Should I move out making ~1400 a month?
Hello. I am 18 years old and i’m starting my new job making ~1400 a month part time. I also have a second job on call but don’t want to include those in my income because they aren’t garenteed.
My friends are really wanting me to move in with them and rent will be around 500-700 a month including utilities. (we have always wanted to but never knew when)
I will have around 1500 when the time comes to officially move out. Is this a smart idea? I’m in school full time with no debt due to it being CC so i can pay it all and my family life isn’t bad at home but i really just wanna get out.
Also I can get another full-time temporary job when it’s the school holidays.
- It’s not practical to spend 50% of your income on rent and utilities. You either need to find a cheaper housing situation or increase your income before taking on your own housing expense.
- You’re writing here because you feel it sounds like something you want to do, but have a gut feeling it’s not the best move. Trust your gut and folks with some experience giving you the feedback you requested – it doesn’t make sense, at least at this time. Work hard on getting that degree and applying it. A few years of sacrifice but worth it. Then consider the apt with friends. Come back around for other tips (car, apt, savings, etc), many will be here with some good friendly advice.
- No, it isn’t smart to spend 50% of income on room and utilities alone. Save that cash for a head start when the right time comes.
- If you move out do you have the option of returning if something happens? One potential issue is having to rely on rommmates to pay their portion of the rent. What would happen if those roommates lose/quite their job?