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Questions About Moving Out?
Well, I'm 19 and about to start flying night cargo operations and that will make me about $30,000/year. I have no car payment or student loans. My driving record is clean, so insurance isn't that expensive.
I'm looking to move out to the North side of Indianapolis (but not inner city).
Will that $30,000/year give me the ability to move into a 1 bedroom apartment (they seem to be hovering around $600/month) and all the other expenses?
Thanks!
2 Answers
- AnonymousLv 68 years agoFavorite Answer
Hey, Nice Job! It sounds like you're in a good spot financially for your young age.
So, you should be able to do what you want if you budget carefully. My recommendation is to start working and say up $3-5K. This will give you enough to put down a deposit and last month's rent, have some start up money (do you have pots, pans, a bed??), and a nice buffer. While you are saving the money, you'll gain a work history, which will help you in qualifying for an apartment.
Budget carefully, work hard, and you'll get what you want. The only hang-up I see in your plan is the lack of work history. Also, if you're going to want a car or anything else, you should factor those in.
- Go with the flowLv 78 years ago
A landlord may want to see at least 6 months of steady employment.
You could offset this by putting a bigger deposit on a place.
So... save money when you work.
$625 a month is 25% of your income. Good not to go over that 25% mark.
