compared to larger condos or apartment complexes. Get creative and look for places to rent that are further away from the city center if you live in an urban area.

You may need to travel a bit farther to get to work, but the cost of living will be lower in most cases. Consider this option carefully, otherwise, you may need to find a smaller place to live.

When it comes to budgeting, the cost of food is typically something that gives you the most wiggle room. Factor in things like running out for a coffee every morning or going out to lunch every day. Attending happy hour with your coworkers can really add up over time. If you have kids, look for places where they can eat for free.

Pack your lunch and make it ahead of time at the beginning of the week so you can just grab it and go. These small tweaks can save you quite a bit of money in the long run. Consider eating out at restaurants a special treat rather than a way of life.

Shop your local grocery circulars and look for sales on things you can freeze like meat and produce. Buy items such as rice and pasta in bulk to get a better deal. Use coupons to save even more money at the grocery checkout line. With some careful planning and smart shopping, you can cut your food budget down significantly.

Watching your favorite movies and TV shows is a great way to unwind. But the cost of cable and other entertainment can do a number on your budget. Reduce this cost by signing up for streaming TV services instead of with your local cable company. There are tons of great alternatives to standard television these days. Online streaming is the way of the future and can cut your bill down by more than half! For cell service, negotiate with your current carrier and find out if they can give you a reduction on your bill.

If not, shop around and look for a new carrier who can offer you a lower rate. If you absolutely must have cable, split the cost with your roommate or eliminate a few channels you never watch to save some cash.