It's not like that. There are still a lot of fixed spending left on the table. For instance, auto insurance, cell phone bill, electricity, internet access, etc. These things add up easily and can take out another big chunk of money you earned. So if we take a closer look at this, it would be like
$45 smart phone plan or $20 non-smart phone,
$50 - $150 auto insurance,
$400 for food. I doubt you could live with $300 per month or $10 per day, that's too little money for food.
So far, it's already around $1400 out. And if the salary is $30K, which means your monthly paycheck is about $1975 after tax and medicaid/social so there is only about $500 left each month. That does not look too good.
Originally Posted by frickfrock999
50K A YEAR?!
Come on man, that is a little ridiculous, even for folks around here. I seriously doubt the average income for OCN members is that high.
Let's be more realistic.
$30,000 a year is perfect. Say you're a single dude with a car and the million you got is after taxes.
Your apartment costs $700 or so a month.
You spend $100 on insurance.
$300 for food.
$200 for gas and bills.
You can live for DECADES and not worry about a thing.