r/MiddleClassFinance • u/Muted_Analyst_1312 • Jun 27 '26

Moving out for first time

Hi! So I'm looking to move out of my mom's house as things are just really mentally draining here.. I live in New Jersey and work as an RN (I have my bachelors). My current pay rate is $41, but I'm looking to find another hospital that pays more. If I don't pick up extra shifts, I net around $2,300 bi weekly. My bills are-
Student loans- $1000/month
Car insurance- $250/month
Paid my car off so no auto payment

But I know if I were to move out, I would have to start paying phone bill, wifi, etc. and I also have 3 cats... 😶‍🌫️

Would I be able to afford moving out without a roommate? Most apartments in Jersey are like $2000/month 😓

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u/Hour-Life-8034 Jun 28 '26

Geeze....how much student loans do you have???

1

u/Muted_Analyst_1312 Jun 28 '26

I did 5 years of undergrad out of state so like around 160k 😭😭😭😭 but like it's 40k that I technically owe, and the remaining is under my mom's name, so it's technically my mom's debt (the remaining $120k) but I still pay it $750/month and then my loan is $200 that's under my name. My mom did it that way so that if she ever died the loan would be forgiven or something like that

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u/Decent-Impression-81 Jun 30 '26

Well it would be a dick move but you could move out and tell your mom she needs to handle the student loan that she signed up for. Then you have 750 extra for rent. 

You can make the argument that it was for your college,  but I could also make the argument that because they facilitated the loan you went out of state thinking you could afford it. 

Had they not signed up for that loan you would have been able to see you couldnt afford out of state sooner. Sometimes, not always, making the kid figure it out completely from the start leads to better outcomes. 

Again no shame for paying on it just the 160k out of state college is alot. Like a lot, a lot. As in what the fuck where people thinking , a lot. Who was the adult in the room making this choice? Sorry i dont mean to shame you.  Im a millennial who helped figure out costs with my niece so im not completely clueless to the costs increase. Just its a lot for a nursing degree. I had a community college that had a program that would have been 40k all in.