How do people live on 50k a year?

I’m 21 and recently got my first real job I would say a few months ago that pays me about 50k a year. My take home is around 2800.

I live at home, debt free, no rent and only have to pay my car insurance, phone bill and a few other stuff each month. I was thinking of moving out before going over the numbers for rent and expenses. But i determined with rent Plus my current expenses I’d have almost zero income left over every month. Even just living at home my paycheque doesn’t last me very.

So how do people with kids, houses and cars afford to do so on this budget it just doesn’t seem possible. I believe the average income is around 60k but even with that amount I don’t see show people make it work without falling behind.

submitted by /u/phukmondays to r/PersonalFinanceCanada
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