The national minimum wage went up today to $7.25. I live in a state which follows the minimum unlike some states with a much higher minimum wage like Oregon. After my mortgage is paid off and I have saved enough money in reserve, I plan to quit my secure job and go find a fun job whatever that might be. It might be a minimum wage job but with my rental income I shouldn't have a problem covering my bills.
My minimum budget includes all of my recurring bills with no extras at all. There is also no extra for maintenance and repairs for my dwelling or car or for additional medical bills or for anything fun. I plan to get a part time job to cover those additional expenses. With a part time, minimum wage job, I will have $534 per month to spend on extras. I think I could live with that. I wouldn't be enjoying any expensive hobbies but $534 is a lot more than I spend right now.
I will have a little bit of flexibility too. Selling the RV and living in my mobile home or converting my shed to a living space would reduce my bills to $561. And then if I am lucky enough to find a part time job with health benefits, my bills will be reduced to only $411 per month. Then if I found a fun job at $9 per hour, I would bring in $663 per month to spend however I wanted.
Having that much money to spend every month would make me feel rich. Isn't it funny how feeling rich is relative? My budget right now is $700 per month for bills. If I don't buy anything extra, sometimes I have $50 left to buy something that I have put off, like specialty light bulbs for the RV. (By the way, I need to buy 2 fluorescent bulbs because I have been moving the light bulbs around as they burn out so that the most used lights have working bulbs but I should really get some new ones.) How fun it will be to work half as much as I am now and then have $500-$600 extra to spend after my bills are paid. That's my goal anyway. I hope it works out.