Budgeting

How to Create a Basic Budget
How to Create a Basic Budget

How to Create a Basic Budget

  |   By AuthorMy First Apartment
Creating a budget is one of the most important steps in keeping your finances in order. When you move into your first apartment, you’ll have to pay for necessities, such as rent, utilities, and groceries, while also being able to afford many other monthly bills, including commuting or car payments, student loan payments, phone,  cable…
How Much Rent Can I Afford on My Hourly Pay?
How Much Rent Can I Afford on My Hourly Pay?

How Much Rent Can I Afford on My Hourly Pay?

  |   By AuthorMy First Apartment
The basic target rent formula that landlord’s use is annual before-tax income divided by 40. When you are on a straight salary estimating the number is easy. However, if your are getting paid hourly, budgeting your maximum affordable rent is a bit more complicated and you have to factor in both your hours and hourly…
Quick Tips to Help Cut Your Utility Bill This Summer.
Quick Tips to Help Cut Your Utility Bill This Summer.

Quick Tips to Help Cut Your Utility Bill This Summer.

  |   By AuthorMy First Apartment
Hey you, living under this “heat dome”! Utility costs with your apartment got you down? With all the additional expenses that come with summer (long nights out, vacations etc.), it can be easy to blow your budget and not have enough for those unexpected rises in utility costs (AC, more frequent showering, etc.). If you’re…
Quick Ways to Make Extra Cash…With NO Work!
Quick Ways to Make Extra Cash…With NO Work!

Quick Ways to Make Extra Cash…With NO Work!

  |   By AuthorMy First Apartment
Maybe it’s just me, but I find myself strapped for extra cash during the summer time. Whether it’s more time for activities or planning vacations, money doesn’t seem to last as long as it does in the colder months! However, I am NOT complaining, because I found a few ways to save a little extra…
Ask Yourself These 6 Questions When You Are Budgeting for First Apartment Expenses
Ask Yourself These 6 Questions When You Are Budgeting for First Apartment Expenses

Ask Yourself These 6 Questions When You Are Budgeting for First Apartment Expenses

  |   By AuthorMy First Apartment
The amount of rent is obviously the most important consideration in your first apartment search, but there are several other factors that can make or break your first apartment budget. Before you fall in love with an apartment, ask  yourself these six questions and factor your answers in when you are budgeting for apartment expenses.…
How to Save Money on Food
How to Save Money on Food

How to Save Money on Food

  |   By AuthorMy First Apartment
Food can get expensive, especially if you add eating out at restaurants to your cost. Redesigning how you buy and cook can save you a lot of money on food. Whether your budget needs organization, you need to clip coupons, or you need to learn better meal prep, saving money on food is definitely doable.…
How Much Should You Budget for Apartment Utilities?
How Much Should You Budget for Apartment Utilities?

How Much Should You Budget for Apartment Utilities?

  |   By AuthorMy First Apartment
This post was originally published in August 2012 and has been a reader favorite since. It has been updated with our 2015 and 2016 utility cost survey results. To find out what our readers actually paid for utilities in July 2015, check out these results of our online survey.  Our January 2016 utility survey results…
Financial Planning to Make Sure You Can Keep Your First Apartment
Financial Planning to Make Sure You Can Keep Your First Apartment

Financial Planning to Make Sure You Can Keep Your First Apartment

  |   By AuthorMy First Apartment
If you’re just starting out in your first place, it’s likely that you’ve secured a job (or some sort of income) to ensure your bills can be paid each month. While the job market has stabilized in recent years, it’s always important to prepare for a worst-case-scenario when it comes to money. What would happen…
Saving for First Apartment: How Much Money Do You Need to Move Out?
Saving for First Apartment: How Much Money Do You Need to Move Out?

Saving for First Apartment: How Much Money Do You Need to Move Out?

  |   By AuthorMy First Apartment
This post was originally published in September 2013 and has been updated here for 2016. Check out the comments to the original post for some detailed examples on how to calculate your savings target. For many of our readers, moving into their own apartment is the ultimate goal. You want a place of your own,…
Furnishing Basics: Where to Skimp and Where to Splurge
Furnishing Basics: Where to Skimp and Where to Splurge

Furnishing Basics: Where to Skimp and Where to Splurge

  |   By AuthorMy First Apartment
Moving into a first apartment is exciting, and it should be! But it also often comes at a time in our lives when we aren’t rolling in money. Many of us are college students or recent grads…so how can we make sure that our money is well spent? Accepting that we don’t need the most…