How much do you spend monthly on basic expenses like meals, transport, phone bills, and buying necessities?

Yes definitely. if you can scale it back any more, then I really salute you.

Hi,

For a full time working adult, it is considered very reasonable. But it also depends if this $500 is during the HA phase (stay home everyday with very minimal entertainment activities)?

I know most people who have a huge difference in their spending when its during CB/HA phase VS the period when they can dine outside.