This just made me appear a lot of questions...
Is $367 a lot of money? Where do you live? I live with my parents without any expenses other than refill my car's deposit to go to "work" (I'm a basketball coach) to win nearby the double of your income, and I can't say that is enough for me, it's really nothing!
Here in Spain you have to pay multiple taxes for being individual entepreneur and for sure is more than $1200 per month. I imagine there is something similar in other countries, at least yours...