As a 20 year old can I afford to move out of home?

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  • As a 20 year old can I afford to move out of home?


Answer #1 | 27/12 2013 18:32
How is living for free next door any different from living at home? Your income is more than sufficient to rent a small apartment, even if you have to have a roommate. Furnishing your place is easy - check out swap meets, craigslist, used furniture stores. The only thing you should have to buy new is a mattress if you can't take the one you are sleeping on now. Use a card table for a kitchen table and cobble together the rest. Goodwill is a wonderful source. When I first moved out (35 years ago) my mom took the opportunity to redecorate and give me a lot of her older furniture, and I still have a few of those pieces. Maybe your folks will donate similarly to your cause. But it is way past time for you to be on your own.
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Answer #2 | 27/12 2013 17:10
Answer #3 | 27/12 2013 16:52
If you are just covering the bills, you should be more than okay. Don't go crazy with cable tv and extras. Many furnature items can be had inexpensively at a second hand stores, Good Will or Salvation Army. You can upgrade one piece at a time as you save.
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Answer #4 | 27/12 2013 17:18
Yes, I believe if you stay smart with your spending you should be better than fine paying only the bills. This is a great offer from your Dad, but you still really need something in writing stating his terms, make sure you follow them, even when you don't feel like it. Also sit down and write out a budget, using your spending from the last few months to see if you spend too much on food or entertainment, so that you don't deplete your savings on frivolous spending. This can also help strengthen your bond with your parents by showing them how responsible you can be. Check out second hand stores and Craigslist for any furniture or other household items you may need, you may be surprised with what you can find for very little money. And DO NOT go into debt, don't rack up credit cards or take out loans, you can get in over your head before you ever realize it. But I think you already know that! Good Luck! I think you will be happy and be able to take pride in yourself :)
Answer #5 | 27/12 2013 16:34
Yes you can make it. Before your move you make sure you have the basics. A bed, TV, Dishes etc. Everything else you purchase later. One item at a time if necessary. If you are only paying water and electricity you have it made. Do not waste and those bills will stay low. Yes you can afford to move.
Answer #6 | 27/12 2013 21:19
If you cannot handle basic bills on your salary then something is wrong and you need to find someone to help you budget.
Answer #7 | 27/12 2013 18:47
You should pay them something. If not, it may backfire on you someday. One quarter of your income should go towards rent. This will help you avoid any repercussions and you will be more independent, which will make you feel better about yourself, not to mention how others see you.

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