Things tend to get more expensive over time and not less expensive. A few years ago, $600 dollars would be a lot of money and you could do many different things with it. Nowadays, that’s not really the case. So, if you’re wondering if $600 dollars a lot of money, let’s find out.
Is $600 Dollars a Lot of Money
Let’s take a look at different categories when it comes to spending money and what you can and can’t do with $600 dollars.
1. Is $600 Dollars Enough to Pay Rent?
It’s going to depend on what part of the country you live in.
In some smaller cities, you can easily make rent for a month on $600 dollars.
If you’re planning on moving to an apartment with a roommate and splitting the rent in half, it’ll still be easy to make that rent payment.
If, however, you live in a larger city or on either coast of the United States $600 dollars won’t pay for an apartment even if you have a roommate.
People on the coast will pay at least $1,000 dollars a month for rent, and in most cases more than that, so your $600 dollars won’t go far.
2. Is $600 Enough Money to Buy a Car?
That’s another big question when it comes to money.
No, $600 dollars won’t be enough money to pay for a car.
If you’re really lucky, you might be able to find $600 dollars worth of junk in a junkyard and buy that.
But, when it comes to a newer car, you’ll need at least $20,000 dollars and more like $25,000 dollars or even $30,000 dollars.
I once bought a used car for $1,500 dollars. It was a Jeep Grand Wagoneer. One of the old ones with the wood panels on the sides.
It was in great shape and looked practically new.
It was actually a great deal, but even getting a vehicle that cheap it still costed more than twice your $600 dollars.
You would, however, be able to make a healthy car payment if you have this $ 600 dollar each month.
3. Is $600 Dollars Enough to Go on a Vacation?
That’s a pretty interesting question because it totally depends on where you’re going and how long you plan on staying.
If you’re going to Disney World, $600 dollars won’t pay for it unless you’re sharing a room with 5 other people.
That being said, there are ways to go on vacation with $600 dollars.
You can stay at a hostel or an Airbnb and travel cheaply without having to worry about many expenses.
$600 dollars won’t pay for a week-long vacation, but you might be able to get away for a couple of nights.
Hotels are terribly expensive and you can expect to pay $200 or more a night.
So two nights will be $400 dollars.
You can use the other $200 dollars to pay for food and entertainment.
Don’t plan on flying as the cost of an airline ticket will wipe out your $600 dollars.
4. What Can You Buy with $600 Dollars?
For one thing, you can’t buy a new iPhone. You’ll need $1,000 dollars for that.
You can get a pretty decent laptop with $600 dollars and there are probably some desktops out there that cost less than that.
If it comes to small electronics like tablets and printers, you should be able to find something pretty cheap no matter where you shop at.
If you have $600 extra cash, you could have a nice little shopping spree but don’t go to any really expensive stores, or you won’t be able to buy much if anything.
5. Is $600 Dollars Enough Money to Start a Business?
That’s entirely up to you.
If you want to start a business, it doesn’t really matter how much money you have.
If you have an idea and a passion for it.
That being said, $600 dollars won’t be enough if you want to start a high-tech company or open up a restaurant or mechanic shop or any brick-and-mortar store.
You can start an online business for $600 dollars or much less. You will end up spending more of your time and less money this way.
You can start a:
- Blog (like this one)
- An online store and sell your own products
- Find stuff to sell on eBay
- Start an Amazon store
- Open an Etsy store
You can use your money for inventory. While you will be starting small, people do that all the time and end up very successful.
6. Is $600 Dollars Enough Money to Move Out of the Country?
The big issue here is getting to this new country.
Once there, you will find places that you can live on $600 dollars a month.
Thailand is your best bet.
It’s a beautiful country and very inexpensive.
$1,000 dollars a month would be better and you’d be able to live well.
With $600 dollars, you could get by.
Now, you just need to find a way to get there.
7. Is $600 Dollars Enough Money to Go Back to School?
If you’re planning on going back to college for a degree, then no, $600 dollars won’t be enough.
You’ll need more than that.
In fact, you’d be lucky if your $600 dollars would pay for your books for one term.
You can, however, take some online classes to gain a certificate in a subject you are interested in.
8. Is $600 Dollars Per Week Salary a Lot?
Well, that really depends on how you look at it.
$600 dollars a week is $2,400 dollars a month or $31,200 dollars per year.
If you live in a small, rural town and you are single, then that is certainly a living wage.
If you live in a larger city or are trying to support a family, then no, it isn’t a good salary.
It is all going to depend on your expenses and goals.
Yes, you might be able to live on this amount of money, but you might not be able to save money or play the stock market to have money for your retirement.
9. Is $600 Dollars a Good Amount of Money to Invest?
That depends on what you want to invest in.
If you’re thinking about buying stocks, bonds, mutual funds, or annuities then no, $600 dollars is not a good amount to invest.
The only way $600 dollars is a good amount to invest in the stock market or anywhere else is if you are able to add to it each month.
You can use something like the Acorns app to have money put in your investment account automatically.
Take your $600 dollars and dump it in there and then add to it each week or month.
Over time and with the magic of compound interest, your money will grow over the years.
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10. Can I Live on $600 Dollars a Month?
Most likely no. Chances are any payments and expenses you have will be more than $600 dollars.
Perhaps, if you have no debt at all and you’re living at home for free then you can get by on $600 dollars.
Keep in mind, that is still only $150 a week.
People can spend more than that just having a little fun or buying miscellaneous items that they need.
The economy is such that $600 dollars simple doesn’t go as far as it used it.
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To Sum it All Up:
Unfortunately, $600 dollars isn’t a lot of money. You’d think it would be but living in today’s world takes a lot of money. $600 dollars might cover a couple of weeks, but chances are it won’t even get you through a whole month.