Should I Move Out With My Friends?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 16 November 2022
⏱️ 10 minutes
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Summary
I currently live rent free with my parents, but am looking to move out with some friends. Should I do it?
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. It's Wednesday, November 16th. And we are here answering |
| 0:09.7 | financial questions. And it really does not matter the nature of the question. It could |
| 0:16.0 | be a retirement question. It could be a just starting out question. It could be an education |
| 0:20.7 | question. We are starting to field many questions about what do you do in a recession? It could |
| 0:26.6 | be a year-end planning question. I don't care. As long as you have needs, we are there to satisfy |
| 0:33.6 | those needs. I mean, financially speaking. So all you need to do is go to our website JillOnMoney.com. |
| 0:40.8 | Click the contact us button. Let us know if you would be willing to come on the air. That is what |
| 0:45.6 | And did and is on the line from the Twin Cities. Welcome to the program. And what can we do for you? |
| 0:51.8 | Thank you so much. So my question is, I want to know if I can move out with my friends. I am 24 |
| 1:00.3 | years old. I just graduated. I'm just saying yes because that's what I know you want to hear. |
| 1:07.5 | All right. You're 24. You graduated from college. How long have you lived home? |
| 1:11.7 | About four months. How's that going? It's going well. I belong. My parents great. I was just going |
| 1:17.0 | to say so it's not like it's bad. All right. Well, tell us about yourself. Do you have a job? |
| 1:24.2 | I do. Yes. I am an engineer at a local company. Okay. How much do you earn? |
| 1:30.2 | $75,000 a year. Sweet. That's great. Do you have any debt from college? |
| 1:36.4 | No. No debt. How about car loan? No car loan. Any car? Do we have a car? |
| 1:43.7 | I do have a car. I always think, always forget about this. I used to just assume people don't have |
| 1:48.8 | cars. And then I was like, wait a minute. You need a car to get to work at many places. So a car. |
| 1:53.4 | Okay. Car, but no debt of the $75,000, right? Are you making contributions into a retirement account |
| 2:02.0 | yet? Yes. I am taxing my 401k and my Roth IRA. Awesome. How much cash do you have on hand? Do you |
| 2:12.0 | have some money in or just a checking savings account? Yeah. I have around 3,000 in my checking and |
| 2:18.3 | 4,000 in my savings. Are you putting money into checking and savings on a regular basis right now? |
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