How to save money for my own apartment?
I am a 20 yr old woman and im ready to get my own place. Im so tired of living w/ y mom the lady drives me crazy. I told her Im ready to move out and she just looked at me and laugh and said your not ready its to much responsibility but i know i am. my mother never had faith in me when it comes to responsibility because of how i was a teenager but im more mature now. So can you guys give me tips on how to save, how much to save and anything you want to add. Im looking for an apartment in the range of $650-800 all utilities included. Please help me out im so ready to move.
Public Comments
- ok lets just say that ur paying 800, just cuz thats the highest amount. u should save 800 for the first month, 800 for a security deposit, and plus about 100 extra for other things u may need so u should save about 1700. it is expensive to live on ur own, but it is way worth it! good luck.
- roommates can always be a a big plus especially when your moving out on your own for the first time, it is def alot cheaper with a roommate or two
- Your going to need to save enough money for first and last month's rent and your security deposit. Which varies but plan for 500.00 at least. I found that if I cut out little things I saved enough money. Less trips to starbucks or bring your lunch to work. I went shopping less also. Good Luck!
- Well, usually you will need at least three times one month's rent just to sign the lease and move in: one month = first month's rent; one month = security/cleaning deposit; one month = last month's rent. So, if you get an $800/month place, prepare to pay about $2400 just to move in. You will also most likely need references from past landlords. You won't have that, so you may need your mom or someone to co-sign the lease to guarantee that you will pay rent and be a decent tenant. The best way to save money is simply put as much as you can away each time you get paid. If you don't know this about budgeting by now, you may want to spend some time learning about budgeting (and "pretend" to pay rent, by putting away an amount of money each month in a savings account that you do not touch... and "calling" it rent when you put it away -- to teach yourself how to live on a budget). Otherwise, when you move out, you will be quite surprised at how fast the money goes and how quickly the first of the month rolls around. Good luck.
- It's really not that hard to save money, I've been doing it since I was 10 years old. Right now I live at home saving up for my own house and I'm doing very well. I make $900 a paycheck so first I pay off any bills. Of the remaining, 5% goes to retirement, 60% goes into the house fund, 10% to emergency savings, and the rest is fun money. I recommend working on buying household items you'll need well before moving out. Moving is expensive enough without having to buy all the fixings!
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