So I live in the Central Valley California. Where a 2 bed 2 bath apartment will run you $1300. I already have concrete plans to purchase a car this week for $19500 and put about $3000 down. So I’d be paying off a $16500 loan.
Now. One of my coworkers approached me and asked if I would like to get an apartment together. As a 21 year old Im dying to get the hell out of my house. And my first response was “no sorry I’m about to get a car”.
But then I thought about it. And I think I can actually afford it. But maybe I’m underestimating costs.
Im thinking this car will run me $600-$700 with payment and insurance. Let’s say $650. This apartment will run me another $650. Plus what? $200 for my half of bills? So we’re talking $1500 a month. Okay.
Currently I have a full time job where I take home $1800 a month. I also recently acquired a part time where I make anywhere from $800-1000 a month. So let’s say $2700.
This would leave me with $1200 income for expenses like food and clothes and gas and all that.
Am I missing something? I’ve never been in such a financially stable position. I feel like I’m missing something and it can’t possibly be this simple. Help?
Submitted June 14, 2020 at 10:36PM by CapiTurtleDoesOllies https://ift.tt/2Asxtj7
