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Living off the Federal Minimum Wage | Is It Possible?

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Its Mandy

For the entire month of June, I lived off the federal minimum wage. We were able to do without making many changes to our normal spending and with money left over at the end of the month.

The only topic that I didn't discuss in the video was health insurance. Health insurance is such a complicated topic and I'm not sure what a reasonable premium is for someone making minimum wage. I actually just got health insurance (July 1st) after two years of not having any. For my husband and I, our combined monthly premium is $220. However, there are a lot of low cost options for people making low incomes. By searching available plans through the health care market place, it seems like someone making minimum wage in TN qualifies for free or very low cost health insurance some of the plans had very low deductibles as well.

Favorite Books on Finance:
The Millionaire Next Door https://amzn.to/3mXrw3d
Rich Dad Poor Dad https://amzn.to/3kTJWPM

posted by Animelli74