Posts Tagged: first apartment budgeting basics

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…
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,…
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…