> Does this sound like a good plan?

Does this sound like a good plan?

Posted at: 2015-03-04 
It's a horrible, horrible idea. The recommendation is to only spend a 3rd of your income on housing--not 60%. How will you buy food? How will you upkeep your car--or, even fill it with gas? What will happen if your car breaks down? What about entertainment (it's pretty much a necessity, so you don't go insane, because we *do* need some).

It's also recommended that you have at least 6 months rent and expenses saved up (really income, but since yours is so low, you'll prolly need more)--this was BEFORE the economic crash--12 months in this economy.

It might be better to find a roommate, but you're still probably going to need around AT LEAST 1,250/ 1,500 a month to live somewhat comfortably.

I'd also recommend looking into financial aid. Though, until you're 24, they count your parents income if you live

Also, section 44(?) government housing allows you to live in an apartment for like 50 bucks a month, but there's a two year wait--could help, if you can hang on for a couple years.

Good plan? Sort of. I assume you mean the $700 a monthly budget is over and above your $400 rent. In your downtime, you should also be contacting the college about financial help and searching and applying for any and all scholarships you can find (good use for your time where you won't spend money). Any scholarships or grants you can get makes it that much easier to budget when you get to college (and can help pay for the expenses you will run into such as books, fees, etc.). Also, check with the financial aid office about on-campus or close-to-campus part time jobs (you should be able to handle 10 - 20 hours a week).

No it doesn't sound good. Driving one hour each way to and from work will kill the old car you just bought and you will be stuck. Can you find a room to rent closer or perhaps stay with your aunt and uncle for the remaining 5 month until you go to school? How do you expect to pay for room and board and school in NYC? Good Luck

Yes it's a good idea :) I hope things work out for you :)

a 'good' plan, no; but in no way is it a 'bad' plan either.

good luck.

22 (female) no friends, no love life or anything.

I've been dealing with a really toxic family my whole life. I'm the scapegoat youngest. five older siblings who make me feel worthless.

There's so much control and manipulation going on that it is terrible.

Anyhow... I just bought a $500 car from my neighbor... it runs strong and drives great. The outside is just rusty with mitch match paint. Oh well though! Just need to start somewhere.

Anyhow, I just got back from an interview at a factory that's a 6 month assignment... (I GOT IT) Start Monday. Job is $535 a week after taxes... the job sucks but have to swallow that pill and do what I have to right? Fast and easy money. Plus I clean foreclosed homes with my aunt and uncle up in the early morning making $275 per week.

Plan is to move to NYC in January for college. I got accepted to Brooklyn College for this FALL but I won't make it due to financial hardship so I will attend this January... and I want to save as much as possible.

BUT I WON'T LAST IN THIS HOUSE THAT LONG...

Therefore, I found an apartment 1 hour away that is only $400 a month (studio) and my monthly budget will be only $700 a month... wont have cable or anything like that. Just a tv and dvds. A blow up bed and that's it.

Is this a good idea? I just been torn down my whole life... that I dnt trust my judgement! Feel like I'm doing something wrong.