Plan of action to be taken for moving out.?

Question

I will be 18 soon, and i plan on getting my own apartment. Aparments where i live are roughly 300-400 a month and many of them include electric and gas. I will be turning 18 at the beginning of my senior year of high school. I make around 200 dollars a week at my job. I have health insurance through my job, and i have a car and pay the insurance myself. I also pay my cell bill, and the internet bill at my house. I still feel as though there are other precautions i should be taking before moving out into a place. Will school and work i think it may be tough. I feel though that i have covered many bases, including the insurance, and making sure ill have enough income. Any suggestions as to what else i should be doing to prepare?

Answer 1

dont forget you have to buy furnature and all of the little things you use every day (like forks plates trash cans towels ect...). I just moved and we ended up having to drop around 400.00 in the first few days for things we absolutly needed and food. You need to come up with a budget and see how much cash you have on hand after all of your bills because you need to save for unforeseen expenses as well (car breaks down) and eventually a house. Good luck.

Answer 2

Renters require your monthly income to be at least 3 times higher than the rent. Plus you will need to buy furniture, pay for utilities, renters insurance ect. You don't say what your car and isnsurance cost currently, but I would guess they already take up 1/2 your monthly take home. Plus the landlord is going to check to see if you have "steady" income, a part time job at the local k-mart is not "steady" income.

Stick it out until you graduate and can get a real job.

Answer 3

$300 rent is 37.5% of your income. You need a larger income before you can afford to move out. Graduate form high school and start working full time first.