Current Events > is this a reasonable move out plan?

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so basically im graduating and starting work soon (in the next few weeks)
i live with my parents and don't have a car/still learning how to drive.
my plan is to get my license by August or so and to get a used car in September, then get an apartment in January.
is this a relatively reasonable timeframe for getting the fuck out? i think if i budget well i should be able to set aside enough money for both
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Totally depends on where you live. Is housing readily available? Is auto insurance affordable? Does it even make sense to have a car? Will any place you find likely have parking? Are you hoping to find a place of your own or live with a roommate?
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Just remember that's a lot of money to be spent at once. You'll be paying the car, a down payment on the apartment, first months apartment rent, etc...
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Sariana21 posted...

Totally depends on where you live. Is housing readily available? Is auto insurance affordable? Does it even make sense to have a car? Will any place you find likely have parking? Are you hoping to find a place of your own or live with a roommate?

AND, what do you do for work/how much do you make?
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I think you can do it as long as the money is right and available when you need it.
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WrkHrdPlayHrdr posted...

Sariana21 posted...

Totally depends on where you live. Is housing readily available? Is auto insurance affordable? Does it even make sense to have a car? Will any place you find likely have parking? Are you hoping to find a place of your own or live with a roommate?

AND, what do you do for work/how much do you make?

I was going to include that but decided to take TC at his/her word about being able to set aside enough. But sometimes people don't think about auto insurance or parking rates (because they have no experience with them and no frame of reference).

Also don't forget about renter's insurance for your belongings.
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Sariana21 posted...

Totally depends on where you live. Is housing readily available? Is auto insurance affordable? Does it even make sense to have a car? Will any place you find likely have parking? Are you hoping to find a place of your own or live with a roommate?

Yes, housing is pretty readily available.
I live in a city where you basically MUST have a car to go anywhere.
MrK3V posted...

Just remember that's a lot of money to be spent at once. You'll be paying the car, a down payment on the apartment, first months apartment rent, etc...

Yeah, then I have to consider loan repayment - if I'm going to defer for grad school or not, etc...

WrkHrdPlayHrdr posted...

Sariana21 posted...

Totally depends on where you live. Is housing readily available? Is auto insurance affordable? Does it even make sense to have a car? Will any place you find likely have parking? Are you hoping to find a place of your own or live with a roommate?

AND, what do you do for work/how much do you make?

I'm an ICU nurse. I'll be pulling 17/hr for most of June and maybe early July. It should jump to 27/hr as soon as I pass boards and am working nights, but it may be 23/hr until maaaaaybe sometime in October (depends on when they let me off orientation, average for ICU is 12 weeks)
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May as well plan on living with your parents several months to build up some cash

My parents lived with my dad's parents for six months after they were married while they saved up money for a house
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That would mean by September, like 4 months of time to save up money and get ready to move, as well as find a place to move.

Cars can be tricky. I got my car for $1000 5 years ago and it still runs great but I take care of it, always repair anything wrong, and also its a Nissan Maxima lol so built to last.

I dunno how much youll be making, and you also said youre not working for the next few weeks so I guess you really have like 3 months to get a car, a down payment and first month of rent on a home, and whatever else you need.

It could be done, but I would want at least 5 grand. Which is a lot to make in 3 months for most people.
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joestarrr posted...

I'm an ICU nurse. I'll be pulling 17/hr for most of June and maybe early July. It should jump to 27/hr as soon as I pass boards and am working nights, but it may be 23/hr until maaaaaybe sometime in October (depends on when they let me off orientation, average for ICU is 12 weeks)

Yeah, this should have you good to go in most places.
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How are we going to know your situation? How much money you make, where you live, what kind of car, etc..

Also just wait until self driving cars are a norm.
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Not to be the old geezer, but don't forget to start setting aside money for retirement. The earlier you start the more you will have later, and flexibility is always nice. "Pay yourself first"--set up an account and send some amount, even if very small, to it automatically before paying any other expenses.
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seems reasonable. just consider that the purchase price of a car is simply a down payment. you'll have continuing expenses, like insurance, gas and oil changes, but also unexpected expenses like repairs, etc. you'll have to make sure you have a decent chunk of change around to cover any repairs.

or you can lease a newer-ish car that's still under warranty and have most of the big stuff covered.

Sariana21 posted...

Not to be the old geezer, but don't forget to start setting aside money for retirement

this is wise advice. start setting aside 10% right away. you'll never see the money so you can't miss it. you'll thank yourself when you're 60.
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for the apartment dont forget that you will probably have to put down some money for it. they will likely ask you for a security deposit (equal to a month of rent) and probably your first month or two of rent up-front
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thanks guys. i've basically been sheltered (kinda to control me for whatever reason) so real life is just hitting me like a ton of bricks lol
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