I am 18 years old and currently living in Indiana with my mom and her boyfriend. My boyfriend lived in Wisconsin and so I was planning on moving to Milwaukee with him and eventually going to school there. We'll both be moving into the city without jobs right away but should have one within a month.
I currently have bills that total to about 400 dollars a month.
As far as moving expenses, there will be none other than gas as I will be having family help me move everything.
What do you think would be an appropriate amount of money to be saved considering the circumstances?
2006-11-26 05:30:39 · 3 answers · asked by grlnxtdoor 2 in Business & Finance ➔ Personal Finance
We'll be moving into an apartment. Probably around 700 dollars a month with partial utilities included.
2006-11-26 05:36:47 · update #1
You will need at least first, last months rent and maybe enough for a security deposit. That could be anywhere from 1400 to 2100 dollars. Turning on your utilities usually has a charge as well so save about a 100 for that. I would also suggest saving the 400 that you will need to your already existing bills plus another 200 for food and miscellaneous items. I am assuming that your boyfriend will split the apartment costs with you evenly so you need $1,100 each for the apartment and an additional $600 on your part for your food and outstanding bills. I would aim for about $2000 in case it takes longer to find a job or at least so you can guarantee paying your second month of rent if you had just gotten a job when rent was due. Good Luck!
2006-11-26 05:44:09 · answer #1 · answered by Becky R 3 · 0⤊ 0⤋
I've been in your position before and there are so many factors that go into play. In fact, I'm going to be moving from Cali to Hawaii this July. The amount I have saved up for it is $35k, but I don't think you need that much at all. Even though you have your fixed expenses, it also depends a lot on your spending habits that you have and the type of lifestyle that you want to lead. Costs can add up pretty quickly. Crunch the numbers and see what you come up with. For instance: Rent: Renting an apartment would be more costly than renting a room to start. Start with a room if you feel comfortable on a month to month basis and when you get a job and familiar with an area you like, then get an apartment. Plus, if you get cool roommates you have instant friends/network. Health Insurance Food per month Phone Bill (If you have a cell) Vehicle (Don't know if you have a car, but if so, you have the expenses that come along with it- insurance, gas, oil change, registration fee, smog check, etc.) Other expenses: (odds and ends that may come up) Again, a lot has to do with your spending habits, how confident you feel that you'll find a job (even if it's part time to start), and such. I've always been told that you should have at least $15k saved up if you are going to do a proper move, but it really does depend on the person and situation. Be smart about it (you can save so much money by buying food from the right places and not eating out a lot, or getting the coffees at starbucks and such). I always look for the deals at the grocery stores, dollar stores, etc. Good luck with your move and hope it all works out for you.
2016-05-23 04:45:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
it depends what kind of home are u living in. like an appartment or a hundred thounsand dallar home. that's the first step. good luck!
2006-11-26 05:34:02 · answer #3 · answered by Anonymous · 0⤊ 2⤋