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Old 09-30-2010, 10:52 AM
 
3 posts, read 8,254 times
Reputation: 10

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I just graduated college and have a marketing degree. I am looking to rent an apartment by myself and am in the process of setting up interviews with several companies in the Charlotte area. I have about $2000 saved up from my summer job.

I'm hoping the money allows me to find a cheap apartment and gives me a month or 2 to find a job to start my professional career.

Is this plausible?
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Old 09-30-2010, 11:18 AM
 
2,919 posts, read 5,805,531 times
Reputation: 2801
Keeping it real here....NO. Not to be a downer..but You my fellow relocator are not the only one looking for a job.....Charlotte has been hit with joblessness.Competition is fierce even for the part time jobs...Good luck in landing a full time job..if you can...
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Old 09-30-2010, 11:29 AM
 
Location: Mooresville, NC
1,865 posts, read 5,378,296 times
Reputation: 707
Do yourself a favor & stay put! Keep working where you are right now & save some more $$$. While doing that, keep looking for employment in the Charlotte area. Don't make the move until you've landed a job. GOOD LUCK!!
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Old 09-30-2010, 11:58 AM
 
Location: Waxhaw, NC
1,076 posts, read 2,368,833 times
Reputation: 1109
Although it may be cheaper for one person, it cost my family of 3 with a few "toys" in tow $10k to move to Charlotte. I'd say for you to have at LEAST 3/4 of that before you move. That way, if you don't land a job right away, you have a cushion. You will need first and security to move, sometimes even first last and security. Plus groceries for a month. Plus your new job would probably hold your paycheck a week. So figure thats close to $3000 upfront needed, if you find a job right away.
I had planned for 2 yrs to move here, for some its shorter, for some longer. Just make sure your financially secure.
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Old 09-30-2010, 12:25 PM
 
Location: Wherever women are
19,012 posts, read 29,715,345 times
Reputation: 11309
Quote:
Originally Posted by sporsophile93 View Post
I just graduated college and have a marketing degree. I am looking to rent an apartment by myself and am in the process of setting up interviews with several companies in the Charlotte area. I have about $2000 saved up from my summer job.

I'm hoping the money allows me to find a cheap apartment and gives me a month or 2 to find a job to start my professional career.

Is this plausible?
Nope. For your own safety, stay where you are for now.

Even the great company that brought me here forcefully is laying off people around me. Some people are being told to leave the same day.

Me and Charlotte always have a jinx. I ran out of this city scared in 2008 and survived. And it was in October. Well, tomorrow's October.

Move next year, not now.
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Old 09-30-2010, 12:27 PM
 
Location: Wherever women are
19,012 posts, read 29,715,345 times
Reputation: 11309
Besides, with your degree and domain, this is the wrong time to move. The holidays are up and people go into a hiring freeze.
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Old 09-30-2010, 01:13 PM
 
Location: Lansing, MI
2,948 posts, read 7,019,456 times
Reputation: 3271
$2000 is not much to live on. Is this the money you have after you've traveled down, or is your travel money also coming out of this?

When I moved down, I had to pay 1 month security deposit plus 1 month rent. A 1 bedroom apartment in a safe neighborhood (not even up scale) will cost you at least $500-600/mth. You may have to put a deposit on utilities. If you get internet, you have the start up costs for that. Then, you have gas money, food money and job hunting expenses. And definitely don't get your NC license and car registered over.. that expense will cost you quite a bit. If you're just bringing a car full of stuff, your moving expenses will be minimal.

What happens if you don't land a job? If you're locked into a lease, you're liable for that contract.

Your best bet is to travel for job interviews, and at most, do a long term stay in a local motel; they do have weekly rates. Moving down on $2000 can be done, but it will be very tight and very difficult.
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Old 09-30-2010, 02:02 PM
 
3 posts, read 8,254 times
Reputation: 10
Thanks for the replies. I realize it's risky.

One of the problems that I face is some apartment owners have an employment requirement, and I can't really interview for most jobs because I live so far away (western NY). Perhaps my best bet would be to schedule a week's worth of interviews, and instead of moving down for good, stay in a hotel and interview for the whole week. Maybe my $2000 would be better spent that way. That way if I land a job, I can move, if I don't, I'll start over again.

I WOULD be moving with a car full of stuff. And the $2000 includes everything that I have saved up, before any traveling. I realize it's a stretch. But apparently some companies ARE hiring if I have already set up a couple interviews (I can always cancel them if I don't end up going).

I figure $1000 would go towards first, deposit, and utilities (I am looking in the $600 range for monthly rent... which some have monthly leases!). And then $500 for all other expenses... gas, food, etc... so that would give me a month to find a job and start my career. And if it didn't work out... 2 part time jobs would pay all the bills until I found somethin...
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Old 09-30-2010, 02:28 PM
 
Location: East Lansing, MI
28,353 posts, read 16,376,689 times
Reputation: 10467
Before we moved down here, my wife had several phone interviews. Are none of the people you're interviewing with willing to do a phone interview, at least for the first round of the interview process?
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Old 10-01-2010, 10:34 AM
 
Location: Lansing, MI
2,948 posts, read 7,019,456 times
Reputation: 3271
Quote:
Originally Posted by sporsophile93 View Post
I figure $1000 would go towards first, deposit, and utilities (I am looking in the $600 range for monthly rent... which some have monthly leases!). And then $500 for all other expenses... gas, food, etc... so that would give me a month to find a job and start my career. And if it didn't work out... 2 part time jobs would pay all the bills until I found somethin...
Giving yourself only 1 month to land a job is too risky here, even if you're settling for a couple part time jobs. NC has a significantly higher unemployment rate than NY, and you truly need to have more savings to fall back on than just 1 month.

Yes, you can get a monthly lease on an apt, but you will pay a much higher price. I think using the money to travel for interviews may be a wiser investment.

As for inexpensive rentals, you can check Craigslist to see if anyone has a furnished room for rent that might be cheaper than a weekly rate at a motel.
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