... you live, this could be approximately $2,000). How can you structure your budget to move away
from home while continuing to pay off your student debt? What will your budget look like when you are
living on your own? In how many months do you think you would be able to move out? What financial
sacrifices might you have to make to make that possible?
Acquiring an apartment usually requires the pre-payment of two months’ rent (depending on where...
- Posted:
- 3+ months ago by dkfly01
- Topics:
- home, apartment, student, structure, away, rent, month, payment, homes, budget
Details:
Answers (1)
1. A massive savings plan right now where you are currently living
2. A complete map search for an area where 2 months rent is not required. I didn't think they were doing that anymore.
3. Think small! There is no need to start out with a big apartment, big rent, and bells/whistles. The more bells and whistles the higher the rent. Get a list of all the studio apts in your area and get out and start looking. There are studios, over sized studios and junior studios (if you are claustrophobic don't bother with juniors).
If you've never been on your own, don't know how to make a budget or live on a budget and finances are tight then think small. Get a small apt for the first year. Call it your practice home. Get some place you know you can afford and that is not going to squeeze your wallet. You will still be on your own and making your own decisions while you learn the ropes. They are easier to decorate and utilities are cheaper.
While you are out apt looking stop at some thrift stores. Almost every major charity such as cancer, heart, diabetes, etc have their own thrift stores besides Goodwill. You can outfit and decorate a starter home so much cheaper by going to these places. Consignment stores are good for furniture also. I got a great chair for $35 at a cancer assn store.
So consider lowering your sights a bit. Once you have a handle on paying rent and bills and buying groceries you will have a much better base for moving on up the rental ladder.
If you pay with cash and not a debit card here's a trick: NEVER pay with coins. Use paper money for everything if it costs 1.02 give the cashier 2.00. At the end of the week throw all your change into a jar. I did this and about every 3 months or so I had about $100! Nice little stash for a big night out, something for the home, a bunch of movies, clothes or a savings account deposit.
To click on the link below remove the space after the //
https://
blog.mint.com/how-to/how-make-budget-living-alone/
www.thebalance.com/are-you-ready-to-move-out-2385960
Good luck!