In my regular life I work as the Marketing & Communications Manager at Pip Learning, a global education company that helps educators improve their students’ performance through classroom assignments, online assessments and professional development. I live in Victoria, British Columbia, Canada with my husband and we have two young kids. In my free time, I like to travel, read, cook, and shop for home goods. I also enjoy learning about finance, how to run a small business, and get great deals on life insurance. If you want to know more about me, my blog is here .

Money is a wonderful thing. The more you have, the more you can do. But how much does it cost to live the life you want? This is the question many people ask, and the answer is surprisingly simple. Basically, the more money you make, the more you can spend. But how do you find out how much you can spend? That’s where this new blog comes in.

In the past, we’ve used these blog posts to show how much money we made from our day jobs. However, we have decided that our readers might be interested in taking a look at how much money we actually have to spend each month. In this blog post we will show you how to live on $3,000 to $6,000 per month, something along the lines of the budget I use each month.. Read more about budget calculator based on income and let us know what you think.

word-image-17129 word-image-17130 I don’t know about you, but sometimes I wish I had an overview of how much I have to spend to make our monthly budget work. Especially when I’m going through our specific bills, it’s so nice to google: How much does the average family spend on a cell phone to see if I’m overspending. If you read this article, maybe we can become friends – you love that kind of information too! Therefore, I described my monthly budget for living expenses as $3,000 to $6,000. Over the course of our careers, we have found that we make more each month than we did three years ago (less than $3,000 for two people). After dancing with happiness for a while, we got to work and figured out how to budget that money each month to make the most of it for us. I’ve also marked our budget so you can see what I can cut from our budget if we need to find extra money to pay the bill.

  • GREEN : Mark in green anything that is non-negotiable (i.e., you have to pay or pay for something else).
  • ORANGE: Then highlight your pretty little things in yellow and
  • RED: Finally, mark in red the words I could do without if I had to.

One thing: You may not agree with the way I prioritize our money ….. This is a good thing! It’s not your money ;). Your budget will be,of course,different because you have different priorities. My budget is just a starting point for you to think about how to put together your own budget! Note on costs : We live in a suburb of a large city where the cost of living is high. We are a family with two children, a large St. Bernard and a kitten. Some of our costs may differ from yours, and that’s okay! If you’re not sure what to budget for a particular category, look up the average cost (of what you’re looking for) in (your state). Total = $3,870

Budgetary expenditure

These are our self-explanatory problems. The cost of many of these things depends on where you live, the size and age of your home, etc.


Utilities (sewer, garbage, water, electricity) $200

Internet $60

Car Loan $391

Auto and home insurance $185

Charitable contributions $10

If you like to donate to certain charities, set aside a certain amount in your budget to be a regular benefactor!

Digital Subscriptions $54.61

Our family loves all digital subscriptions, including Disney+, Netflix and Spotify. But I’m not sure they’ll stay. Did you know that the average American spends $650 a year on digital subscriptions? If we had to save for something, this category would be one of the first, because we don’t need Disney+ to live (contrary to what my 5 year old would think). Note that we don’t have cable either, so we don’t pay double rates!

Children 529s $50

We decided to help our children pay for their education. So we set aside a small amount each month in a 529 account. We start when our children are born, which gives us 18 years to do our part.

Pet food $65

Last month alone we spent $400 on vet bills, new dog food and blood tests for a sick dog. Pets are expensive (and even more expensive if they are 200 pound St. Bernards #prayforus). I don’t think we were aware of the financial commitment we were making when we adopted our dog.

Cost of living

Food (family of 3) : $680

Do you know how much money you have to spend on groceries each month? The USDA has created a guide where you can find national averages. This is especially helpful when trying to determine if you are overspending on food for your family size.

Restaurants and take-away food: $180

We go out to eat or take something in about once a week. The average order is $40 to $50.

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Transport (gas) $180

(Slight decrease due to the pandemic and lower gas prices last year) Since my husband drives to work, we have to set aside quite a bit of money for the transportation budget. Yours may be different if you use public transportation.

Treats and games for children $40

This is actually my child’s pocket money ($5 a week for each child). We use this money when they want something to eat at the store, a new toy or a Happy Meal. When the money runs out, they have to wait until the next month to get new goodies.

Actual expenditure

Family birthdays $20 (with pandemic)

This money will be used to buy gifts for my child and his friends (including a fancy dinner). We host our own birthday party in the park to keep costs down. And my husband doesn’t mind a cheap gift for his birthday.

Accountant/lawyer/tax adviser $40

I prefer to keep $500 in our account for expenses related to taxes, accounting or legal matters.

Father’s Day/Mother’s Day/Birthday $15

Personal care products $40

These purchases include new cosmetics, shampoo, vitamins, hair appliances, etc.

Vehicle registration $100

This amount is adjusted each year to account for any changes in our car’s registration (since we haven’t bought any new cars lately, our registration drops each year).

Entertainment $40

Vehicle maintenance $100

This category pays for oil changes, routine and unscheduled maintenance, tolls, parking fees and, of course, parking fines (one of us has a lead leg!).

Basic functions $50

These include new filters, light bulbs, laundry detergent, small appliances, decorations, etc.

Home care $180

This includes home repairs, gutter cleaning, etc.

Clothing $70

Appointment hair $45

(Down with the pandemic) We have come to the conclusion that it is convenient for us that my husband is so gracious to me to cut his hair. I’m not a hairdresser and I must have watched about 1000 hours of YouTube videos, but now I can give her a modern haircut with style! It’s simple, but it saves us between $300 and $500 a year. Now that my son is seated, he also lets me cut his hair, which saves us even more money!


Contingency fund $80

We set goals for the emergency fund and our first goal was $1,000. Once we had $1,000, we started working on $3,000.

Christmas $100

I’d rather save $100 a month for Christmas than at the end of the year. This takes all the stress out of saving for Christmas, because I treat it like a bill that has to be paid every month. If I start in January, I’ll have $1,200 ready for the holidays in December!

Future objectives

Living on $3,000 to $6,000 a month takes the financial pressure off our family. It’s hard to believe we were living on $2,500-3,000 a month when we got married and felt regal! As we make more money, we need to make more conscious decisions to ensure our money is used effectively. However, we have objectives for the future that we want to work towards. Here are some ideas to help you plan your future goals:

  • Saving deductions (medical, car and home): Are you prepared for a natural disaster? If you have the money, you can pay the deductible right away so you can focus on the emergency.
  • Pediatric orthopedics : My kids will need braces, so I want to save that money for when we need them.
  • New computers/furniture/appliances : These things tend to be expensive, so we want to start saving for them as soon as possible.
  • Investing: We would like to put more money into investment accounts.

What are your must-haves on a budget of $3,000 to $6,000 per month? Tell us about it in the comments below!

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So you want to learn how to live on $3,000 to $6,000 per month. If you want to live on a very low income, you should first examine your lifestyle. What are your expenses? What are your savings? What are your income sources? What are your essential expenses? What are your optional expenses? What is the monthly income? Are you making a monthly budget for your expenses? Are you tracking your expenses? Are you keeping track of your income and expenses?. Read more about budget calculator india and let us know what you think.

Frequently Asked Questions

Can you live on 6000 a month?

In the past year, my wife and I have had to cut back on our spending. We used to spend between $4,000 and $5,000 each month. As our income goes down, our spending is not going anywhere. This is where the budgeting comes in. I am going to show you how to live on $6000 a month. This is not hard to do and it will bring you a level of freedom you may not have ever thought possible before. Let’s say you don’t have any debt or any student loans, and you’re planning to start saving a nest-egg for your future. How much money should you set aside for retirement? The answer is more than you might think. With a little planning, you could live a comfortable life for less than six thousand dollars a month, according to a recent Forbes article.

What should my budget be based on my income?

There are a lot of people out there who want to earn more money and live a life of luxury. The concept of making more money and spending less is popular, but what they don’t realize is that the amount of money you earn has a direct correlation with the amount of money you spend. Most people think of budgeting as spending money, but really, a budget is not about spending money, it’s about spending wisely. Therefore, the only way to create a budget is to first define your needs. Since everyone is different, you have to analyze what you spend on, in order to get a better picture of where your money is going. For example, if you depend on your credit cards to pay for everyday expenses, it’s a good idea to cut back on those purchases.

How do you calculate a monthly budget?

Everyone has a budget, and you should have a budget. Even if you don’t, it’s important to know how much money you can afford on a monthly basis. In this post I’ll show you how to calculate a monthly budget with a budget calculator, fast. There are many ways to calculate your new budget. The easiest way I know of is to go online and get your monthly expenses (excluding taxes, of course), then add a little overhead and you have your monthly income. You can then add up the income and costs, and see where you need to cut back to make ends meet.

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