I’m 21 and make about $2000/month working retail. I’ve been at the same job for around 2 years, working 5 days a week, 12pm–8:45pm (8-hour shifts). I recently got an interview for a job offering the same hours but about $3 more per hour. My current income is stable, but it hasn’t been enough to build independence.
For the past 3 years, I’ve been living in a motel with my parents. I contribute about $600/month toward the motel rent. My mom struggles with alcoholism and doesn’t work, and I help cover costs, which makes it hard for me to save or plan a way out.
I don’t have a degree, certifications, or a car. I do have access to public transportation, but it’s not very reliable where I am, so I often rely on Lime scooters to get around the city.
Some additional context:
Same job for ~2 years (stable employment)
Building credit for ~2 years (no major issues)
Very little savings because of living expenses and helping at home
I feel stuck because I’m contributing to my current living situation while also trying to figure out how to become independent.
Main questions:
Should I prioritize saving money even if it means contributing less to my family?
Is it possible to move out with roommates at my income level?
What would you do first if you were in my position?
$2K/month income, motel housing, limited savings — what’s the best path to independence?
byu/ReplacementFine4213 inpersonalfinance
Posted by ReplacementFine4213
2 Comments
I’m gonna be honest boss, don’t drown yourself to save others.
Your parents are adults. Much older than you presumably. They are not your responsibility. You are going to get nowhere in life if you have to carry them through it too.
Answers to your main questions:
Yes
Yes
Stop living in a motel with my alcoholic mother and get an apartment. Even if you want to keep living with her I feel like you could get an apartment for less money than a motel. But you will be much better off if you find non-alcoholic roommates.