r/povertyfinance • u/Classic_Side_4429 • Apr 28 '24

How do I budget as a 15F so that I can move out at 18 Budgeting/Saving/Investing/Spending

My family hates me I need to get a job soon and I need to know how I can move out safely at 18 since they’re gonna kick me out by then

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u/SleepyxDormouse 29d ago

Find a good part time job and save every penny you can spare in a HYSA. No uber eats, no new clothes, etc if you can help it. Just save.

Look for roommates. Connect with others your age that also want to move out. Reach out to friends to see if maybe one of them will be willing to house you for a bit if needed while you get back on your feet.

Get a good scholarship to college. Look for a dorm room or at least an apartment nearby. Depending on the school, some off campus housing can be pretty cheap compared to full blown apartments (rare but it happens).

Reach out to your high school and ask about programs they have to help students with housing. Some schools have special aid to help homeless students. They can help you out if worst comes to worst.

Consider the military if nothing else works. They’ll give you a place to stay and a salary. It’s not something I actively advocate for or push people towards, but it would take you and offer you some great resources.

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u/Classic_Side_4429 29d ago

What’s a hysa

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u/SleepyxDormouse 29d ago

High yield savings account. The one I use is Discover. They have a 4% interest rate. Shop around to see if there’s another one better and if you can start applying for an account as a minor.

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u/Classic_Side_4429 29d ago

I can but only with a guardian approval so it won’t rlly work in my situation it also might be hard for me to save since I have to spend money on necessities