Originally Posted by
fortpatches
Assuming a male, in OKC, less than 25 years old:
Currently, assuming are working that $15/hr full time and that they have an angel of a boss that schedules around your classes:
$15/hr = $31.2k/yr =~$26k net
For someone making $15/hr there are 59 rentals in OKC available at $722/mo or less. (Only 47 with one or more bedrooms and only 1 with more than 1 bedroom). There are only 9 rentals available in OKC less than $600.
That leaves you with about $1444/month.
Water = $50
Electric = $120
Internet = $50
Phone = $50
That leaves you with ~$1175/month.
Assuming you take the minimum hours for a full-time student, at OSU-OKC, and you are getting an Associate's degree. That is $5,218.80/yr in Tuition, Books, and Fees. So, if you can setup a payment plan to pay evenly throughout the year, that's about $434/month.
That leaves you with ~$741/month
The used cars within 50miles of my zip code and less than 100k miles with $0 down and financed for up to 5 years, at $200/month or less only shows 35 cars.
Premiums for minimum coverage in OK on average for 20year old ~$110/mo (almost twice that if you are 18 years old).
Putting aside $50/mo for maintenance.
My personal average monthly fuel cost since I bought my car is $106/mo.
That leaves ~$275/mo.
Oklahomans pay an average of $230 per month, or $2,756 per year on non-restaurant food and beverages.
So that leaves $45/month to save, dining out at restaurants with friends or family, having Avocado Toast or fancy Starbucks drinks. Or for a streaming service. Or household furnishings. Buying Kitchen utensils. Buying personal hygiene products. Maybe for buying paper towels or toilet paper. Or replacing clothing or shoes. Maybe getting a haircut to look presentable.
So, if you are one of the ... lucky(?) people to buy one of the 35 cheapest cars and one or the 47 cheapest rentals in OKC, you could probably just eeeek by on $15/hr covering your schooling at a cheap community college assuming you have no debt at all at this time, other than your car. And are at least 20 years old.
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