Anonymous
05/13/2013 12:48
Subject: Should I do this?
Anonymous wrote:OP, you seem pretty determined to do this no matter how many people tell you it's a bad idea. Enjoy your debt and shattered credit rating. (PS - if you're old enough to have a grown up job and go to grown up school, you're old enough to buy your own toilet paper)
This. You're behaving really irresponsibly and also seem quite immature. Not a good mix. Get a room mate/cheaper living situation, pay your own way and save $ instead of trying to find a way to survive on your unstable job. And nannying IS an unstable job. I have months of mortgage/expenses saved up to get me through any gaps. What kind of emergency fund do you have?
-another nanny
Anonymous
05/09/2013 23:40
Subject: Should I do this?
Clothing? Health insurance and doctor copays? Haircuts? Furniture, kitchenware, bedding, home basics like a shower curtain, bath mat, mop, broom, bucket, vacuum cleaner, trash cans? Prescription drugs? Dental treatments? Holiday gifts? Renters insurance? Entertainment? Internet connection? Laundry?
Anonymous
05/09/2013 21:26
Subject: Should I do this?
No.
PS -- when you have 100% agreement from the DCUM community, it might be time to listen.
PS -- when you have 100% agreement from the DCUM community, it might be time to listen.
Anonymous
05/09/2013 21:20
Subject: Re:Should I do this?
Can you find a roommate and split the cost of the apartment?
Anonymous
05/09/2013 21:08
Subject: Should I do this?
OP, you seem pretty determined to do this no matter how many people tell you it's a bad idea. Enjoy your debt and shattered credit rating. (PS - if you're old enough to have a grown up job and go to grown up school, you're old enough to buy your own toilet paper)
Anonymous
05/09/2013 20:16
Subject: Should I do this?
I think to qualify income must triple rent
Anonymous
05/09/2013 20:08
Subject: Should I do this?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Doing the math, after rent and phone bill you'd be left with $440. Assume $200 for groceries/eating out/coffee, $100 to toiletries/paper goods, $150 for transportation, and... oh wait you're out of money. I totally understand wanting to move out on your own but until your financial plan/budget is rock solid and you're able to break even while still building up an emergency fund, it's just not a good idea.
Honestly I only spend about $50 dollars bi- weekly on groceries and my family provides toletries for me (s,all family and we buy in bulk) Also I love this place because its a two block walk from my job so no transportation cost. I don't drive so no car expenses. If I need the bus I get on for free being a student.
If you're only spending $25 a week on groceries then you are not eating enough or eating healthily enough. You said you have three jobs and are dropping one. I'm not a whiz at math but that seems like you'd have two jobs left over so when you say there are no transportation costs because the apartment is two blocks from your job, which job is that, and what about the other job?
Fine, so your family provides tp, tampons, shampoo, soap, conditioner, moisturizer, sunscreen, any makeup you may use, all your cleaning products, laundry detergent, dishwashing liquid, sponges, Windex, Swifter, etc. That's awesome of them. Are you prepared to rely on them for those things indefinitely? Do you foresee your salary going up? If so, when, and by what percentage? You're a student you claim, so the bus is free. Great. When you stop going to school will you have to add loan payments to your budget?
I'm currently work as a nanny which is my main and highest paying job this is the job it's walking distance to. Yes I do see my salary going up I get a raise in July. Also I don't have student loans because we just pay out of pocket
Anonymous
05/09/2013 19:21
Subject: Should I do this?
Anonymous wrote:Anonymous wrote:Doing the math, after rent and phone bill you'd be left with $440. Assume $200 for groceries/eating out/coffee, $100 to toiletries/paper goods, $150 for transportation, and... oh wait you're out of money. I totally understand wanting to move out on your own but until your financial plan/budget is rock solid and you're able to break even while still building up an emergency fund, it's just not a good idea.
Honestly I only spend about $50 dollars bi- weekly on groceries and my family provides toletries for me (s,all family and we buy in bulk) Also I love this place because its a two block walk from my job so no transportation cost. I don't drive so no car expenses. If I need the bus I get on for free being a student.
If you're only spending $25 a week on groceries then you are not eating enough or eating healthily enough. You said you have three jobs and are dropping one. I'm not a whiz at math but that seems like you'd have two jobs left over so when you say there are no transportation costs because the apartment is two blocks from your job, which job is that, and what about the other job?
Fine, so your family provides tp, tampons, shampoo, soap, conditioner, moisturizer, sunscreen, any makeup you may use, all your cleaning products, laundry detergent, dishwashing liquid, sponges, Windex, Swifter, etc. That's awesome of them. Are you prepared to rely on them for those things indefinitely? Do you foresee your salary going up? If so, when, and by what percentage? You're a student you claim, so the bus is free. Great. When you stop going to school will you have to add loan payments to your budget?
Anonymous
05/09/2013 19:04
Subject: Should I do this?
Anonymous wrote:I do not think this is a good idea.
Theoretically, you should only be spending 1/3 of your income on housing expenses. I.e., rent, mortgage, etc.
From what you stated, your rent will equal more than half your estimated monthly income.
Either a). Stay where you are now until you make more money of b). Get a second job, if possible.
Hope this helps.
If I could stay here I would but where my family lives now (Damascus) the location doesn't work and I don't drive and it will take me about a year to get a license. I currently work three part times jobs but will be dropping one soon. So I took that off the budget already.
Anonymous
05/09/2013 19:02
Subject: Should I do this?
Anonymous wrote:Doing the math, after rent and phone bill you'd be left with $440. Assume $200 for groceries/eating out/coffee, $100 to toiletries/paper goods, $150 for transportation, and... oh wait you're out of money. I totally understand wanting to move out on your own but until your financial plan/budget is rock solid and you're able to break even while still building up an emergency fund, it's just not a good idea.
Honestly I only spend about $50 dollars bi- weekly on groceries and my family provides toletries for me (s,all family and we buy in bulk) Also I love this place because its a two block walk from my job so no transportation cost. I don't drive so no car expenses. If I need the bus I get on for free being a student.
Anonymous
05/09/2013 18:30
Subject: Should I do this?
I do not think this is a good idea.
Theoretically, you should only be spending 1/3 of your income on housing expenses. I.e., rent, mortgage, etc.
From what you stated, your rent will equal more than half your estimated monthly income.
Either a). Stay where you are now until you make more money of b). Get a second job, if possible.
Hope this helps.
Theoretically, you should only be spending 1/3 of your income on housing expenses. I.e., rent, mortgage, etc.
From what you stated, your rent will equal more than half your estimated monthly income.
Either a). Stay where you are now until you make more money of b). Get a second job, if possible.
Hope this helps.
Anonymous
05/09/2013 17:43
Subject: Should I do this?
Doing the math, after rent and phone bill you'd be left with $440. Assume $200 for groceries/eating out/coffee, $100 to toiletries/paper goods, $150 for transportation, and... oh wait you're out of money. I totally understand wanting to move out on your own but until your financial plan/budget is rock solid and you're able to break even while still building up an emergency fund, it's just not a good idea.
Anonymous
05/09/2013 17:38
Subject: Should I do this?
I do NOT think this is a good idea because this means over 50% of your income would be going to rent alone. That does not include cable (granted, you say electric and water and trash are all included), or food, or transportation (whether that's paying for mass transit or paying for parking, gas, oil changes, car insurance, etc.)
You're not going to be left with very much to save at all, and in fact will barely be breaking even.
You're not going to be left with very much to save at all, and in fact will barely be breaking even.
Anonymous
05/09/2013 17:35
Subject: Should I do this?
OP, I make 1750 a month. I pay 600 in rent, 75 for my phone, 200 bucks for car insurance/gas, and I'm barely scraping by. This doesn't seem manageable (especially since I live in a part of the country where the cost of living is MUCH lower than DC). Any way you could boost your income?
(ps I saw your other post - it looks like a great apartment! you just really need to think about your finances)
(ps I saw your other post - it looks like a great apartment! you just really need to think about your finances)
Anonymous
05/09/2013 17:17
Subject: Should I do this?
Im single, no kids, no major expenses. I currently make $1520 a month and currently only pay my phone bill which is about $180 a month and storage which is $50 a month.I just found a great apartment for $900 all inclusive. I would stay home and save but I need to move to find a better location. Is this a good idea.