How much money, per week, would you need to live comfortably?

Question

That includes rent, food, gas, water, electricity and other bills. Also for entertainment. How much would it take?

Answer 1

$3,000. Yeah I know what you thinking...but what can I say I live an extravagant life. If I had that much a week I'd live comfortably!

Answer 2

This is quite a subjective financial question but the basics apply to everyone. First you need to determine what are your overhead/necessities that you cannot live without. I.e. rent, utilities (water, electricity, heating/gas - cable is not a necessity), food, and transportation costs. Second, factor in your debts (credit card(s), loans [car, student, et al]) and keep in mind how much you need to pay off each month to pay off the debts faster. Third, if you have dependants such as children, aging parents, or if you are the primary wageearner in a relationship, these expenses also must be considered. Fourth, determine what your take home pay is after paying all of the expenses listed in one through three. Whatever this number it is your discretionary income and assuming you do not spend it all is what will provide you with your luxeries such as eating out, clubbing, cable, internet, drinking, dating, traveling, gambling, etc.

Many people will tell you the income that remains is yours to "spend" and while there is some truth to this if you take proactive steps today you will have MORE to enjoy later. The choice really is yours you can do one of two options. One, enjoy now and spend everything, or two, enjoy now in moderation AND plan and save for the future.

If you are interested in the second option here are some ideas:
For example if you save at least 15% of your discretionary income and place it in a Roth IRA and invest the funds in no-load funds your money will grow faster which will help you in the long run. Also if you work for a company that offer a 401k match, put the min to get the match; the monies the company provides is free money! The key to the ideas above is to automate it by using direct deposit to resist temptation and prevent laziness.

Lastly, the exact dollar amount you need to "live" confortably really cannot be answered by others, only you know your numbers discussed earlier and know your financial priorities. Good luck and remember it helps to write these numbers down, so be honest and patient with yourself. If you aren't where you want to be financially it takes time. Good luck.

Answer 3

Well that would depend on you and your expenses Idealy you want to make over $2000.00 a month ($500.00 weekly)but if you live where rent is high and insurance is high you want $4000.00 a month($1000.00 weekly would be nice). For me i live in vegas and it is expensive so for us to live good we need $3000.00 a month rent alone is $1050.00 not that we make that but it would be nice.
You cant tell unless you budget out your expenses and that would tell you what you need to be bringing in and what you have at the end when all bills are paid. Check out Dave Ramsey he teaches you how to get out of debt and stay out of debt and how to live comfortable. Good luck

Answer 4

depending on where you live and what type of all these things you would like, I would say about $150, but that isn't too comfortably.

Answer 5

WOW IT ALL DEPENDS WHAT PART OF THE UNITED STATES THAT YOU LIVE AT>>>>>>>>>

Answer 6

depends on where you live and what you consider "comfortable".

Answer 7

zero