Posts Tagged: first apartment budgeting basics

4 Ways to Save Money On Now
4 Ways to Save Money On Now

4 Ways to Save Money On Now

  |   By AuthorMy First Apartment
Many of us start the year with resolutions around saving money, but by now the good intentions are gone and we have slid back into our old wasteful habits. It’s not too late to course-correct and, fortunately, it won’t be as hard as it may sound! There are plenty of easy swaps you can make…
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…
Budgeting Boot Camp: Printable Apartment Budgeting Worksheet
Budgeting Boot Camp: Printable Apartment Budgeting Worksheet

Budgeting Boot Camp: Printable Apartment Budgeting Worksheet

  |   By AuthorMy First Apartment
Our Budgeting Boot Camp continues. We are getting a high volume of comments from our readers to our budgeting-related posts Rent Calculator, How Much Rent Can I Afford on My Hourly Pay, How Much Money Do You Need to Save to Move Out, and others, asking for help with estimating first apartment living expenses. In…
First Apartment Budgeting Boot Camp: Couples
First Apartment Budgeting Boot Camp: Couples

First Apartment Budgeting Boot Camp: Couples

  |   By AuthorMy First Apartment
As promised last week, this is the couples week at the first apartment budgeting boot camp. We’ll try to figure out answers to Rachel’s, Celeste’s and Jimmy’s questions. Rachael Rachael asks: “Do you think $810 would be too much rent for my boyfriend and I together?” See Rachael’s question as a comment to http://www.myfirstapartment.com/2012/08/how-much-should-you-plan-for-utilities/this post.…
First Apartment Budgeting Boot Camp – Formulas and Guidelines
First Apartment Budgeting Boot Camp – Formulas and Guidelines

First Apartment Budgeting Boot Camp – Formulas and Guidelines

  |   By AuthorMy First Apartment
Moving into your first apartment is a big learning experience in so many ways: How to deal with landlords? How to keep your place clean? How to manage to cook and eat a healthy diet? However, for most first time renters the biggest learning hurdle is how to manage all the new expenses. For the…
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
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…
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…