You really need to sit down and figure out your monthly expenses to see if it is even possible for you to live on that income. Example: Income after tax = $1800 Expenses: Rent = $1000 Utilities = $75 Food = $300 Insurance = $50 Gas = $50 Student loan = $200 Alcohol & bars = $75 Entertainment = $50 Misc = $100 Total expenses = $1900 That is just an example, but you can see that if rent and utilities are over $1000 you are not going to have that much money for everything else. You can make some small sacrifices like living with roommates, cooking more often, going out less often, etc. that will put you into a better financial situation. After that is done, you can figure out how much savings you need to live if you lost your job (4-12 months depending on how much of a cushion you want). The more frugal you are, the quicker you can leave your parent's house.