I am 18, currently a senior, trying to find a job and be out on my own but I can't right now due to my financial status.
2007-01-10 00:44:06 · 8 answers · asked by tu amor 1 in Business & Finance ➔ Careers & Employment
My daughter is also getting out on her own this summer. I have taught her to BUDGET, BUDGET, BUDGET. It's not how much you make but rather how much you spend. Our house is paid for. We take snow skiing trips, have 2new H-D motorcycles, 3 go carts our own dirt track and much more, ALL PAID OFF. We did this because our house only cost 60,000 and hardly ever ate out. So Always save some of your budget.
2007-01-10 00:58:42 · answer #1 · answered by BKN 2 · 0⤊ 0⤋
Don't get in to big a hurry to move out. After you get a job, check around and find out @ how much it will cost you to live on your own, rent, utilities, phone, insurance etc. then save at least 6 mos of that amount. If you are living at home it shouldn't take too long.
When you move in a place typically you have to have 1st and last months rent and a security deposit (that's 3 mos of what you've saved up) then make sure you save a little money ea month from your pay. Preferably around 20% of your pay.
That is why you want to do a budget that gives you that kind of room and that you don't move into some place that eats up all your money.
You could also think about getting roomates, but if you do that make sure everything is spelled out in writing or it can get ugly.
If you are Christian, don't forget to set aside a tithe or offering to help those in need, giving to your congregation, or a homeless shelter, or a place which feeds the hungry.
2007-01-10 08:57:46 · answer #2 · answered by thankyou "iana" 6 · 0⤊ 0⤋
I'm sure you can do fine, but you need to know exactly why you're having financial issues. Get a little notepad you can carry in a purse or pocket and write down every penny you spend. Alternatively, don't spend any money without getting a receipt and add them up at the end of the day. Where is your money going? How can you cut your spending? Step 2 is to look at your income. Realize that no one ever feels they have enough money unless you're a multimillionaire, so don't feel alone there.
Would a job or 2nd job help get you out of this hole? Can you get a restaurant job where you earn tips? Anyway, analyze your spending and create a financial plan for yourself. Knowledge is power.
2007-01-10 08:59:07 · answer #3 · answered by David M 7 · 0⤊ 0⤋
Don't be in such a hurry to grow up. The best you can do is get the best job you can, budget well, and save as much as possible. When you're ready, move out. Try not to finance your life with credit, you can get into serious trouble. Take it slow, and make sure you have 6 months worth of rent, bills, and food (money for these items, not the actual items themselves) saved up before you move out.
2007-01-10 08:54:22 · answer #4 · answered by Joe L 3 · 0⤊ 0⤋
You should really think about college or at least becoming skilled in a trade. Consider financial aid, college loans. If you don't you will more likely be in financial trouble for a long time. Good luck.
2007-01-10 08:52:06 · answer #5 · answered by Jabberwock 5 · 0⤊ 0⤋
think positive. success comes from successful thinking folks. on a piece of paper, write down your dream that will get you the finances you really want.
2007-01-10 08:51:18 · answer #6 · answered by REALLY 5 · 0⤊ 0⤋
you have access to internet,in my view it is the best place to find a job,irrespective of your financial condition.Write your resume and post it on job sites.Try through your friends network also.Who are employed.
2007-01-10 08:52:40 · answer #7 · answered by arem 1 · 0⤊ 0⤋
If you are careful on how you handle your finances, you should be ok.
2007-01-10 08:47:14 · answer #8 · answered by Jack Bauer 2 · 0⤊ 0⤋