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To ask if you can live on £500 a month?

(196 Posts)

MNHQ have commented on this thread.

calliiee Sat 12-Nov-16 17:31:51

No housing costs but council tax, electricity and gas and insurance, phone, Internet and groceries. Is it doable?

Manumission Sat 12-Nov-16 17:32:30

How many people?

whatishappeningo Sat 12-Nov-16 17:32:54

Is that just for yourself, any children?

Suppermummy02 Sat 12-Nov-16 17:32:56

If your single, yes.

Feckerlino Sat 12-Nov-16 17:33:22

Nope. Childcare alone costs me £570 a month.

MillionToOneChances Sat 12-Nov-16 17:34:08

Depends how big the home is, so how high the bills are. Transport etc...

Manumission Sat 12-Nov-16 17:34:44

Just for one, or maybe a couple, in a small modern flat, say, I'd think it's just about doable with extreme discipline and concentration. It would be a frugal, no-frills life though.

What's the situation? Would it be long term?

Feckerlino Sat 12-Nov-16 17:35:18

In all seriousness though, it depends. If you are single, live in a small house (minimal heating, low council tax), don't need to use much fuel for commuting etc, it may be doable but difficult imo - wouldnt allow anything extra for emergencies

AndNowItsSeven Sat 12-Nov-16 17:37:04

As a single person yes a couple at a push.

MatildaTheCat Sat 12-Nov-16 17:37:22

It might help if you gave a breakdown of the actual costs of those bills and whether you would be solely responsible for them. And how many people?

specialsubject Sat 12-Nov-16 17:37:29

Without a car and with care - shopping around, no clothes buying except to replace, no presents given or received, low council tax - should be possible for one.

TaterTots Sat 12-Nov-16 17:38:24

If the housing costs are covered then yes, it's doable. Not desirable, but doable.

Madlizzy Sat 12-Nov-16 17:40:14

I do it and it's horrible.

MairyHoles Sat 12-Nov-16 17:41:21

A single person on Jobseeker's Allowance gets £73.10 per week (and may have to contribute to rent and council tax) so it's doable but not easy and most likely quite stressful.

FairyDogMother11 Sat 12-Nov-16 17:42:08

My partner and I have these outgoings and it's just us and a dog:
£125: Council tax
£100: Gas and electric
£29.99: Phone and Internet
£250 (depending on toiletries and cleaning products, which I don't buy every week)

That's not including our home insurance, life insurance, pet insurance, water bills...we probably do go a bit over board on shopping but we like nice food and we can afford it. I'm really not sure if there was more of us we could live on less than we do apart from the food bill though; we don't have anything like Sky (just Netflix but I pay for that out of "my" money, not joint money).

nancy75 Sat 12-Nov-16 17:42:35

My council tax alone is £147, with my bills as they are at the moment we would have £50 a month for food, for me the answer is no

mumonashoestring Sat 12-Nov-16 17:42:43

We'd struggle to and that's with one DC in a small 2-bed house - as previous posters have said it depends whether you're single, what council tax band you'd be in, whether you have shops nearby... It can even come down to how well insulated your home is, what phone contract you're on...

FairyDogMother11 Sat 12-Nov-16 17:42:56

I meant to say that's monthly!

calliiee Sat 12-Nov-16 17:43:40

Sorry, I didn't give anything like enough info. One person and one baby.

Andbabymakesthree Sat 12-Nov-16 17:43:45

Depends on context.

Manumission Sat 12-Nov-16 17:45:27

Does the £500 include child benefit and tax credits?

Manumission Sat 12-Nov-16 17:46:10

Are you hoping to go PT after ML? Something like that?

calliiee Sat 12-Nov-16 17:46:57

Yes. The exact amount is £558

calliiee Sat 12-Nov-16 17:47:15

X post sorry - 'yes' to including CB.

Piehunter Sat 12-Nov-16 17:48:11

£100 council tax (I'm assuming 1/2 bed house) £75 gas and electric, Internet and home phone £20, £10 top up for phone (get a bundle), contents insurance £7 a month.. Groceries for a couple we've done £50 a month in the past when things were very tough. It's doable, you need to have a budget in place and only spend what's in it, keep a record of all spending. In the past 2 of us have lived on £1,000 a month with rent of 475, we both have cars to run too (approx £200 a month in essential fuel) it was very very tight and horrible but we did it for 3 months before we got housing benefit sorted (I'm disabled so we were entitled when others wouldn't be).

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