Posts Tagged: budgeting for rent

10 Costs First Time Renters Don’t Think About
10 Costs First Time Renters Don’t Think About

10 Costs First Time Renters Don’t Think About

  |   By AuthorMy First Apartment
By Stephanie Lynch If you recently found the perfect apartment — congratulations!  It can be pretty time consuming to find the right area, amenities, landlord and price.  There’s nothing better than walking into an apartment and instantly clicking with it. While signing the lease to your new apartment may be exciting, most apartment tenants, especially…
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…
3 Key Steps to Getting Your First Apartment
3 Key Steps to Getting Your First Apartment

3 Key Steps to Getting Your First Apartment

  |   By AuthorMy First Apartment
Looking for an apartment, especially your first apartment, can be overwhelming.  To find the right rental you need to consider many variables, including the neighborhood, your budget limitations and your lifestyle. We have broken the whole intimidating process down into three manageable steps that will coach you to find an apartment that is right for you.…
The 3 Secrets to Creating (and Sticking to) a New Apartment Budget
The 3 Secrets to Creating (and Sticking to) a New Apartment Budget

The 3 Secrets to Creating (and Sticking to) a New Apartment Budget

  |   By AuthorMy First Apartment
Unlike riding a bicycle, going to the mall alone, or receiving your first college acceptance, no one informs you when you’re ready to move out. Wouldn’t that be so much easier though? A major decider (besides your parent’s not so subtle hints) is when you’re are able to afford paying your own rent, utilities, groceries…
What Those Cool Apartment Amenities Will End Up Costing You In Rent
What Those Cool Apartment Amenities Will End Up Costing You In Rent

What Those Cool Apartment Amenities Will End Up Costing You In Rent

  |   By AuthorMy First Apartment
A couple of weeks ago, our friends over at ForRent.com shared this nifty infographic with us. Through their research, they break down how much the most sought-after apartment amenities add to your overall rent. Whether it’s location, a great view or gym, be prepared to pay for what you get. So, when you set out on your search for…
Living On Your Own: 7 Tips For Avoiding Budget Woes
Living On Your Own: 7 Tips For Avoiding Budget Woes

Living On Your Own: 7 Tips For Avoiding Budget Woes

  |   By AuthorMy First Apartment
When you finally make the big move into your very first apartment, you are pretty unaware of the big financial hit you are about to take. No, that doesn’t mean you’ll be broke for the rest of your life nor does it mean that you can’t make it on your own. However, it does mean…
Our Most Popular Advice for First Time Apartment Hunters
Our Most Popular Advice for First Time Apartment Hunters

Our Most Popular Advice for First Time Apartment Hunters

  |   By AuthorMy First Apartment
As the spring apartment hunting season kicks into high gear, here are some of our most popular post for first time renters. How much do you need to save before you can afford to rent an apartment? The short answer is about 10% of your annual salary, but check out these two posts here and here for how…