Can you live off 200 a month?

It's totally doable and you'll be fine. I lived on about 200, maybe couple quid more (I
think 110 per 2 weeks), for 6 months in London (student as well) and it worked out
fine. 200 per month will leave you with about 6-7 per day to spend.

What are personal expenses?

personal expense - the cost of personal or family living; "some personal
expenses are tax deductible" disbursal, disbursement, expense - amounts paid for
goods and services that may be currently tax deductible (as opposed to capital
expenditures)

What is a comfortable salary for a family of 4?

Yes, a family of 4 can live on 100k per year. The average household income in the
United States is approximately 73k according to the US Census Bureau. At
this income level you would have to commute rather than live in the most expensive
cities such as Boston, San Francisco, and Manhattan.

Where is salary expense found?

Under the accrual method of accounting, the account Salaries Expense reports
the salaries that employees have earned during the period indicated in the heading of
the income statement, whether or not the company has yet paid the employees.

Is salary a direct expense?

Direct expenses can be directly traced back to a particular product or cost object. ...
Depending on the business you run, wages or salaries may also be viewed as direct
expenses. Direct expenses are most often variable costs.

Is salary a fixed cost?

Fixed costs are usually established by contract agreements or schedules. ... Examples
of fixed costs include rental lease payments, salaries, insurance, property taxes,
interest expenses, depreciation, and potentially some utilities.

Is a rent expense an asset?

Under the accrual basis of accounting, if rent is paid in advance (which is frequently the
case), it is initially recorded as an asset in the prepaid expenses account, and is then
recognized as an expense in the period in which the business occupies the space.