So I've come to the point in my life where I'm like do I need to start truley saving money and live on my own.

As some may know, I'll be starting my Automotive program/degree for Master Techincian in September. That will end mid 2008. I'm lucky enough where I don't have to pay for the tuition, partially because the sponsoring dealership pays for some and my parents will be the rest. I could live at home for awhile and save a lot more money. Or I've been looking at apartments and for about 600 a month I could have a 750 sq. ft. single bedroom/bath and all utilities paid for.

As of now I have a dencent amount in savings. At the end of August with my job I should have close to 9000 dollars total in savings (after other expenses). So my dilemma is to spend some decent money on the car and wait another year to move out, or move out now. I would love to move out now, and live on my own permanently. BUT there's sooo much I could do to my car it's not even funny. I still really want to fix all my bumpers and $hit.
No matter what I do, the one think I KNOW I'm doing to the car is some 4.10s

 

Move Out!!! I'm 24 and getting married in three months, have been living on my own for 6 six years, have a bachelors degree, my own house (with fiancee') and my stang. Move out on your own, the sooner you get used to everyday real world *** rapings such as property taxes, rising utilty bills, and healthcare costs the better. I don't make a lot of money but I do consider us fortunate for the amount of stuff we do have. I don't blow a lot of $$ on partying and neither does my fiancee, this allows us to budget things pretty well and can afford the luxuries every once in a while (mustangs for me, jewelry for her, etc....)

 

i'm in the same situation. i'm getting married this september, and it's hard to keep saving money without touching it. There are many things I would like for my car, however I don't want to be flat broke when we move out. If i were you, i would fix whatever needed fixing, but the gears and be done. Well done at least until you know your doing okay on your own! because i don't think any of us can say that we are done! :banana:

 

Just don't over extend yourself and get into debt early. It will haunt you and only cause worry.

 

if i was stationed in california i would live with my parents just long enough to save the money i would need to save up money to move out. i cant live with them anymore. so i vote move out and get a roommate.

 

Thats kinda what Im planning on doing for the summer and spring. During that time I can save money. When I move out, I won't get in debt, I know I can live fairly comfortably with the amount of money I'll have saved and be making. I can be responsible with money if I have a reason, such as bills/rent. It's basically do I want to move out this year or wait another year allowing me to spend more money on the stang. AHHH, there's just so much I want to do.

I have a lot of planned mods/ideas. I want it to be a showcar, but still be able to drive it around everynow and then. This literally will take close to 5 or more years simply because of the other priorities (bills/rent/tution/food/etc) I'm just trying to decide if moving out this year out ways heavily modding my car another year.

 

you are just starting college. stick a NICE chucnk of that change somewhere where you cant touch it like a high yield savings account for a couple of years. make your money work for YOU. id live at home as long as you could while going to school and just keep on stashing like youve been doing.

 

Well, I'm in my first year at college. The program that I'm starting in Sept, I persosonally don't have to pay for a dime. In fact, part of it is a co-op working at a dealership, therefore getting paid.

I am def leaning towards moving out. It won't be till first week of Sept tho.

 

My vote goes for living at home while you're in school. The money you save on bills is great too. Just think, you're saving ~$800 a month. That's a lot of mods. And whatever you don't spend goes to saving. It sucks living on a strict budget! If you have backup and have some room to enjoy by staying at home, I think that's what you should do.

 

The thing is, when I move out, I will have an easy 9K in the bank, plusbe making around 1,500 a month still when moving out. I will need to pay about 750 a month for rent/bills/gas/food. I don't think I'll be scrounging for mooney.

 

But also, why move out and waste 750 bucks? I say stay for a year or two, and save all that money. That saved plus what you already have is about 20k, which is a decent downpayment on a house, and at 1500 a month, I think you could pay for a small house, maybe get a roommate.

 

As long as your parents don't give you a hard time about staying, live at home and save money.

 

It'd definately not a problem living with my parents, more than likely I could stay till I graduate, which is March or so in 2008.

I'm a very simple living kinda guy. I could live in a decent sized apartment no problem for awhile. I am only 19 so I'm not really looking into a house yet. then again I'll be 21 when I graduate and be making a good sized salary.
Right now I'm looking at staying at home, and having some money to spend on the car. Like fixiing my bumpers and gears.

 

Do NOT put money in an apartment. Either buy a house, or live at home, because living in an apartment is like pouring your money down the drain. With a house, you build equity, and the value goes up as time goes on. Buying a house is the BEST investment you will ever make.

 

well the only thing I know for sure, is that when I have my degree, and have my career going. I want to find a place and move permanently, I'm thinking the SC area, my sis and bro in law live in NC, and I love it over there. If all goes well and do well in school, then I guess I'll just stick it out at home for a few more years until I got my job steadliy under way.

 

you know what i love about NOT living with the folks...? f**king my girl all over every square inch of the apt and not having to worry about upsetting my mother :yawn:

 

That's not exactly the reason why I want to move out, lmao. But it would be soooooooo nice being able to live on my own and not have to have other people bothering me. I'm very individualistic.

 

SC is great, and LMFAO at the reasoning for moving out above.

 

yeah, honestly, having roommates sucks big time. and if you ever have roommates, make sure they aren't good friends cuz you might end up not being friends in the end

...but, in my case, it still beats livin with the folks

 

Yup!!!!!!!!

 

are ur parents psyco or not? I think that's the real question. Do they allow u to do whatever or are they strick with rules limiting what u can and can't do? If they're very libral then u'd be crazy to leave untill u have to. the best way to save money is to NOT have bills like rent, food, ect. but if they are very strick and u feel trapped or w/e.... then I would say move out...

 

Yea my parents are fairly strict, so thats another reason why im ready to leave and be on my own permanently.