88

The point is not to chill and just burn through the savings and not work. How would having that much money saved, change the way you look for jobs?

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[-] I_Fart_Glitter@lemmy.world 4 points 1 year ago

You said in another comment that your rent was $800 a month, two years of that is $19,200. Rent is (supposed to be) about 1/3 of your living costs, so that would be $2400 per month. You're good for a little over 4 months, more if you live very lean.

Average cost of groceries per person per month in Texas is $289. Let's say you're thrifty and only spend $200. https://www.sofi.com/cost-of-living-in-texas/

Gas has averaged about $3.10 over the last year. https://ycharts.com/indicators/texas_retail_price_of_gasoline_monthly I don't know how much gas your car uses or how much you drive, but lets say you drive a prius and get 50mpg. Most people drive about 1200 miles per month ( https://www.thezebra.com/resources/driving/average-miles-driven-per-year/ ) let's say you only drive 1/4 of that, so 300 (75 miles per week). Not bad, only $18.60 for gas. Minimum legally required car insurance in Texas (gets you nothing if your car is damaged) is $47 per month (https://www.bankrate.com/insurance/car/average-cost-of-car-insurance-in-texas/).

Average utilities in Texas (including internet) is $402 per month, again you're thrifty so we'll halve that at $200 per month.

So, if you buy absolutely nothing besides bare minimum groceries, gas, car insurance and utilities (I'm assuming you're on no-cost Medicaid here), that's $465 per month + $800 rent is $1265. You're good for almost 8 months. Not a dire as some here are claiming, but also not two years. If you lived like the "average Texan" it would be about 2.5 months.

this post was submitted on 02 Sep 2023
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