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Help me save up and move out! - Page 3

post #31 of 85
Quote:
Originally Posted by harvey_birdman View Post

Where did I write only?

You said you "got laid between the ages of 21-25". Seems pretty precise to me.
post #32 of 85
Quote:
Originally Posted by Lord-Barrington View Post

You said you "got laid between the ages of 21-25". Seems pretty precise to me.

Precision does not imply exclusivity. You, sir, have made an assumption. And you know what happens when you make an assumption. You make an ass out of u and mption.
post #33 of 85
Quote:
Originally Posted by harvey_birdman View Post

Precision does not imply exclusivity. You, sir, have made an assumption. And you know what happens when you make an assumption. You make an ass out of u and mption.

Mption is going to be pissed as hell that I made an ass out of him again. This isn't the first time!
post #34 of 85
Quote:
Originally Posted by BlacKidLA View Post

Actually I put a little something together for living at home and away. Tell me what you guys think:

At Home:

                                                   ($1950)

Savings -                                         $800
Car -                                               $400*
Gas -                                              $150
Misc. -                                            $100
Entertainment/Going out -                 $200
                                                      $300 Left over (To be split to Savings or whatever else)

Do you expect your parents to pay for your food?
post #35 of 85
Thread Starter 
Quote:
Originally Posted by bbaquiran View Post


Do you expect your parents to pay for your food?


I'll eat breakfast and dinner at home, on my parents' dime. I'll try to pack a lunch every day but on those days where I'm feeling lazy that's what that "$300" left over is for.

post #36 of 85
Quote:
Originally Posted by BlacKidLA View Post

I figured I would save up around $23,000 before I moved out. Why so much? Here's why:

$2000 Furniture
$3000 New Wardrobe
$1500 Rent Deposit
$2000 Car Deposit (From first couple of months of working)
$14,500 still in my Savings Account

If I ever go over (which I shouldn't) in my expense while moved out, I can dip into this $14.5k. That should be enough dip in money to last me another 2-3 years before I get promoted right?

What do you guys think? Am I missing anything?

Thanks again in advance!


The plan is not too bad and it gives you a lot of savings. I do think your take home pay is a little on the higher side. I also think you should also budget for health insurance, car insurance and retirement.

I know you're into your cars but you would definitely be able to save a ton of money if you bought used. You can get a lot more car for the same money.
post #37 of 85
Quote:
Originally Posted by gettoasty View Post

You're not ready to live out on your own if you have to ask for such advice IMO.
Live at home, save up money, BUY your own place (why the hell would you want to rent??), and then settle down.
If you got too much pride for all this, don't think you'll survive long.

This is not necessary a good advice, especially if the OP may consider moving. Buying makes you grounded.

A few years back, I was going to buy a condo because I thought I would never leave Southern California. Now, I'm looking at all offers, and wouldn't mind relocating to interesting places.


To the OP: that rent is LOW. I'm not sure where in California you are, but even in a middle class neighborhood around here, rent would be more than $1,000/month.

You're still young, listen to these guys. I'm 26 now, I went through the same thing as you. Back when I was an undergrad, my friends and I wanted 'privacy' so we looked into renting a house and all that.

Basic advice: Don't flex your wallet if it's immature. I know many people who were trying to show off when their salaries didn't allow them. Young guys were leasing Ms and AMGs at $1000/month and couldn't really drive them (like the mileage agreement would allow in the first place) because they had no money for gas and beer/going out money after bills were paid.
post #38 of 85
I never understood the rush to move out so soon if you didn't have a girlfriend to move in with. I knew guys who moved out with little savings and lived with unhygienic shirtless male room mates in small places that stank of nag champa and vomit. Is that really preferable to having your mom cook for you all the time, cleaning your room and doing all your laundry?
post #39 of 85
Ditch the moving out thought, the financial sacrifices made just for that is not worth it.

I rather live in temporary shame and have enough money to live comfortably in the future. Is the car really necessary btw? If so get a cheap beater, everything is for the future.

I would also forgo entertainment/going out that requires money find free and fun activities. Tell your friends that it's more fun and exciting etc, if they don't bite, find people who do. If you need a place to get laid however, that's what your friends who have their own apartments are for wink.gif

I guess for me, you technically have "enough" to move out and live on your own when you have got about 50 grand net-worth(Not all in cash) but that's just me.

From a 19yr old guy who is living shamelessly with his parents and still studying while living on $450 a month.
post #40 of 85
Another vote here for staying put with the parents. I don't know where the whole, "you won't get laid for the next 5 years" comes from; sure you might miss out on a few because they won't give you the time of day due to your living arrangement, but overall it won't be too much of a hindrance.

And the financial benefit of living at home is just too good to pass up, unless you have abusive parents, I'd stick around until you meet a girl you want to live with.
post #41 of 85
I don't get the "not getting laid " thing either. If you're picking up a girl, go back to her place. Also, I'm not sure about LA but at least in DC there are a ton of young people making peanuts living in group houses in some of the more hipster friendly neighborhoods. They frequent the cheaper/hipster bars and throw a lot of parties with cheap kegs. Most of the girls are pretty hot and they are very low maintenance. I'd seek out an environment like that if you could (plus with the amount of wannabe actors and shit in the LA area I can't imagine it doesn't exist). Anyway in the grand scheme of things, when you're 23/24/25 and ready to move out with thousands of dollars in savings and a lot more experience re: work/life balance the time you spent at your parents' place would seem like nothing. While you're there, take them up on all the free shit you can get away with. A lot of parents are more than happy to do that - especially if they see you're not pissing the savings away and you try your best to pull your own weight around the house.

Oh yeah, partying is more fun when you're a little older (mid to late 20s) and wiser.
post #42 of 85
Move out now, sleep on people couches for a while if needs be. WTF is wrong with this forum, all you asian accountants just shut the fuck up and let me handle this one.
post #43 of 85
Quote:
Originally Posted by gettoasty View Post

You're not ready to live out on your own if you have to ask for such advice IMO.
Live at home, save up money, BUY your own place (why the hell would you want to rent??), and then settle down.
If you got too much pride for all this, don't think you'll survive long.

You're not ready to live out on your own if you give such advice IMO.
Live at home, save up money, BUY your own place and accumulate enough to retire (who the hell wants to pay mortgage while working), and then settle down.
If you got too much pride for all this, don't think you'll survive long.
post #44 of 85
Quote:
I'm talking about 10 years ago. If you don't have your own place, where are you going to go when you get raging drunk? Where are you going to experiment with drugs and try to convince girls to sleep with you? Maybe your late teens/early 20s were different from mine.

I graduated college in 2001, so exactly 10-years ago. I spent 2-years trying to teach underserved kids in the ghetto and the next 4-years studying like a dog in graduate school. The above statement is everything I detest about the "me" generation.
Quote:
Originally Posted by gettoasty View Post

You're not ready to live out on your own if you have to ask for such advice IMO.
Live at home, save up money, BUY your own place (why the hell would you want to rent??), and then settle down.
If you got too much pride for all this, don't think you'll survive long.

This is likely not feasible. A decent home in LA starts around $300-400k which implies a $60-80k downpayment + 10-15k in closing costs for a minimum savings of 70k in liquid assets. If you include an adequate emergency fund, the numbers begin to approach 100k in cash. If the OP decides to live in the Valley or the periphery of Los Angeles, the numbers will improve, but again, the Valley is not LA.
post #45 of 85
Quote:
Originally Posted by Fuuma View Post

Move out now, sleep on people couches for a while if needs be. WTF is wrong with this forum, all you asian accountants just shut the fuck up and let me handle this one.

rotflmao.gif
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