On the Aussies Living Simply forum someone asked “Could you live on $400 a week?” The idea was that you had no mortgage or rent and there was just 2 of you. So you would have your usual bills of electricity, gas, phone, insurances, rego, fuel etc etc. Some people thought there was no way they could live on $400 a week. I think it is one of these things you could do if you set out a budget and regimentally stuck to it.
We are currently a family of 3 soon to be 4 with my mother coming to live with us to look after the baby when I go back to work in March.
I am going to set myself a challenge for the start of March for all 5 of us to live on $500 a week, that will of course not include my mortgage but will include the food, electricity, gas etc etc . While I have some spare time over Xmas and New Years I will go over our budget to see how much all the basics do really cost us and see if we can manage a $500 a week challenge.
Our most challenging thing will be trying to get our veggie garden in order so we can cut back on store bought vegies. Hubby and I cannot seem to get our timings right. This will be another challenge for me to be able to supply at least 50% of our veggies from the garden.
If only I could get my hubby to eat at least two vegetarian meals a week that would save us another few dollars. I also have a rather fussy 19 year old step son who doesn’t eat any of the good veggies either so this will be challenging. I think meal planning will definitely be the way to go.
If anyone has any frugal recipes they would like to share with me please leave a comment. If anyone else wants to join the challenge please let me know also.
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2 comments:
Hi
We've lived on $300 a week 10 years ago. We paid the rent, health insurance and all other bills and managed to put money away for a deposit on a house.
We saved money by riding our bikes EVERYWHERE! My hubby and I both road to work and I grocery shopped using my bike.
Another way to save heaps of cash is by cutting back on all NON ESSENTIAL items at the grocery store and cooking everything you eat.
I'm keen to have a go but I'm pretty sure we're already living close to the $400 budget already.
Wow $300 a week and saved to buy a house I am well impressed, that is excellent.
I did a quick calculation of all bills etc and I can even include some savings in the $500 a week.
I wish I lived close enough to ride or walk to work but unfortunately I don't, it would save us a fortune on rego and insurance for 2 cars....
I hope to see you on here joining me in the challenge....
Lynda
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