{"id":1888,"date":"2015-07-01T00:15:49","date_gmt":"2015-07-01T08:15:49","guid":{"rendered":"http:\/\/www.cultofmoney.com\/?p=1888"},"modified":"2021-10-27T12:27:48","modified_gmt":"2021-10-27T20:27:48","slug":"can-you-make-it-on-a-30000-budget","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/can-you-make-it-on-a-30000-budget\/","title":{"rendered":"Can You Make it On a $30,000 Budget?"},"content":{"rendered":"
<\/a>How hard is living on a $30,000 budget? The answer to that depends on where you live.<\/p>\n If you\u2019re in a place like Los Angeles, New York, or Washington D.C. then $30,000 is not going to get you too far. If you live in the Midwest, like I do, that amount of money can really stretch.<\/p>\n Here\u2019s an example of a $30,000 budget.<\/p>\n This budget is very similar to what I spent before getting married. In fact, there were many years where I made it on around $20,000<\/a> without a problem.<\/p>\n A $30,000 budget took care of me and my two girls with money left over to save since I didn\u2019t have any debt.<\/p>\n If you\u2019re wanting to get your budget down to $30,000 per year here are some ideas on getting there.<\/p>\n When I had my $30,000 budget I only spent $226 a month on living expenses. This was to pay for a $10,000 trailer I bought to tide me over until I saved up for a down payment on a home.<\/p>\n Keeping your mortgage or rent low is one of the most important things you can do to keep your budget in check. Here are some ideas for getting there:<\/p>\n Unfortunately there\u2019s not a whole lot you can do about the cost of your utilities aside from limiting the amount of electricity, gas, and water you use. Living in a small home will also help.<\/p>\n The grocery budget I listed in the above example is for a family of four. If you don\u2019t have four in your family then you may be able to adjust this amount to significantly less.<\/p>\n As an ex personal lines insurance agent I strongly suggest that you get your auto insurance re-quoted with different carriers every 2-3 years. Insurance companies will generally spike up your rates the longer you stay with them. New companies want your business so they\u2019ll give you a better price for the first 2-3 years.<\/p>\n As far as cell phones there are SO many options now-a-days that it doesn\u2019t make sense to pay more than $50 a month. Fifty dollars can get you a very good smart phone plan at a place like Republic Wireless or Ting.<\/p>\n If you\u2019re bringing home around $30,000\/year and currently have debt this would be how much you can afford to pay each month. If your minimum payments total more than this amount then you\u2019re going to need to cut your budget somewhere or look for other ways to bring in money.<\/p>\n If you\u2019re in debt<\/a> you need to make a plan to get out, pronto! Having a high debt amount will make living on a $30,000 budget difficult.<\/p>\n If you don\u2019t have debt then this money can go to savings or investments.<\/p>\n If you\u2019re in the Midwest then living on $30,000 per year, even as a family unity, is completely possible. If you live in a large city or high cost of living area then it might not make so much sense.<\/p>\n Here are some other $30,000 Budget examples you can check out:<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Wondering how you’re going to make it on a $30,000 budget? Here’s a budget example as well as some tips to help.<\/p>\n","protected":false},"author":4,"featured_media":1889,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[682],"tags":[497,498,185],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1888"}],"collection":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/comments?post=1888"}],"version-history":[{"count":2,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1888\/revisions"}],"predecessor-version":[{"id":3683,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1888\/revisions\/3683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media\/1889"}],"wp:attachment":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media?parent=1888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/categories?post=1888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/tags?post=1888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}$30,000 Budget Example<\/h2>\n
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Mortgage\/Rent<\/h2>\n
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Utilities<\/h2>\n
Groceries<\/h2>\n
Car Insurance\/Cell Phone<\/h2>\n
Savings and Debt Repayment<\/h2>\n
Can You Live on $30,000\/Year?<\/h2>\n
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