Can I move out at 18 and afford it?
The best way of seeing if you can swing it is to plan a budget. Making 8 dollars an hour, working 20 hours a week (part time), you'll be making around $160/wk. That's before taxes. After taxes, you can expect to clear right around $120/wk (depending on your income, and how you file your taxes). Bringing this out to a monthly rate, you'll be clearing around $500/month. Rent is going to depend largely on the location you're at. I live in an urban area, and rent is $2300/month +utilities for a 3 bedroom house. This is pretty steep, but I can't imagine finding a 3 bedroom apartment for cheaper than $700/month. That means (after you get a roommate), you are going to have $150 for everything else. This includes utilities, entertainment, food, car payments (if they happen), and other miscellaneous expenses (like internet and cable). Realistically, the job you have currently is not going to support your moving out. I would suggest making around double what you'd be making to give yourself a good life outside your mom and dad's walls. As for being getting a full time position while taking classes...that is entirely your call. As a college student myself, I don't think I would be able to handle more than 20 hours of work a week, however that is a personal decision you'll have to make. Good luck!
Can I afford to move out on 9/hr?
First congrats on your graduation! you bring a net 1400 a month, which is really about 1100 depending on what state you live in and what other deductions you have coming out of your paycheck. Before you move out you need to keep in mind that because you may not have perfectly established credit or previous accounts with electric/cable companies you may need to put a good sized deposit down to get your services started. Your basic cable and internet package will be about 80 a month. If you live in an area where you will need constant air conditioning or heating it could greatly affect your electric cost. My bill for a one bedroom place can range from 60 to 300 in the winter. Be sure you always keep some reserve in your savings because things always tend to pop up when you least expect them. Let me know if you need anymore help! =o)
Could I afford to move out?
Sorry my post is kinda long. So some background information. I’m a 23 year old male Work full time and school part time currently and live at home. Parents aren’t making me move or anything just feel like I need some of my own space. I currently have a stable job ( been with the company going on 6 years and currently in a maangement position) making close to 17$ an hour. My average paychecks are around 900-1000 every two weeks. (After taxes, insurance and distribution to my health savings account and retirement fund) My current bills monthly are totaling around 660$ ( car payment, car insurance, phone, streaming services, and gym membership) I was wondering if this is a comfortable amount left over to allow me to move out? (About $1140 left over if I average at 900 even bi weekly) I commute a little for work ( about 45 minutes) but my car gets good mpg so I fill up once a week or so (35$) Obviously after I save up 4-6months living expenses in savings Incase something goes wrong with work. I think I’m pretty financially responsible and have a excellent credit score of 783 currently. Do you think this is doable? If so what should my rent rage be? How much do utilities usually cost for a small/mid sized apartment? Currently live in Illinois. Thanks :)
Can I afford to move out?
I am 18 years old and want to move out and live on my own. While my parents have helped me financially with my car and paying for some of my schooling, it is not healthy for me to live with my mother anymore. I tried to stick it out as long as I can just to save money living at home because I don't have to pay rent but it has become intolerable. I have about $2,000 remaining in my savings after paying for two years of community college. (no financial aid.) I currently have a job but haven't been getting many hours, so I probably make around $500 a month. I already have a car. So groceries for one, gas money, bills, and rent..could someone give me an idea of what that would cost?
At what age did you move out and could you afford everything at that time?
I left home at 17. I got married a vs wasn't even pregnant just desperate to escape a hostile home environment. We head a one bedroom apartment that at the time cost $250/month with the electric separate. We were young and in love so it was fine. I was a waitress and he was working at a pizza place as shift manager while going to ITT (school for electronics) at night. I knew about a hundred ways to cook ground beef which was the cheapest option at that time. Gas was 50 cents a gallon at the time. Instead of going out to a movie we'd use that money to buy a board game of more likely a new book or dice for D&D. Every Saturday the game was at our place and often lasted until time for me to go to work at 6:00 Sunday morning.We weren't rich but we generally head enough money for our bills, food, and gas. We were happy and we had a lot of fun. Either of us alone could not have afforded it though.
Can I afford to move out?
I’m a 21 year old woman living with my mom. We don’t get along sometimes and I’m ready to move out. She still treats me like a kid, I have a job, I take care of my personal bills and i don’t ask her for anything. I pay $90 for my phone bill, $266 for my car note & $230 for my car insurance. i make about $1600 monthly. I have $4,500 saved up. The apartments I’ve been looking at range from $580-680. Do you think im in a stable place to afford a rent of that price plus my bills? Im not sure what’s a good place to be in to move out. Thanks.
How can I afford to move out when I'm in college?
You can't, UNLESS you have a job that can pay for rent, food, transportation, gas and electricity, phone, internet, laundry, life related expenses (clothes/deo/soaps/lotion etc), other college related expenses (assuming you have loans for tuition or your employer is paying for it). That's the minimum number of things that i could think of that you have to be responsible for. I would recommend staying at home until you finish undergrad, then move out. If staying at home is not preventing you from getting your degree then finish and move out. You'll save tons of money. You can start the move out process by looking for work from your senior year at college. But the longer you stay at home lesser loans you can take out, which will help you save more once you actually have a job after getting that degree.
I work 40 hours but can't afford to move out?
I work anywhere between 38 to 40 hours a week at $10 an hour. After taxes I pull in around $1100 to $1200 a month. Honestly I have been really working hard. I have been at my job for several years now which I started a little bit above Illinois minimum wage ($8.65/hr). What shocks me though is I make quite a bit more now than the state minimum wage of $8.25/hr yet I can't afford to move out. Searching online I see your rent should be about 30% of your take home pay. For me that would be about $350 to $400 but the cheapest STUDIO apartments I have seen are like $450 and that's rare. A lot of advice online says just save up every penny. Well that's not the problem. I have thousands saved up but I'd be running on reserves. I'd only be able to move out for a year or two until my savings are gone. As far as other costs I have $80 cell payment, $120 car insurance, gas for car, then I'd need internet and utilities. I'd also need a little money for food and various other things like toiletries and such. With $1100 I'd be BARELY making it and quite possibly not making it. I even thought I could save some money not getting cable because I don't watch TV. My internet I definitely need. Also I forgot to mention I have tried applying at some apartment places but they said for me to rent an apartment from them I need a pay stub showing the apartment I wants rent is less than 35% of my pay which is impossible. Any advice at all is greatly appreciated thanks.