not sure if the flair is correct but i am a freshly 18 year old senior in high school living with my parents. i work minimum wage part time at a movie theatre (they only do part time) with flippant hours. starting june i'll be paying 450 a month not including car payments, insurance ect. to make matters worse my father just got fired and i have 4 other siblings, i heard talks of them upping my rent to help "provide". I am just unsure on how to go about this? the rent thing got thrown on me out of nowhere and i have about 700 in savings. i am locked into community college at this point, i'll be paying for college but through staying home i thought i could work and save. my hours are barely hitting 20 a paycheck right now. any advice would help.
18 living with parents who take paycheck, advice on saving and moving out?
byu/missinggrls inpersonalfinance
Posted by missinggrls
7 Comments
Oh to be young again. Just enjoy it and save some money but have fun too. Go with the flow.
Youlll need to work more once school ends
$450 a month is frankly way cheaper than you’ll find anywhere else (as much as that sucks)
It’s ultimately about your options.
If you were to move out on your own, how much would that cost? If they up your rent, how much would that cost?
I suspect the answer is probably still going to be paying rent to your parents, but you have to do whatever is best for you.
find a full time job after school, that’s it
Look for a different summer job that pays more than min wage
Have your check direct deposited in your own account (not joint and no ones name on the account expect yours). Apply for a job at your college where you can get office experience or something useful for your resume. Look into it now.
It is not your job to support 2 adults and 4 siblings.
You need to go to college or trade school. Stay there with the 450 rent until you have a marketable skill. Otherwise you’ll be chasing your tail for the rest of your life.