Generally speaking, how much money do you think one should have saved upon moving out of their parents home? (A young person, about 21 y/o)
Excluding the cost of funiture and first/last.
I'm thinking $10, 000 (canadian) would be suficient. Providing one is employed. What do you think? I'm just looking for some opinions.
(Yes, I have re-posted. I'm just trying to maximize my answer results. lol thanks)
2006-12-05 14:43:09 · 3 answers · asked by ebonii_cuteee 5 in Family & Relationships ➔ Family
I dont think you need to have any set amount of money to move out of your parents house. I left with nothing but a job and made it just fine. As long as you have monthly income to pay your bills your savings can be at any amount.
2006-12-05 15:25:12 · answer #1 · answered by freakyallweeky 5 · 0⤊ 0⤋
Excluding all the things that you need to move out... I spent about 2K just getting all the necessities. Moving out, if you are attending college, I'd say 5K. Some money reserved for emergencies. Depends on how nice of a job that I would have. If i made nice money, and was still going to school, I'd keep as much as I could. I'd put some in an IRA, or something like that. You can always pull it out before you turn 55 or 60, and get taxed on it, but its more of a out of site outta mind account. I usually try and keep 3k in the bank. I put into my 401K at work, but have no savings. So my 3k in the bank is for my gotta have it splurges, and savings/emergencies.
2006-12-05 22:59:40 · answer #2 · answered by dontblamemeivoted 3 · 0⤊ 0⤋
move to houston and you can come stay with me and my homeboys girl!
2006-12-05 22:51:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋