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Bare bones bugdet

March 23rd, 2016 at 04:57 am

This morning I figured out what our bare bones budget should be just in case Murphy strikes. We will need $2,100.00 every month to weather any storm. When I say bare bones I mean cut out any non essentials (no cable, no cell phone, no entertainment, etc.)

Have you figured out what your bare bones budget should be and if so, would share the amount?

12 Responses to “Bare bones bugdet”

  1. laura Says:


    Our bare bones budget is $3,250. That includes a mortgage payment of $1,750. $750 for utilities (insurance/gas/electric/water/sewer/landline/basic Internet), and $750 for groceries and gas.

    That does not include the cost of health insurance.

  2. Jenn Says:

    Ours is about $3k too. If we didn't have a mortgage, it would be half that much.

  3. ThriftoRama Says:

    Ours would be about $1,000, after the mortgage is paid off.

  4. Frugal_Cheap_Pants Says:

    I think it puts a lot into perspective to look at just what you'd need to get by each month. Surprisingly, I have many friends who can't even give a ball park figure. Then again, these same people never budget and make fun of me for budgeting. And they live with huge amounts of debt with no thoughts of paying it back. So I guess its not too shocking that they don't know their basic monthly needs.

    Our bare bones budget would be $1,304.

    Breakdown:
    equity loan $191
    landline $26
    electricity & gas $182
    trash $15
    water & sewer $70
    internet $50
    auto/home insurance $170
    gas and groceries $600

  5. CB in the City Says:

    Mine is about $1,200. That counts mortgage, assessment fee, property taxes, insurance, utilities, gas, groceries, and medical premium.

  6. snafu Says:

    Our 'bare bones' bones budget includes ghastly expensive co pay on RX that I hope will discontinue by fall, items that are paid annually or quarterly calculated monthly @ $ 2 K [Cnd}.

  7. Mrs. Frugalista Says:

    I wish my 'bare bones' budget were as low ThriftOrama and CB in the City's budgets.

  8. LivingAlmostLarge Says:

    $5k maybe bare bones? $2400 is rent. $2600 includes our own health insurance and life insurance and car insurance. Right now spend $6k for preschool and kindergarten etc. We could cut stuff but we're okay. But bare bones would be at least $5k I think.

  9. FrugalTexan75 Says:

    As a singleton? About $900/mo. Married and living in a house? No idea.

  10. LuckyRobin Says:

    Ours is $2900.

  11. MonkeyMama Says:

    ...

  12. Chatterbox Says:

    i could live on about $2,000 and that includes my minimum mortgage payments and cutting back on a couple of extra things but still pays for the bills/most expenses.

    without a mortgage it would be under $20k easily. And in the future I am hoping that I can still live on around this amount once the mortgage was paid off. Bear in mind I'm in Australia, so things are different here.

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