I'm a 25 year old and I've been living on my own for about 5 years, barely making it by. My parents have generously offered to let me move in with them when my lease is up to save up to buy a house and improve my credit. My plan is to only live with them a year or less.
The only debt I have is my $12k in student loans I'm making monthly payments on and my car I just purchased for $12k.
I just got a promotion and will now be making $37,350 a year, not counting any overtime I will work.
I want to save up as much as I can in the year I am living with them. I'm not against living with them for more than a year but I hope to have enough money to put a down payment on a house and extra for the "what-ifs".
After taxes I'll bring in about $2,250 a month. Estimated bills after I move out of my apartment will be roughly $600.
I don't go out or shop or do any extra spending so I'll just need enough money to buy food and pay for gas and buy essentials every month.
Could you guys give me ideas as to how much I should save and where it would get me in 6 or 12 months based on the information I've provided? My parents have never been good with their money and I don't want to live paycheck to paycheck and want to plan ahead.
Thanks in advance!!
Submitted January 06, 2017 at 02:18PM by boofeee http://ift.tt/2i1nk0p
