Moving into your own place can be scary, especially if you've never been on your own before. There are so many new responsibilities that come with your own apartment or home and it's common to have lots questions. Can you afford your own place? Should you rent or buy? Carmen Wong Ulrich answers these questions for an iVillager who's nervous about being on her own for the first time.

If you have a financial question you'd like Carmen to tackle, post it here in the comments or email us directly at ivcommunity@mail.ivillage.com

Watch Carmen Wong Ulrich's 'On The Money' Weeknights at 10PM ET on CNBC! Find more information on coping with the economy with our Bail Yourself Out resources.