Posts Tagged: Apartment Budgeting

Here’s Which Kitchen Tools You Can (and Can’t) Buy Secondhand
Here’s Which Kitchen Tools You Can (and Can’t) Buy Secondhand

Here’s Which Kitchen Tools You Can (and Can’t) Buy Secondhand

  |   By AuthorMy First Apartment
To many apartment dwellers, apartment life means serious budgeting. Furniture, cookware, and other household items can be expensive, so you may want to buy some things secondhand. However, that’s not always the smartest move. Below, learn which kitchen tools you can and can’t buy secondhand. Why buy secondhand? When you’re buying used kitchenware, you’ll pay…
What Is Net Effective Rent?
What Is Net Effective Rent?

What Is Net Effective Rent?

  |   By AuthorMy First Apartment
If you are currently searching for a new apartment, it’s possible to come across listings that offer a month or two of free rent. While it may be exciting to see discounted rent, you should be aware of the potential long-term consequences of short-term cheaper rent. Below, learn all about discounted apartment rent, often called…
How Can You Get Rent or Mortgage Relief Despite the CARES Act Expiring?
How Can You Get Rent or Mortgage Relief Despite the CARES Act Expiring?

How Can You Get Rent or Mortgage Relief Despite the CARES Act Expiring?

  |   By AuthorMy First Apartment
Starting Aug. 24, the CARES Act will stop shielding millions of renters from eviction. On July 31, jobless workers stopped receiving $600 weekly enhancement benefits. President Trump has issued a memorandum lowering the unemployment benefit to $400 a week, but some people may not receive the payments for weeks. Additionally, underfunded states may not have…
MFA IRL: How Much Rent Can Olivia Afford?
MFA IRL: How Much Rent Can Olivia Afford?

MFA IRL: How Much Rent Can Olivia Afford?

  |   By AuthorMy First Apartment
We are starting today a new series, MFA IRL or My First Apartment In Real Life, where we answer selected reader questions that were posted in the comments. You can also email your questions/comments to [email protected] Olivia, 23, moving out of her parents’ house later this year, asks: “How much rent can I afford?” Income:…
5 New Year’s Money Resolutions You Can Actually Keep
5 New Year’s Money Resolutions You Can Actually Keep

5 New Year’s Money Resolutions You Can Actually Keep

  |   By AuthorMy First Apartment
These simple money tips by Alex will give your 2019 a great start. Maybe last year’s resolution to hit the gym and drop 10 pounds didn’t work out so well, nor did that plan to write a best seller. Perhaps you were over-reaching a bit. Luckily, a new year means new beginnings and a chance to make realistic…
3 Top First Apartment Money Traps and How to Avoid Them
3 Top First Apartment Money Traps and How to Avoid Them

3 Top First Apartment Money Traps and How to Avoid Them

  |   By AuthorMy First Apartment
This post is aimed at all you new grads starting to plan for your first apartment. Watch out for these three money traps that can foil your plans for getting your dream apartment or bust your budget once you get one. Trap #1. Your Car Your car? What does your car have to do with…
First Apartment Budgeting Boot Camp: Brit and Billy
First Apartment Budgeting Boot Camp: Brit and Billy

First Apartment Budgeting Boot Camp: Brit and Billy

  |   By AuthorMy First Apartment
Your first apartment budgeting boot camp continues. Today we look at two real life examples, based on questions we have received from two of our readers, Brit and Billy. (Next week’s lesson will cover apartment budgeting when you are moving in with your significant other.) Brit: “Hi there, I’m also looking to move out of…
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
2017 Update: You can download our new Printable Apartment Budgeting Worksheet and use it to estimate your rent and budget for all your expenses. 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…