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Pro money savings9/3/2023 ![]() This way, you’ll save on both the rent and the utility bills. If you’re already renting a place and the rent is a bit over the budget, you don’t need to move. If you decide to rent a place, choose areas in your city where the rent is affordable. Think about where living on 1000 a month budget will be doable. But in case that isn’t an option, there are other strategies to consider. When it comes to housing, one way to save money is to live with your parents. It ranges from low $5,800 (South Dakota) to soaring $14,600 (Hawaii). The average annual housing costs in the US widely depends on your state of residence. Still, you need to know that there are many things you can save on. Of course, you can’t suddenly stop spending money. Above, we mentioned the first four steps that work in theory but might be harder in practice. It surely is possible to living on 1000 a month, but it won’t happen overnight. With smart spending, there will be enough to go through the month and even save some cash. Determine the spending budget and follow it.
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