Finances Part I - Trying To Live Free
Last week I kind of drew out a plan for how I am going to try to live free. This week I am going to put out there what my expenses are going to be. Or at least what I think they will be. Then in part II I will tell you how I think I will pay for all this. I'm keeping my fingers crossed that this all works.
So I have a spreadsheet on my budget showing what money I bring in and what bills I have to pay. It's pretty extensive but that will hopefully all change once I try to live free. I don't see me having many expenses at that time. I will just make a list with what it is and how much I think it will cost per month. Here is what I came up with:
- Car Insurance: $50
- Car Gas: $80
- Cell Phone: $50
- Amazon Prime: $15
- Netflix: $15
- Taxes on Land: $30
- Food: $200
- Misc: $200
- Total Monthly: $640
That is it. About $640 a month I will need to make in order to try to live free. Now I know I can go without some of these things. But I want to have some things to keep me busy in case of bad weather and stuff. So if I was to retire this would be no big deal as I know I would make this much, even more, to take care of these expenses. But I will have about 10 years or so where I won't be able to officially retire so I will have to make this money somehow.
I did forget about a couple of things that I do not know how much they cost but was brought to my attention by someone who read my previous blog post and I will have to look into it and see what I can do. Those two things are health insurance and insurance for the land. I will have to do a revised post to let you know what I came up with.
I have the Misc. of about $200 a month and that would go for heat and maybe eating out once in a while. Either firewood or propane. I think propane would be cheaper to use per year than buying cords or wood. Plus I am going to use propane for a number of things in my house so I will have a lot of it.
I will not have internet but I will have a cell phone that I can watch Netflix on so that will be my entertainment. Plus reading books on my tablet.
One thing that is not on the list is something that I will have to pay off before I do any of this. I have student loans. I am not sure in total how much I have left but if I was conservative, I would say about $20k left. I pay about $250 a month for that. I do not want to have that hanging over my head so I will have to make double payments or something as soon as I can.
I know I am missing some things that are not included on this list so if you think of anything I missed please let me know in the comment section. This is all a work in progress and since this is a long term plan I have the luxury of messing up know, learning from it, and fixing what needs to be fixed before I am trying to live free.
In part II I will talk about how I am going to pay for these things.
Thanks for reading, if you have time leave me a comment and let me know what you thought of the post. Also, if you can take a look at my social media links on the left and give me a follow. You can also share this blog by clicking on the social media buttons at the bottom of the post. I am always trying to improve my writing so if you have something you want to say and don't want to comment, send me a note using the contact form at the bottom of the page. Finally if you have a google account you can follow my blog by clicking on the blue follow button. Thanks again and talk to you soon.
I did forget about a couple of things that I do not know how much they cost but was brought to my attention by someone who read my previous blog post and I will have to look into it and see what I can do. Those two things are health insurance and insurance for the land. I will have to do a revised post to let you know what I came up with.
I have the Misc. of about $200 a month and that would go for heat and maybe eating out once in a while. Either firewood or propane. I think propane would be cheaper to use per year than buying cords or wood. Plus I am going to use propane for a number of things in my house so I will have a lot of it.
I will not have internet but I will have a cell phone that I can watch Netflix on so that will be my entertainment. Plus reading books on my tablet.
One thing that is not on the list is something that I will have to pay off before I do any of this. I have student loans. I am not sure in total how much I have left but if I was conservative, I would say about $20k left. I pay about $250 a month for that. I do not want to have that hanging over my head so I will have to make double payments or something as soon as I can.
I know I am missing some things that are not included on this list so if you think of anything I missed please let me know in the comment section. This is all a work in progress and since this is a long term plan I have the luxury of messing up know, learning from it, and fixing what needs to be fixed before I am trying to live free.
In part II I will talk about how I am going to pay for these things.
Thanks for reading, if you have time leave me a comment and let me know what you thought of the post. Also, if you can take a look at my social media links on the left and give me a follow. You can also share this blog by clicking on the social media buttons at the bottom of the post. I am always trying to improve my writing so if you have something you want to say and don't want to comment, send me a note using the contact form at the bottom of the page. Finally if you have a google account you can follow my blog by clicking on the blue follow button. Thanks again and talk to you soon.
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