Could you live on what you make?

i can she cant

That's a loaded question .

No consumer debt, only house debt. Being self employed, there are good months, and there are bad months. On the good months, I earn far in excess of what we need to live. And the bad months? Well, let's not go there, except to say that's what savings are for and that's why draw the same amount from my business account each and every month. It would be tempting to spend all that hard earned money on those good months, but experience tell me that for every good month, there is one average month, and one bad month. So over the course of the year, it really does all balance out.

QuietInTheLand

yep, live on a little under $700 a month cash. I do a lot of bartering tho. grow my own vegetables and fruit, barter extra for things I can't grow. swap labor for other things. help guys in the neighborhood butcher their deer etc for part of the meat. follow the combines after the corn harvest and glean corn to feed my critters and to grind for meal. only buy what I can't get any other way, salt, flour, lard etc once a month. no expensive habits like cigs or booze or playing the lottery LOL. paid my truck off last year and my property the year before that. saving now for more land and to have something put back in case of emergency. not trying to brag or anything but this was the way I was raised and I've never seen any reason to change and I think I'm just as happy and content as a rich person

Circumstances with our children t in 2012 caused our cash reserves to drop from 6 months income to 2 1/2 months income saved. They are slowly paying us back and we are slowly building it up ourselves. I guess that means yes. This was the first time in the last 25 years that we paid interest on a CC.

My car will be paid off shortly and after that the only debt we will have is the house/land. And man I tell you I plan to double down on the mortgage payments because I want to own this puppy and fast!

Have lived on my salary alone for 35 years. No handouts here. Small mortgage on a rental house. Never pay credit card interest, get paid to use the card and use it for everything I can.

Kathie

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wouldn't that be nice. I would go to jail for doing what our government does.

I can't live on 0.

No loans at all.

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Cindy in PA

No mortgage, no loans, no debt. No credit cards, and everything is paid for.

Over the last three years, we have lived on $800 a month. We didn't like it, it was darn difficult, but we did it.

If we cannot buy it with cash, we don't buy it. Yes, my credit is just fine, but since I am OUT of debt, I don't want to go INTO debt. Especially at this stage of the game.

We are working towards the 90% ideal...slowly but surely. Right now, we buy a lot of our food....but that is not forever.

~grinz~ We are saving every last penny towards a "Barndominium" right now, though.

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Peace,
Caliann

"First, Show me in the Bible where it says you can save someone's soul by annoying the hell out of them." -- Chuck

Yes, we live on what we make.

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