19 too young to move out

[OlympicTim]

Hey guys so right now its looking like I can get an apprenticeship with a friend of my dads. Ill be 19 when it starts and Ill be living with him until I get enough money to afford my own place. Do you thibk 19 is too young to move out or should I just go for it

 

[Skyline]

My personal plan sounds similar to yours but I'm still living with family, you will not be. So more than likely you might end up paying rent, some bills, phone, etc... Also, how good is your credit score? It's hard to get a house, at least that's what I want by the time I'm 26, with no credit history/low score.

Living with your family is a free roof over your head, which gives you time to save up and even build your credit score. My buddy moved out and he has a car payment plus insurance, he pays about $500 a month in between the two PLUS rent which is an extra $250. Thats 3/4 of his monthly income gone, just on living expense. He has NO credit card as well... Meaning his credit score is very, very, low if not non existent. He cannot get a loan for a nice car/house on his OWN by the time I will be 26, but I will be able to on MY own.

My credit score is 710 and I'm the same age as you, I drive a nice car because most banks take a liking to me. I plan on opening another bank account with a credit card when I'm 21. My credit score will be 850($50k/any amount of money loan status basically) by the time I'm 23. I also make almost twice as less as my buddy whom moved out does yet I'm more financially stable compared to him.

I highly recommend you learn about financial stability before going anywhere, unlike my friend who is basically in the toilet in terms of finances.

 

[Peña]

No, 19 is not too young to move out. My friends and I were gone at 18 playing ball and it was good to be on our own having freedom. If you have the finances to support yourself you should do it. If not, wait until you are set so you do not run into financial problems. Then you can get screwed if you are not finacially set. Good luck man.

 

[Amilz]

My personal plan sounds similar to yours but I'm still living with family, you will not be. So more than likely you might end up paying rent, some bills, phone, etc... Also, how good is your credit score? It's hard to get a house, at least that's what I want by the time I'm 26, with no credit history/low score.

Living with your family is a free roof over your head, which gives you time to save up and even build your credit score. My buddy moved out and he has a car payment plus insurance, he pays about $500 a month in between the two PLUS rent which is an extra $250. Thats 3/4 of his monthly income gone, just on living expense. He has NO credit card as well... Meaning his credit score is very, very, low if not non existent. He cannot get a loan for a nice car/house on his OWN by the time I will be 26, but I will be able to on MY own.

My credit score is 710 and I'm the same age as you, I drive a nice car because most banks take a liking to me. I plan on opening another bank account with a credit card when I'm 21. My credit score will be 850($50k/any amount of money loan status basically) by the time I'm 23. I also make almost twice as less as my buddy whom moved out does yet I'm more financially stable compared to him.

I highly recommend you learn about financial stability before going anywhere, unlike my friend who is basically in the toilet in terms of finances.

How did you learn about it?

 

[Tictac]

I left home at 18 and never lived there again.

You'll be way better off because you will start to learn how the real world works sooner than your buds that let Mom and Dad wipe their butts until they are 30.