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JamesH · 07-25-2008, 02:47 AM

Alright, its time for me to move out. I make a minimum of $1200 per month, yet I have made as much as $1500 in a month. I work as a waiter, so tips fluctuate and therefore the amount that I make fluctuates. This isn't counting online income.

Anyways, I want to move into an apartment somewhere near Louisiana State University. It looks like I'll need to spend ~$400 for rent. Insurance on my car will be paid by my parents as long as I'm in school. Tuition is paid for by a scholarship, however I need to cover roughly $1100 in books and fees per semester.

Based on this information, do you think I'm financially ready to GTFO? I know gas, utilities, food, and the other random shit that pops up needs to be calculated as well, so check over my numbers:

Near school, drive a '95 Civic, I'm physically fit (ride my bike to school?) so maybe $75/month for gas
Utilities meaning electicity and interwebs. Phone should already be included, but I have a cell phone for that. I'm sure my parents will keep paying the little amount they do on the family plan for me. So electricity and water, $100 maybe? I have no idea...
Food; I weigh 120 lbs however I really enjoy eating. I'm not saying this because its a cool thing to say, I really like going out to eat, and enjoying good food. I'll obviously have to cut down on that, but is $300 a month a good amount for groceries and the occasional dine out?
Whatevers left will go into the Buy James Beer fund and then savings.

So that adds up to $875 a month, including rent. So I earn ~$14,400 a year, minus 875 * 12 = $10,500. So $14,400 - $10,500 = $3,900 which is enough for books and fees every semester. But not enough for beer and shit.

Do my numbers look about right? I hope not, because the outlook doesn't look good. But look at it this way, I'm assuming I'll make $50 a night average on 6 shifts at work. I can easily make over $100 on Friday and Saturday, especially when the busy season gets here. So if I knew I had to pay bills and I needed the money, I bet I could make $1500-$1750. That would make life a little bit more comfortable.

Thoughts?

+rep to people who give a shit about rep.

07-25-2008, 02:47 AM	#1 (permalink)
JamesH Senior Member Join Date: Jun 2006 Posts: 2,503 iTrader: 13 / 100%	Want to move out, need suggestions Alright, its time for me to move out. I make a minimum of $1200 per month, yet I have made as much as $1500 in a month. I work as a waiter, so tips fluctuate and therefore the amount that I make fluctuates. This isn't counting online income. Anyways, I want to move into an apartment somewhere near Louisiana State University. It looks like I'll need to spend ~$400 for rent. Insurance on my car will be paid by my parents as long as I'm in school. Tuition is paid for by a scholarship, however I need to cover roughly $1100 in books and fees per semester. Based on this information, do you think I'm financially ready to GTFO? I know gas, utilities, food, and the other random shit that pops up needs to be calculated as well, so check over my numbers: Near school, drive a '95 Civic, I'm physically fit (ride my bike to school?) so maybe $75/month for gas Utilities meaning electicity and interwebs. Phone should already be included, but I have a cell phone for that. I'm sure my parents will keep paying the little amount they do on the family plan for me. So electricity and water, $100 maybe? I have no idea... Food; I weigh 120 lbs however I really enjoy eating. I'm not saying this because its a cool thing to say, I really like going out to eat, and enjoying good food. I'll obviously have to cut down on that, but is $300 a month a good amount for groceries and the occasional dine out? Whatevers left will go into the Buy James Beer fund and then savings. So that adds up to $875 a month, including rent. So I earn ~$14,400 a year, minus 875 * 12 = $10,500. So $14,400 - $10,500 = $3,900 which is enough for books and fees every semester. But not enough for beer and shit. Do my numbers look about right? I hope not, because the outlook doesn't look good. But look at it this way, I'm assuming I'll make $50 a night average on 6 shifts at work. I can easily make over $100 on Friday and Saturday, especially when the busy season gets here. So if I knew I had to pay bills and I needed the money, I bet I could make $1500-$1750. That would make life a little bit more comfortable. Thoughts? +rep to people who give a shit about rep.