I'm 22 years old. I live with my parents. They've always let me know that I can keep staying with them, and save up. So I'm in no rush. But I think now is a good time to work on being financially independent.
I'm looking to spend between $1,000-1,300 on rent. I have no debt, no loans. My current bills are: car insurance, $185.00, gas $100.00, phone $70. I make 17 an hour, get paid bi weekly. 72 - 80 hrs. So each paycheck is between $1,080 to $1,200. I work at a restaurant. I can keep food cost down, plus I'm lucky enough to eat whatever I want at work. So I don't worry to much about food cost. I have 10K in an emergency savings account. 5.5K in a savings account. 3.7k in a IRA. 4k on checkings account, I would like to use this for 1st month rent and deposit with some supplies and utilities if they aren't taken care of by the owner.
I've thought this through and have been preparing for a year. I think I can accomplish this since I don't have too many bills. Am i on track? Is this doable?
Submitted April 12, 2019 at 10:12PM by throwawayyyyyy435233 http://bit.ly/2UgjbWq