How much money do you need to make on average to live comfortably on your own?
Alex Anxie
Okay, my family is nagging me to go to college, but i have no idea what i want to do in life since I graduated. My original plan was to join the army or national guard or something but I found out I've got some medical conditions that auto DQd me. So no I have no idea what to do... I really wanted to join the army not for money, but just because it was just something I wanted to do so I could say I accomplished something in life. You know, have that honor of having been a soldier and all that. So I feel like that's a large part of life I'm going to miss out on, never get to experience, and just kind of makes me feel bad.
So now... I really don't know. I'm guessing I just want an easy career. I don't really care about making a ton of money. I jsut want enough to live comfotably, and retire on. Also to be able to save up a few hundred dollars a month in case I have kids or something so it will be a lot of money for their school or whatever else. I don't use that much resources when it comes to heating and air. In winter I just wrap up more, only time I use the heat is for showers, and sometimes in the morning. Only air is the most used thing and only when it's really hot. I eat about 80 dollars worth of food a month -ish. that's going out to eat a few times. Mostly I eat stuff I make at home.
I want to find a tiny cheap house or apartnent or something. So I can work at a regular store and support myself that way if I can only find a minimum wage job. But cheapest places around where I live, just for a 1 bedroom apartment is like 500 dollars Then I'm guessing utilities are like about at least 100 If I go sparingly on it, and 100 for misc other stuff. and about 100 for food. I'm guessing I'll eat more when I work more. then car insurance for me is like 120 for a small car, although I'm on my families plan so idk if it will to up. Especially being so young. So that's at least 920 at minimum while living on my own. And that seems to be if I really go sparingly which wouldn't be comfortable.
Anyone have a list of easy jobs though? I'd at least like to have a job anyways, preferably something that's not a lot of manual labor. I love working nighshifts, at least as the cashier at the store because there aren't many people there so I'm just standing there most of the time. Although I don't work there anymore. And I only worked from 5pm to 12 so it wasn't really night shift, I was just there during the night and it was nice. So since I naturally stay up really late/dont mind working like that "I hear a lot of people don't like night shifts" I figure I would like it.
So... any job ideas?
Maybe I'll work on getting a degree just to say I have one. But what? Only subject in school I liked was science and history, but I sucked at math so that leaves science out of the picture. I guess maybe I can get a degree in history. Then maybe be a teacher... I guess. Because that's really the only thing I can think of that a degree in history would be good for. Any other ideas?
Answer
Nobody can answer how much money will you need. Too many variables, mostly location. Costs a lot to live in California for example. Ohio is much cheaper.
Job or career ideas:
Delivering pizza?
College degrees are overrated. Sure, you need one if you want to be a rocket scientist but most people should not go to college, especially in this internet age when you can learn anything you want on the internet or from books. Student loans are anathema, as is all debt.
Sorry about the non-military thing. Being a Veteran has many advantages. But there are other ways you can do good and which look good on your resume. There are various forms of search and rescue, whether it be the ski patrol, becoming a paramedic or perhaps police work. Depending on where you live, there may be jobs sitting on a fire lookout tower and living in a trailer under it.
A minimum wage job will not allow you to raise kids or send them to college, let alone provide for a wife. If that is your goal, you'll have to do better. As for math, I made a good living for many years being an independent contractor in the handyman and remodeling biz and "tape measure" math and ability to keep a written budget was plenty enough for that.
Car insurance will cost more than you think. Since 2002 I have been a class A (18 wheeler) truck driver so have taken every safety class known to man and at age 57, for liability only (high limits) on an old minivan costs me $172 every 6 months and I have a clean record. That's cheap! Due to age yours will cost more, way more, depending on your State.
Consider motel management, aka "night clerk".
A history degree is like a literature degree; won't help you get a job.
A huge growth industry is in the security biz. Guards, systems, surveillance, cameras, software, installation.
How about sales or working a support call center?
Nobody can answer how much money will you need. Too many variables, mostly location. Costs a lot to live in California for example. Ohio is much cheaper.
Job or career ideas:
Delivering pizza?
College degrees are overrated. Sure, you need one if you want to be a rocket scientist but most people should not go to college, especially in this internet age when you can learn anything you want on the internet or from books. Student loans are anathema, as is all debt.
Sorry about the non-military thing. Being a Veteran has many advantages. But there are other ways you can do good and which look good on your resume. There are various forms of search and rescue, whether it be the ski patrol, becoming a paramedic or perhaps police work. Depending on where you live, there may be jobs sitting on a fire lookout tower and living in a trailer under it.
A minimum wage job will not allow you to raise kids or send them to college, let alone provide for a wife. If that is your goal, you'll have to do better. As for math, I made a good living for many years being an independent contractor in the handyman and remodeling biz and "tape measure" math and ability to keep a written budget was plenty enough for that.
Car insurance will cost more than you think. Since 2002 I have been a class A (18 wheeler) truck driver so have taken every safety class known to man and at age 57, for liability only (high limits) on an old minivan costs me $172 every 6 months and I have a clean record. That's cheap! Due to age yours will cost more, way more, depending on your State.
Consider motel management, aka "night clerk".
A history degree is like a literature degree; won't help you get a job.
A huge growth industry is in the security biz. Guards, systems, surveillance, cameras, software, installation.
How about sales or working a support call center?
How much does a person make their first few years in the army?
April
my husband is thinking about joining the army. we have three small kids together. we are pretty sure the army is a good schoice for our family, although it will be hard. one reason we think this is a valid option is bc of the financial stability the army entails. we dont know his mos will be but he is going to study to try and score at least a 50 on his asvab. if someone knows the range of housing allowance as well as salary i would greatly appreciate your input!
Answer
Depends on how quickly he gets promoted. The first couple of ranks make about 25000 a year, give or take a little, in base pay, but the additional benefits bump that up sometimes more than double depending on where you're stationed. When I was stationed in Maryland I was making almost as much in housing allowance as I was in base pay, and housing allowance is non-taxable. As the other person said, the pay charts are online. They're the same for all services, just do a search for 2010 or 2011 military pay charts, and you can get an idea. If you're curious about specific BAH rates, they are tailored based on the average rent in that area, and change based on rank. With three kids, I'd just live in base housing, because what they pay you in BAH is designed to basically pay for a 2 bedroom apartment, and it's not going to completely cover your rent, but if you're in military housing they assign it based on the size of your family. You guys would get at least a 3 bedroom home, maybe a 4 depending on the ages and genders of your children. Health care is free, which I love, and at most bases, the housing is close enough that he could bike to work to save on gas if it was really tight for you. Once he's been in for four or five years, the finances ease up considerably. So, in a nutshell, the base pay (in the charts) is the only thing out of your military benefits that's taxable. I've been in 10 years and am an E6, and my taxable income is about $35,000 a year, but because I have four kids I'm never liable for any taxes. In fact, I generally get back considerably more than I paid in. The financial stability is great, because I don't have to count hours and figure out if my budget can take me taking a vacation or staying home sick, and I don't have to weigh the cost of prescriptions against how sick I am and take risks with my health. Honestly, if you're good at living within your means, it is very easy to live comfortably in the military, just do your best to stay out of debt. I buy older cars for a few thousand cash and drive them until they die rather than shelling out tens of thousands for a new car that won't be worth anything by the time I pay it off. We budget our money and plan out what we are going to eat for the month, and only buy those groceries. If we want expensive furniture, we save up for it and buy it when we have the money rather than putting it on credit. That might all sound a bit money-nazi, but it's allowed us great freedom with our finances, and because we're good at saving money, we can afford to travel places like Disney for family vacations (yes, with four kids), take diving lessons, go out to eat a few times a month, etc. It's by no means upper class living, but it's stable and it's comfortable if you know how to watch your money. Hope this helps!
Depends on how quickly he gets promoted. The first couple of ranks make about 25000 a year, give or take a little, in base pay, but the additional benefits bump that up sometimes more than double depending on where you're stationed. When I was stationed in Maryland I was making almost as much in housing allowance as I was in base pay, and housing allowance is non-taxable. As the other person said, the pay charts are online. They're the same for all services, just do a search for 2010 or 2011 military pay charts, and you can get an idea. If you're curious about specific BAH rates, they are tailored based on the average rent in that area, and change based on rank. With three kids, I'd just live in base housing, because what they pay you in BAH is designed to basically pay for a 2 bedroom apartment, and it's not going to completely cover your rent, but if you're in military housing they assign it based on the size of your family. You guys would get at least a 3 bedroom home, maybe a 4 depending on the ages and genders of your children. Health care is free, which I love, and at most bases, the housing is close enough that he could bike to work to save on gas if it was really tight for you. Once he's been in for four or five years, the finances ease up considerably. So, in a nutshell, the base pay (in the charts) is the only thing out of your military benefits that's taxable. I've been in 10 years and am an E6, and my taxable income is about $35,000 a year, but because I have four kids I'm never liable for any taxes. In fact, I generally get back considerably more than I paid in. The financial stability is great, because I don't have to count hours and figure out if my budget can take me taking a vacation or staying home sick, and I don't have to weigh the cost of prescriptions against how sick I am and take risks with my health. Honestly, if you're good at living within your means, it is very easy to live comfortably in the military, just do your best to stay out of debt. I buy older cars for a few thousand cash and drive them until they die rather than shelling out tens of thousands for a new car that won't be worth anything by the time I pay it off. We budget our money and plan out what we are going to eat for the month, and only buy those groceries. If we want expensive furniture, we save up for it and buy it when we have the money rather than putting it on credit. That might all sound a bit money-nazi, but it's allowed us great freedom with our finances, and because we're good at saving money, we can afford to travel places like Disney for family vacations (yes, with four kids), take diving lessons, go out to eat a few times a month, etc. It's by no means upper class living, but it's stable and it's comfortable if you know how to watch your money. Hope this helps!
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Title Post: How much money do you need to make on average to live comfortably on your own?
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