Hi Reddit.
I'm a 21 year old college dropout looking to go back to school to get a degree in Computer Science. I am currently living with my parents, but they're asking me to move out and giving me until the end of May. They consider me to be a failure, and rightfully so. I'm looking to make a change and better myself, and I want to be as financially prepared as possible for the next six months.
And so, starting June 1st, I'll be on my own. I've saved up a little over $4,000 which I'll put towards my first term at WGU (one term is six months and costs $3,225). After this term I'll be taking a few months off to save up again for my second (and hopefully final) term.
So on June 1st, I'll have a total of $775 in my savings and the following monthly expenses:
- Rent in Albany, OR = $900
- Student Loans (10 yr plan at 5% interest) = $208
- Health Insurance = $200
- Food = $150
- Car Insurance = $90
- Fuel = $50
- Internet = $45
- Gym/Health/Toiletries = $40
- Phone Bill = $12
- Spotify = $10
TOTAL ESTIMATED EXPENSES PER MONTH = $1,705
By working full time @ minimum wage in Oregon, I'll make $11.25 an hour (about $1400 a month after tax). I'm open to relocate anywhere as long as it's in Oregon.
That means I need to cut my expenses by $300 somehow if I don't want to dip into my $775 savings. I've never had to live on my own before and the whole process is very daunting. Any advice, tips, or criticism is highly appreciated, thanks!
Submitted March 01, 2020 at 08:31PM by throwaway00468 https://ift.tt/2uJIr0F
