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Moving Out!!!!
My girlfriend and i are moving into a apartment together in Augest and i'm overly worried about having enough money. Whats a good amount to have saved up to move out on ones own?
Thanks
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The ammount of money you should have saved depends almost entirely on your expenses and income.
However, as a general rule it is recommended for you to have enough money in savings to live for at least 3 months without any income.
So, add togeather all your projected expesnses (rent, gas, food, ect.) and multiply it by three. That is the ammount of money a finacial planner would suggest you have.
Of course, few people actually have enough to live for 3 months without any income, however, it is still a good goal for total finacial safety.
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You can never save to much money just remember that. A good amount starting out could be maybe a few thousand dollars, but keep putting away just to make sure that you always have enough.
Hope I Helped.
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Okay to he honest i am the perfect person to answer this question because i just went through this...
think about all this and write all this out...
prices may vary where you live...
1. rent
2. gas bill
3. electric bill
4. grocceries which could be 100.00 because thats how much me and my boyfriend use.
5. cable bill... look up a cheap provider.
6. internet bill...
7. Insurance
8. car payment...
and remember all these are double because its not just you its your girlfriend...
and also remember that your relationship with your girlfriend will be because she wont be just a girlfriend but a wife figure so there might be alittle more argueing then in your usual relationship
me and my boyfriend had about 9,000 and its wasnt enough...
so remember moving out on your own will maybe give you freedom but its expensive...
but i love living on my own...
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It's not so much the exact amount of money, but that both of you have decent jobs that will bring in the money. You need to make sure you have a reliable amount of cash coming in each month or else things will be very tight.
There are other costs to think about too, such as groceries.
It would be a very good idea to sit down with your girlfriend and try to add up your monthly costs compared to how much the two of you make at your jobs each month. Once you have an estimate of all that, you'll be able to decide how much you would like to have saved up to start with.
As always, the more you have saved up, the better. If I were moving out on my own, I would try and have a least a couple thousand dollars saved up so I would be secure for awhile if anything were to happen with my job.
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