you see im 17 and im ready to go out on my own. i want to move out like 2 weeks after i turn 18 so im starting to safe up money now. any way i want to know whats the best way to get my 1st place.i mean i look on the computer at apartments 4rent and other sites - you know to compare prices n stuff- because i wont to be gone by the middle of 08-2010. so what else can i do?
p.s. i also look in the paper and those little books .
i appreciate your individuality but at the same time warn you because entering into 18 is easy…but entering into responsibility is different. it needs patience, hardworking and perfect planning for future. nothing to discourage…its fact we have to face it…
Already u may have little idea as u read books…so Pl z note
* every thing depends on money so make sure abt ur job(permanent/contract), should have continuous income to maintain
* Always be alert on ur expenses(also ur dog) & make budget for your income
* Every month common expenses(depends on your habits) milk, provisions, dog food,electricity, water, rent/maintenance, repairs bills.ETC.
*extra expenses cable, traveling charges, mobile bills, medical check up (even for ur dog) &etc
****savings is very important(this will help u in need)
everything should fit your income, so that u should not face any problems. There no ?s eat or not you have to pay every month……….this is onlyfrm my experience….(pl z check with ur friends who r out including their income)
P.S:its good decision to be on your own…….but i think u need some time to plan it………….
always smile its a god gift
think before u act
face the problems never run from it
GOOD LUCK
Well you are starting out right by saving money now. The best way to find a decent place is word of mouth. Do any of your friends no of or live in nice places? Ask them because they will be a lot more honest than a property manager will. Also start checking the police blotter in your local paper and see if any places are mentioned frequently, those are the the ones to stay away from. Good luck on starting your life !!
im only 13 but i kno about this stuff. If u want to start off. live in a nice apartment and if u do good there ave up a little bit more money and get a real house.
go to College. Get a job. do it in stages. Lots of luck to you.
no your not!
The smart thing to do is stay home and get a real good education first.
Get a job to help earn money so your parents don't have to spend as much to support you.
Take a personal finance course from your bank,Consumer Credit Counseling Service,your state employment office if the offer it.
Set up a budget and savings based on what you earn.
There used to be a set % of income to plan,but prices go up almost every day,property values are still going down and people are still losing their jobs.
You will need to finance 2 savings accounts when you start working.
A regular savings account to access in an emergency and a retirement savings account or 2.
You can put up to $2000.00 a year into a ROTH IRA and a % of your regular income into a 401(k) plan.
The sooner you start planning for retirement,the better off you will be later.
Plan to spend no more than 25% of your disposable income for rent.
At least 20% for a regular savings account (you will need to save enough money to pay all your bills for at least a year if you ever become unemployed).
It used to be about 30% for utilities,about 15% for food.
The remaining 10% for transportation,clothing and misc. items.
Some tips to help you save money are:
When you spend money,spend only paper money (put the change in a jar at the end of the day and count the change at the end of the month),take it to the bank and deposit it in your savings account.
If you use a checkbook,you can do something similar.
When you make a deposit,enter the full amount in the register,but in the balance column-drop the change.use whole dollar amounts.
When you write a check,enter the information as usual;write the full amount in the debit column,but round the dollar amount up to the next full dollar in the balance column and subtract from the previous balance.
When the book balance shows a zero balance stop spending until the next payday.
You can use this method on a weekly basis,payday to payday,or monthly basis.
On the weekly and payday to payday,you do not add any new deposits to the last balance;you are basically living from paycheck to paycheck,paying onlt the bills due in that week.
If you need to know exactly how much money you have,you can track your bank accounts on your computer.
You can then move the extra saved money into savings or retirement accounts,help pay other bills.
It works,I saved up $300.00 in about 3 months-until my wife found out we had some money in the bank and she went on a spending spree.
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[...] I need all the info i can get im ready to go on my own..? | NEWSA regular savings account to access in an emergency and a retirement savings account or 2. You can put up to $2000.00 a year into a ROTH IRA and a % of your regular income into a 401(k) plan. The sooner you start planning for retirement … [...]