Living In Parents Basement.

[Manic]

This Friday I'm moving out of CA and the job I just resigned from was also in San Ramon off of Bollinger. Were you in any of the offices around there?

Practically everything in San Ramon is just off of Bollinger. Stray too far from that street, and you're probably in Danville or Dublin.

Anyway, I work at the local UPS dispatch. I load the delivery trucks.

Ahh this guy knows.

Of course. My family used to watch Living Single together.

 

[Erzengel]

Thanks for all of the blunt opinions and advice to those who gave it. It seems like the consensus is that the kind of place I am looking to move into I would need a better paying job or aim for something cheaper. But Anita18 or to anyone else what about the other idea I had? Putting a down payment on a place and renting out the spare room to someone and splitting the monthly payment. For example...

A really nice place in the downtown area with a 15 year fixed loan.

Down payment - $49,180
Interest rate - 3.375%
Estimated monthly payment for this scenario - $1,396 monthly payment (Taxes and insurance are not included.) (A 30 year fixed loan would be $1,018 monthly I think.)

Is that uncommon or even less wise than just saving up $20,000 and just renting?

Yeah does the $1,396 monthly payment even include your taxes? So add what $500 or more.

 

[RedIsNotBlue]

Yeah does the $1,396 monthly payment even include your taxes? So add what $500 or more.

Well that particular place isn't the main question, it was just an example I was using for a nice place, my question was more for the idea of just saving up for a down payment for a place like that and then splitting the monthly payment costs with a roommate. Wouldn't it essentially come out to paying the same monthly for rent if I moved out now into a place like that?

And Anita18, I mean my job right now is fine, it pays decent enough to where I average $10-$15 an hour a day but have no firm plans for what my future holds. The priority lately has just been saving money and to get out of my parents and then see where that takes me. I'm 27 and it is a step in my life I have yet to take and I will have enough money saved up at some point at this year it's just figuring out what step to take when it comes to moving out. I could always just force myself to stick it at least another year with the parents if I get to the point where I've saved up enough to say to myself..you know what, I've saved this much I might as well save a little more and buy.

Chances are I am just going to end up renting though. Which is fine and probably for the best. Regardless of what I do I am more than likely going to need a roommate and that is gonna be a tricky part with me. When I was younger I was toying with the idea of moving out with my brothers. Thank baby jesus I didn't. My youngest brother is horrible with money and he moved out twice already into two places that were gross quite frankly. One place looked like an episode of hoarders and he had a ton of roommates. One place he was living with a pregnant chick and her boyfriend. Now he is back at home. My other brother is just a mess financially, he spends his check before he even gets it, always asks me to lend him money, doesn't even have a bank account.

 

[Erzengel]

Based on your salary, I'd look for something about about $800 max with utilities whether it's a 1 bedroom or you'd have to go halvsies with someone but even then you'd have to be cautious with your money.

 

[RedIsNotBlue]

Well I am at least taking the first small step towards whatever I decide to do and buying things to have ready for when I actually move out. Just bought a new bath towel set, cookware set, I bought new plates, mugs, and glasses. When it comes to other things I have pretty much everything I need it's getting all of the smaller things together I need to do. Need to do a little browsing for a decently priced silverware set next I suppose.

 

[the last son]

I'm finally moving out as well. I'm getting a cheap apartment and will continue saving for a house. I'm moving out at the end of the month. I'm 26 now it's time. I'll just keep saving up for a house on the side and hopefully have it in a year or two.

 

[Anita18]

Well I am at least taking the first small step towards whatever I decide to do and buying things to have ready for when I actually move out. Just bought a new bath towel set, cookware set, I bought new plates, mugs, and glasses. When it comes to other things I have pretty much everything I need it's getting all of the smaller things together I need to do. Need to do a little browsing for a decently priced silverware set next I suppose.

An embarrassing amount of our household items are from IKEA, Ross, and random things from our parents. (We requested red envelopes from our wedding guests, not household goods.)

Why do you need an entire silverware set? You won't be entertaining, will you? The hubs and I cycle through the same 2 sets of utensils, and they're all mismatched. But IKEA has 'em pretty cheap if you're really looking for an entire set.

Also, when you attend enough networking events like I do, you will accumulate vast amounts of free mugs that you don't know what to do with. Just start with what you personally need.

 

[RedIsNotBlue]

An embarrassing amount of our household items are from IKEA, Ross, and random things from our parents. (We requested red envelopes from our wedding guests, not household goods.)

Why do you need an entire silverware set? You won't be entertaining, will you? The hubs and I cycle through the same 2 sets of utensils, and they're all mismatched. But IKEA has 'em pretty cheap if you're really looking for an entire set.

Also, when you attend enough networking events like I do, you will accumulate vast amounts of free mugs that you don't know what to do with. Just start with what you personally need.

Well they have a couple 20 piece silverware sets (service for 4) on Amazon.com that you can get for $20-$30. Like I said would like to be prepared whether I am moving out on my own or with a roommate regardless.

 

[Anita18]

When I say "set" I mean 1 spoon, 1 fork, and 1 knife. So we cycle through 2 of each. We don't even have 2 bowls.

If you're going to be shopping this early, might as well go as cheap as possible. Might even be cheaper at Ikea than Amazon. There are CRAZY cheap stuff at Ikea.

 

[charl_huntress]

I'm finally moving out as well. I'm getting a cheap apartment and will continue saving for a house. I'm moving out at the end of the month. I'm 26 now it's time. I'll just keep saving up for a house on the side and hopefully have it in a year or two.

Good for you. It's best to work at your own pace and be happy while doing it. It's also a good idea to rent before owning IMO.

Good luck to you!

 

[the last son]

Thank you. I'm a little nervous. It's going to be different having to manage money and be responsible. I'm up to the challenge though.

 

[charl_huntress]

Thank you. I'm a little nervous. It's going to be different having to manage money and be responsible. I'm up to the challenge though.

Budgeting can be difficult even for those with experience. Just try to live within your means and put aside some money for a rainy day. Learning how to cook is also a really good idea as it will save you a lot of money in the long run and help you impress the ladies...

They have a lot of apps and programs that can help you with budgeting. Don't be afraid to use them. Again...good luck to you.

 

[Erzengel]

When I say "set" I mean 1 spoon, 1 fork, and 1 knife. So we cycle through 2 of each. We don't even have 2 bowls.

If you're going to be shopping this early, might as well go as cheap as possible. Might even be cheaper at Ikea than Amazon. There are CRAZY cheap stuff at Ikea.

 

[the last son]

haha

 

[enterthemadness]

When I can find a second part time job or a full time job, boom, 6 months to a year, I should be in me own place. Just need a few of my own things (like my own car and car insurance for example...feel like I am forgetting something...)

I think the only thing I could afford on my own working 40-50 hours would be a trailer though....South is known to be expensive apt wise. Whatever, I look when I have the car and insurance, 2014 will be my year.

 

[RedIsNotBlue]

When I say "set" I mean 1 spoon, 1 fork, and 1 knife. So we cycle through 2 of each. We don't even have 2 bowls.

If you're going to be shopping this early, might as well go as cheap as possible. Might even be cheaper at Ikea than Amazon. There are CRAZY cheap stuff at Ikea.

Yeah but I always want to be prepared for any guests as well. I also like to read the reviews on products before I buy them and Amazon provides plenty of that. While I do appreciate all the advice you have given I can easily tell we have two different lifestyles...lol.

 

[Anita18]

Yeah but I always want to be prepared for any guests as well. I also like to read the reviews on products before I buy them and Amazon provides plenty of that. While I do appreciate all the advice you have given I can easily tell we have two different lifestyles...lol.

Yes, but I have more leeway in what lifestyle I choose.

And I love Amazon reviews, but seriously, a fork is a fork.

 

[Quasimod0]

Yeah but I always want to be prepared for any guests as well. I also like to read the reviews on products before I buy them and Amazon provides plenty of that. While I do appreciate all the advice you have given I can easily tell we have two different lifestyles...lol.

What is a review for a silverwear set even going to say? lol

 

[charl_huntress]

What is a review for a silverwear set even going to say? lol

Haha...I just wrote one for a set I bought. I mentioned how they held up in the dishwasher and how balanced they were to hold. That's important so you don't drop them all the time.

LOL...these were pretty expensive, so someone buying them would want to know how long they lasted, and if they were worth it.

 

[RedIsNotBlue]

Yes, but I have more leeway in what lifestyle I choose.

And I love Amazon reviews, but seriously, a fork is a fork.

Well I wasn't speaking about silverware specifically just in general on things you can buy on there. I've avoided wasting money plenty of times on garbage products or overspending in general thanks to the reviews on there.

 

[charl_huntress]

Well I wasn't speaking about silverware specifically just in general on things you can buy on there. I've avoided wasting money plenty of times on garbage products or overspending in general thanks to the reviews on there.

Same here...I love Amazon. I buy a lot of products from there. I even bought a TV stand from them. It was a great purchase too.

 

[the last son]

My first year just passed since I got my apartment. It was definitely the right move. I'm 27 now and it's taught me responsibility mostly. I also love answering to no one.

 

[Spitfire]

My first year just passed since I got my apartment. It was definitely the right move. I'm 27 now and it's taught me responsibility mostly. I also love answering to no one.

The thing I loved most about my first home was the freedom that comes from not sharing with anyone else! You have less money in your pocket but you can't beat having your own place t:

 

[DarkSentinel]

Me and my best friend are aiming to find a pad this year.

 

[The Endless]

Renting is basically throwing money away. And it's really difficult to save up for a mortgage deposit whilst already paying someone elses mortgage (renting).

I came home for 2 years so i could save up for a deposit. Obviously i was still giving my parents money and contributing... but now i'm on the property ladder and have an investment for the future.