How much money should I save before moving out of my parents house?
Build a budget including all income and expenses. Typical monthly expenses include: Rent, Loans, Water, Cable, Internet, Phone, Electricity, Car Insurance, Renter’s insurance, Groceries, Gasoline, and spending money. The cost of bills depends on where you live. There are lots of free budget forms for download; also check out DaveRamsey.com and mint.com for help budgeting. Rent should never be more than 30% of your monthly income. If you don't have enough money coming in to cover these expenses, consider getting a roommate. Make a savings plan to prepare for moving out. There are lots of "start-up" costs involved in moving out the first time. Deposits for apartment and bills are the largest factor. Other things to save for are: Furniture (bed, couch/chairs, coffee/side tables, TV stand), electronics (TV, Computer, Microwave), Pots & pans, Dishware, Silverware, Bedding, towels, and the list goes on. Buy what you can in preparation for moving to decrease the amount you're spending at one time. In addition to saving for the items listed above, put some in savings for a “rainy day” in case of job loss, medical emergency or car accident. $1,000 is the minimum, 3-6 months bills is recommended.
If you were moving into a new house, and you had about a month and $5000, what upgrades would you make before you moved in?
Not sure if this will help, and everyone will have their own opinions & ideas. One thing to remember is there is no right or wrong, but there are good and bad ways to go.I'm a self employed building contractor with 25 years experiance in the construction industry some on the tools and somev at senior management levels. I have 2 trades under my belt along with qualifications in construction engineering plus experience in my own property development projects. You don't mention how complete your new house is. If it's anything like the UK, i'll assume you have kitchens with basic white goods, which could include washer & drier & Gardens are basic. The fixtures, fittings & finishings will be standard or basic and neutral.There's not a great deal you can do to a new house with your budget especially if you are going to pay someone else, so best to look at cosmetic works, like fixtures, fittings, soft furnishings, landscaping and planting, cupboards & storage, If your looking at adding value, Landscaping and planting especially if done well, will. Good quality storage solutions especially if built in are always desirable.First part of your budget is to buy some decent tools for home & garden, then a decent sewing machine, some books and literature on making soft furnishings, and basic DIY, if you don't already have these skills. This will allow you to stretch your budget and get 10000 + dollars worth of work. The best thing to start look at your immidiate needs, then your needs in the next few months, then the next year, this will help you focus and prioritise. Next is the fun bit... get some home & living type magazines, sit down with your partner over a cuppa and discuss all the things/styles you like/dislike, fill a sheet with ideas.The same goes for the garden, consider your uses/ future uses. Hope this helps... Think of your house as a blank canvas, let your creativity flow turning it into a home you love to spend time in. The more creative you are the further your budget will go.I wish you all the best.
Is 8000 enough money to have saved up when i move into my own apartment?
If you end up with exactly 8000 and get an apartment for 700 a month for a 12 month lease, you could pay off the lease except for 400 up front. The other factors are the utilities. Look for an apartment that has all utilities included, but if not at least free heat and water. I also suggest looking into an all electric apartment. This means you would only have 1 bill a month besides phone, internet and cable. Electric in a 1 bedroom can run anywhere from 30 a month to 100 a month in a 1 bed 1 bath apartment. Be smart and invest in some energy saving lightbulbs. Next, set up your cable, internet, and phone or combination of them in a bundle with 1 company. This allows you to have 1 bill rather than 2 or 3. Next, you are going to be spending about $250 a month on food for yourself if you budget and take advantage of savings. Finally, don't forget about furniture, dishes, clothes, TV, computer, towels, pots, pans, cleaning supplies, toiletries, etc. that are essential to living. Let me know what you already have and I can give you a better idea of if you can afford to live in your own apartment. Generally, rent should only be a third of your monthly income.
How much money could I save if I built a house with SIPS in comparison to sticks for the same house?
"New, unproven construction technique?" not hardly. We have used SIPS at times since the mid 1980's and they are widely accepted and respected by knowledgeable and experienced construction professionals and engineers. Just because they aren't in your wheelhouse and production/volume builders don't use them doesn't mean they aren't accepted. Volume builders are the last to implement techniques that deviate from the norm. As to cost differences? If you design a home to use SIP's the way they work best they can be as cost effective or even more cost effective than stick framing. The true cost savings come from the vastly reduced energy costs during the umpteen years you own the home and pay utility bills.
How much money did you have saved up before you moved out of your parents house?
I was 22 when I moved out of my parents house. I had about $1000 of usable cash and $5000 credit to fill up the apartment with necessities. (I warn you against doing such; if you don't spend wisely that credit will hurt you in the end with debt.)I am the "breadwinner" of the household, with my income ~$800 biweekly and my fiance ~$600 monthly (she is a college student).It's been close to 2 years and although times get hard we cannot imagine willingly going back to our previous living situations. Not that they were bad, it's just hard losing the sense of freedom once you obtain it. If you are thinking of doing so, it can never hurt stockpiling cash until you have more than enough to cover deposit, necessities and I'd say 3-6 months of rent. Worse case scenarios happen far too often, and usually without enough warning. I love in Northern California btw.P.S. You will most likely have to borrow, more than once. We have all been there. You aren't the first and will not be the last. Don't beat yourself up about it when you do.
My boyfriend and I moved into my mom's house to save up for a house, but he is spending too much and barely saving and I'm ready to move out. How should I handle this?
You two are operating on different planes. From my vantage point I see that you are obviously more focused and disciplined with money than your boyfriend. It makes me wonder how serious he is about this idea about saving for a house. It's likely he's content living rent free and is in no hurry to move on. It's a pretty sweet deal for him.In light of that, you also need to question if this is the guy for you. If he is this irresponsible now, he will be later if you get a house. You'll be the one fretting about the mortgage, not him.The only thing you can try to do is to negotiate with him. Find out how serious he is about being with you for the long run. If he is, then you two have to get serious about saving money. Plot out where you want to live and how much houses cost in that area. Decide how much think you should have to put down on a house.Look at what each of you bring in monthly. To be fair, you both should contribute the same amount or percentage of your income to your house fund. No exceptions should be made except in an extreme case of cut hours or job loss or change. You and your boyfriend should be doing this together and in agreement. Nothing will work out for you otherwise.