No. of Recommendations: 2
He claims that two people can live on as little as $12k per year:

Food $3500 or $70 per week
Rebt $3600 ($300 per month in a smaller city or town)
Utilities $1200 (no phone or cable TV)
Clothing (used) $500
Transportation $1200 (older car)

Remaining $2k for personal items, gifts, donations, and medical care.

We do not live that cheaply, but we live fairly inexpensively in most areas, so that we can splurge on travel.
When we are home we cook most everything from scratch. A loaf of bread costs about $1.50 to buy, but only about $.20 to make. We shop at the warehouse store, but only for what is on the list + the amount that I designate as "spendable". I know when we go in, we'll think of a few other things we need, and we'll see a few deals that are really too good to pass up, so I designate an amount that we can safely spend. Also, I limit my trips to any and all stores. I find the more often I go, the more I spend.

We homeschool the girls so our time is our own. When we see or hear about a really good deal on travel, we do not have to wait for a company vacation, or school vacation to go. I have a small online business, and I take my laptop almost everywhere we travel. I'm starting to yawn so I'll try to give more details tomorrow.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.