I like to figure out how small my budget can be. I am not living on this budget yet but it gives me an idea of how much I will need to save before I can live off my investment interest. This budget assumes I am living on the property that I own in my RV which I also own outright.
Car Insurance and Registration-$35
I thought about giving up my car but no, the area is too rural.
Propane-$10 (used for cooking and heat)
Water-$10 (delivered to home, no well yet)
Trash-$10 (1 trip to dump per month)
Ok, I think that covers the basics. The total is $543.
Now for extras:
Internet and phone-$60
That’s what I’m aiming for. If I can’t wait that long I might wait until I reach the half-way point and then fill in the gaps with a temp, seasonal or home based job. The idea is to be able to pay my bills AND have a flexible schedule.