so im 19 years old and i will be moving out of the house finally next week. i was just wondering. the rent and everything included (water, electricity, ect) is going to be $425 a month for each of us and its 2 ppl. i work at a tanning salon and make $5.15 so i know its not a lot but my last check was about $180 for a not busy week. my parents are doing this thing where ill pay $200 a month and they will pay the rest. so do you think this is manageable? im just scared that money is going to be tight.
2007-06-21 18:30:08 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
your not going to have too much spending money so really limit yourself. like only go to the grocery once a month. And only go shopping when absolutly needed. I think itll work and if it doesnt then get a higher paying job or get a second job.
2007-06-21 18:34:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, money is usually tight when you first move out on your own. To pay your $200, you'll be taking about $50 a week from your paychecks. But there are a number of other expenses you'll have that now you don't, living at home.
2007-06-22 01:34:47 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Yes, money is going to be tight.
Other factors that you may have to consider:
1) food
2) medicine
3) pet supplies (if you take on this unnecessary expense)
4) household supplies: cleaners, soaps, etc.
5) car insurance
6) gas
7) phone
8) cable TV (if you waste your money on such nonsense)
9) internet
10) water
11) electric
12) downpayents for many utility accounts
13) car repairs
14) replacing stolen/damaged goods; if you live in a high crime area
15) taxes
If you aren't going to school, consider getting two jobs, or one job at which you can work at least 60 hours per week.
Better yet, unless your IQ is under 105, consider getting into school instead of blowing years of your life working deadend jobs.
Living away form your parents is definitely worth it, but make sure that you never run out of money. Work more hours than you want to, to make sure of this.
Being short on money can be very stressful, as well as cause you to get stuck in situations that you will wish you hadn't gotten into.
"Chance favors the prepared..." Louis Pasteur
2007-06-22 01:43:47 · answer #3 · answered by energeticthinker 5 · 0⤊ 0⤋
you'll probloy be making a little over 740-750 a month depending on your daily needs money will probobly be tight, you might look into a roomate to split everything with, but that could possibly end up doubling the bills (waster electricity, etc) but bugeting is probaly your best bet, but depending on your rent you might need to take on a second job- which might be better considering the minimal wage at most places that I know is 6.50 but over all it's managable you might just need to hold off and seen how the situation pans out
2007-06-22 01:40:31 · answer #4 · answered by Serena F 1 · 0⤊ 0⤋
.Assuming your parents will support you and you only have to pay $200 per month, that leaves approx $ 400 pm or so, depending on how much work you have. It's not a lot after food, outings etc, specially if you try to save for when your parents decide it's time for you to pay your own way. I would think hard before deciding to move.
good luck either way
2007-06-22 02:07:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
cool parents. but yeah money may be a little tight. you can get a better job though maybe. and where do you live that the wages are so low? wow I didnt know there were such low wages.
2007-06-22 01:33:49 · answer #6 · answered by Anonymous · 0⤊ 0⤋
it may be. but just be cautious on how you use your money.. just necessities right not but once you get the hang of it, it will come naturally.
2007-06-22 01:33:35 · answer #7 · answered by rakhee k 3 · 0⤊ 0⤋
yes.so work is improtant try find a job .
www.in-brands.com
2007-06-22 01:33:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋