if i make 35000 a year can i save 20,000 and still have money left over for expenses?

by **saistori** on Mon Oct 19, 2009 1:57 am

by **Lukas915** on Mon Oct 19, 2009 2:06 am

Assuming the 35 grand is after taxes, if you can live on 15 grand a year it is feasible.

by **KnottyPine1213880** on Mon Oct 19, 2009 2:08 am

you would then have to live off of 15000 a year... which....... can be done, but you will live VERY VERY poorly in this economy for awhile. Thats only 1250 a month to spend. So depending on where you live and your rent.. and your utilitys and expenses.. you could do it. just be prepared for a very very meager lifestyle until the time being is over.

by **Allison048** on Mon Oct 19, 2009 4:02 am

Your expenses would need to be very low. You would need to cut out everything, and only pay rent/mortgage, insurance, utilities, groceries, clothing, and very basic car maintenance. You could not eat out, go to movies, or have cable, for example.

If you have any existing debt except a house payment, I doubt if you could do it.

if i make 35000 a year can i save 20,000 and still have money left over for expenses?