How to Save Money on Minimum Wage | Frugal Living

Many people think it is impossible to save any money on low income, especially on minimum wage. Learn how to save money on minimum wage. Save thousands of dollars on very low income. Live well on minimum wage by embracing frugality and simple living. Frugal Living on Minimum Wage is not extreme - it's a great lifestyle! Join the FIRE (financial independence retire early) Movement and live the FIRE lifestyle to begin saving money towards your freedom today. It all starts with building an emergency fund (safety net), rent or house hacking, and creating budget you can stick to! Unlock financial independence by embracing a frugal lifestyle: Spend less, Earn more, and maximize your returns! I hope you enjoy these money saving tips and tricks and begin saving money fast!

I think some people won't think my advice works. Here are actual possible numbers. You can't argue with numbers. Simple Budget (Low Income Minimum Wage Example):
$9.50 per hour x 40 hours per week = $380/week or $1634/month
RENT: Bachelor Apartment in Major Metro: 900/month (split with partner) - $450/month your portion.
Groceries: $56/week ($240.80/month) - Bonus divided by 2 with a partner (120.40)
Phone: $25/month
Transportation: $21/week (90.30/month)
Health & Hygiene: $32/week ($137.60/month)
Misc Spending: $22/week (94.60/month)
Total Spending: $1038.30/month
Total Left for Savings: $595.70/month ($7,148.40 per year!)
(While I am from London, Canada this can be practiced in many other developed countries as well!)
I am a big fan of the minimalists! Minimalism goes hand in hand with frugal living.

Other Great Frugal Financial Independence Videos:
Secret to Retiring Early : The 4% Rule
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Frugal Living To Retire Early : It’s Simple But Works
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How Anyone can Retire in Their 20s or 30s..Real Example Math
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Meet the Most Frugal Man in the World?! (Early Retirement Extreme's Jacob Lund Fisker)


The interview cameo was with fellow Youtuber Gabe Bult, check him out!
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An interview did together: Frugal Living For Early Retirement Extreme At 24
Link:

#SaveMoney #MinimumWage #frugal #frugalliving

Instagram: @mikerosehart

The Gateway Book: Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence
Blog: Early Retirement Extreme (Earlyretirementextreme.com) @ Jacob Lund Fisker



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