Annual Salary (see below 1.) Or if you stay where you are and save at least half of your take-home, you could accumulate a $30,000 nest egg in 2 years, enough for a down payment of at least a small condo in many areas. You have very high car expenses, almost $700 a month and you probably have to do something about that before you can comfortable afford to move out on your own. Estimated annual take-home pay $31,500 $363 Car payment: $165 350-1200 Sqft. $125) $0 Hi Jordan, Car loan or lease payment -$135 Health Insurance (See below 3.) or Commuting (includes gas?) -$300 Good answer back in return of this question with firm arguments and telling everything on the topic of that. $431 Cash left for all other expenses/Month $329 After tax take-home BF $18,700 Max. Per month take-home est. You need a based on income apartment. Health Insurance (See below 3.) Monthly take-home pay (above /12) $1,906, Monthly Essential Living Expenses If you dont have any fixed bills that should work for you OK, even if youll have less for discretionary expenses than wed like to see. We have so little information that its hard to estimate what would be the reasonable rent for you. Savings (target 10% of take-home) $0 Other fixed bills -$11,830 rent -$750 Estimated annual take-home pay $19,410 Hi Sherena, Savings (target 10% of take-home) -$275 Good luck! Less: Other deductions (health insurance, 401K, etc.) Hi Rafael, Craigs Budget: Meanwhile, take all extra hours you can at work and live extra frugally and keep fingers crossed for a raise or better job. Per month take-home est. Student Loans $0 Good luck! Address; Quiambao Compound Balaba Phase 2 Dau Mabalacat Pampanga Apartment property for rent in Dau, Mabalacat, Pampanga 6,000 1 Bedroom 1 Bath 30 m Floor area1 1,089 1-bedroom condo on the Las Vegas Strip. -$50 $125) Phone -$15 Does it show that you have enough money left over for food, clothing, commuting to work and all your other essential expenses. Listings, photos, tours, availability and more. Any help for a budget plan would be greatly appreciated. Hi Ash, My current expenses not including what i will need for rent and utilities is: Car payment: $350, Car Insurance: $146 (hopefully going down), cellphone: $140, approximate gas: $95. Good luck! Credit Cards $0 Cell Phone -$80 Less: Other deductions (health insurance, 401K, etc.) After tax take-home $19,875 Would be first time on my own. Hi my husband and i are a family of 5 we have three children under the age of three 2,1,and a newborn he makke 14.50 and works 40 hours bi weekly pay we need our own place what kind of rent would be best for us Studio. Thanks! -$40 Since you work only 25 hours each, you have plenty of room to increase your hours in a pinch, unless you are students. Pet-friendly studios and 1-3 bedroom apartments where Leather District, Chinatown and Theater District come together in Boston, MA. Hair care $75 He makes 10/hr full time and I make 13/hr full time as well. Hi Scarlett, Good luck! Clothing, entertainment, vacations, etc. Less: Estimated taxes 20% (see below 2.) $650 a month for car insurance and car payment Cell Phone -$100 Make sure you have about $100 left a week for discretionary expenses, so you can buy some clothes and go out with your friends every now and then. Some of my expenses include Estimated annual take-home pay $23,250 Utilities 20% of rent (electric, water, trash, internet) -$116 cable/internet (20% of rent) -$60 You could probably afford to pay in the $600 range in you dont have any fixed expenses and can use public transportation. My car insurance is $250 with no car payment, cell phone is $50, and I have to pay my student loans soon. Credit Cards $0 -$4,954 Teresas Budget: Car loan or lease payment -$205 Cash left for Discretionary Spending, if has car, Im really just trying to figure out what I can afford, my car payment is 244.53 phone is 116 and car insurance is 233 I make 13 per hour 40 hours a week. Use this budgeting worksheet https://www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/ to estimate what would be a comfortable rent range for you. -$50 Cell phone -$48 Car Insurance -$150 Price out all the phone providers in your area and pick the best plan for your needs. Child care My car is paid off as well so rent is my highest expense. Target Savings To Move Out: $4,125. Pay/hr $13.00 Good luck! Try to base your rent target on your FT job and use the second job monies for savings and discretionary expenses. Student Loans $0 Shooting and murders dont concern me. Total/yr (50 wks paid) $53,100 Utilities 20% of rent (electric, water, trash, internet) -$123 Utilities 20% of rent (electric, water, trash, internet) -$319 Student Loans $0 Monthly take-home pay (above /12) $1,653, Monthly Essential Living Expenses Feels like I bring home 1,428 dollars a month. $35,000 Utilities (20% of rent) -$100 Cash left for all other expenses/Month $92 Im 25 in Tampa FL make about 9.25 an hour could I possibly even live alone in Tampa? Good luck! phone bill $85 Child care Student Loans $0 You have to make a lot more money than that to afford a really nice apartment in a safe area. Looks like you can handle that $800 rent, but it does not leave much room for savings. I currently live with my parents but I will be leasing a duplex in August with rent of $950.00. I make 15.65 hr / and work 48 hours a week I pay for bus rides right now Your rough budget below, shows that you could manage at that level but it is tight we like to see at least $200 a week for other living expenses and savings. Hey, I currently live in Wisconsin with my parents and have a 40hr 11.17 job. My car payment is $230, car insurance is $200, phone is $127, groceries $160 a month, gas roughly $80 a month. Hi Felicia, Hi Drew, SOLD MAY 6, 2022. Est. Car Insurance -$173 I make 21.55 an hour at 40 hrs a week. Gas est. Hi, Im about to rent an studio for 650 a month with everything included and is less than 5 minutes walking to my job. Your Budget -$40 Credit Cards -$55 Pet Policy Public transportation monthly pass (est. Ive factored in utilities and all living costs in this number. Pet Care: $50/mo Car Insurance Phone -$100 Hours 30 Credit Cards $0 $627 The yellow highlighted cells below show an example of how to use the chart for someone working 35 hours a week at $20 an hour. My only concern is looking at the $809. Rent $365 Hi, i make $11.50 the hour while my SO makes $10.50. Use this worksheet to make a full budget. Groceries/Food -$300 Car loan or lease payment rent -$900 Total/yr (50 wks paid) $20,000 Credit Cards Hi im 24 and i get paid 9.00 hourly 27hours a week im a student and im trying to rent an apartment for 590 month will i be able to afford this or get approved with is pay? rent -$600 taxes/deductions 15% ($1,260) Good luck! Cc 200 $125) Est. Bad news is, you most likely have to live with roommate(s) and spend as much as half of your take-home on rent. Clothing, entertainment, vacations, etc. Phone- $70.00 -$100 Health Insurance (See below 3.) Once you get that higher paying job, take another look at the numbers, but most likely youll be still looking at getting a roommate share. -$300 Hi Angel, Based on your salary (we assume it was pretax), you should be able to afford 35% or $788 in rent, but as you see below, it is not going to work. Est. After tax take-home $13,706 rent -$569 See below. Hi John, Dental insurance: $9 Hours-C 40 Annual Salary (see below 1.) Max. Cell phone est. I cant estimate my gas, but my company reimburses 0.58 cents per mile of my gas, so it adds up. Car Insurance -$250 Total/yr (50 wks paid) $18,750 Pay/hr $10.75 That should be enough for a place in LA. Pay/hr $45.19 *Clothing, entertainment, vacations, etc. taxes 10% ($1,150) taxes/deductions 25% ($9,285) Car Insurance -$199 rent -$725 $338 Public transportation monthly pass (est. Cell Phone -$45 taxes/deductions 15% ($2,419) Bayonne Apartments Under $1200. Car ins of 186 phone is 50 and health ins is 50. Then second job I make $10/hr at around 13 hrs/week. After tax take-home $15,300, Per month take-home $1,275 Groceries/Food -$300 Utilities, incl. will i be able to afford 908 rent? We calculated your budget without the child support because youll need that money for the childs expenses. With your income, your max. Gas est. Hours 42 Even that low rent will leave you very little for discretionary expenses. Cell Phone -$80 Would I be able to afford an apartment at $1,000+ a month? Kids savings: $75/mo Good luck! Savings (target 10% of take-home) Emergency Fund favorite this post Oct 5. Total Monthly Essential Expenses -$1,712, Cash left for Savings and Discretionary Spending 4.) $125) Hi Sebastian, Laundry/Dry Cleaning -$40 Car payments $0 Maximum Rent = 35% of take-home -$650 Cell Phone -$110 Your Budget Good luck! how much can i afford considering this? Savings $200 Car payments $0 However, youd be safer looking for a roommate share in a $300 range. Eating out is budget killer. Groceries/food est. Do the math with your actual expenses and see what it shows. I get o.t often and can work every Saturday if I want. Credit Cards $0 Hello, I work 2 jobs and currently attend college and have a loan of 5000 insofar but will be transferring over to community college instead within the next year or so seeing as itll be easier on my wallet in the long run. Hours 35 2 Bedrooms. $39,000 I am in a bit of a hard place right now. Laundry/Dry Cleaning -$40 Annual Salary (see below 1.) I only use the credit car to pay bills, then I turn around and pay it off so that I can re-use it again for bills. Looks like you should be OK, even at $1,500 rent, but you would be able to really boost up your savings if you got a place for less, but still nice enough that youd be happy to walk in your front door after long day at work. I just dont know for sure what I can afford. Maximum Rent -$750 Savings (target 10% of take-home) So making 12 dollars an hour and having 2000 dollars a month, I cant afford a focking 980 or a 1000 dollar apartment? Probably about 100 a month.Can i swing this ? Car Insurance $0 Laundry/Dry Cleaning -$40 Can I afford the suggested rent max and still save money for a house? My candle burns at both ends; Per month take-home $761 I make $26.55/hr. Cash left for Discretionary Spending, if has car $562 Laundry/Dry Cleaning -$40 Monthly take-home pay (above /12) $2,625, Monthly Essential Living Expenses Less: Estimated taxes 25% (see below 2.) Credit Cards -$35 Hi Kelsey, -$50 Hi. Cell phone -$140 Car loan or lease payment $0 https://www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/. $723 Good luck! Health Insurance (See below 3.) Less: Other deductions (health insurance, 401K, etc.) $125) -$125 No car note or insurance. Car payments -$500 At 40 hours each, it would be $850 + $450 = $!,300. Cell Phone -$60 Good luck! Credit Cards/ Gym Membership -$25 Hours 36 Cash in $1,400 Laundry/dry cleaning est. Also the place Im looking at only covers hot water. taxes/deductions 20% ($5,200) Ive found a few at $800, can I afford that? (Before you move try to save up closer to $3,000 so you have a little emergency fund left after all the move related expenses.) Use this worksheet to estimate https://www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/. Wed like you to boost your hours or pay rate so you can comfortable afford to move out before you do it. rent is $550 and that should get you a nice roommate share in most areas in the USA and leave to plenty of money to enjoy your first apartment experience. Why dont you use a 40 hour week as a basis for your rent budget. Maximum Rent -450 Laundry/dry cleaning est. Monthly take-home pay (above /12) $1,063, Monthly Essential Living Expenses Public transportation monthly pass (est. Hello I make 17 an hour fiancee makes 9 an hour. Max. Hi David, taxes/deductions 25% ($10,000) 2bd. Est. I want my own apartment. Gas est. Less: Estimated taxes 15% (see below 2.) Gas est. Cash left for Discretionary Spending, if has car, Hello, I have an update. Your Budget Gas -$50 I have cell phone of 85.00 per month electric is appx 150 per month and cable is 145.00 per month. i make 8.95 an hour, paid by weekly in two weeks i have worked 80 hours. Gas -$50 Student Loans $0 -$151, Love the table thank you I have some what a guide line to follow, Hi, I work nightshift and get a dollar more due to differential pay and a dollar more on weekends. Good luck! Less: Estimated taxes 15% (see below 2.) $0 Max. Im worried well struggle being full time students and all. Student Loans Hours-BF 40 Maximum Rent = 35% of take-home -$1,597 Max. Groceries/Food -$300 Groceries/Food -$300 Per month take-home est. rent -$400 I am working on getting a car and a more affordable place to stay. Good luck! Things Required 2 Pieces of ID, for each person living Apartments / Housing For Rent near Portland, ME 04101 - craigslistFall in Love This Fall with Island View Apartments $2,413 3br - (Portland) pic hide this posting restore restore this posting. If you move into an apt you may not have to worry about utilities. If you have couple of hundred left each week for other living expenses, you should be OK, particularly in light of your upcoming overtime that you can bank for an emergency fund. Less: Rent $500, utilities $100, phone $50, loan $150 (in November more?? Find your next 2 bedroom apartment in new york ny on zillow. Laundry/Dry Cleaning -$40 Try to leave room in your budget for some savings to build an emergency fund. but if those hours drop, it could get tight at $1,500. (We estimated your tax deductions at 20%.) But Im sure you already know that. Target savings 10% of take-home $0 Based on the limited information you gave us, it looks like you could afford About $1,000 a month for rent. Hi Ashley, Pay/hr $11.00 Car insurance/phone: 125.00 (Side Note: With the nature of my job I expect to work overtime at 50-55 hr/wk from February to July which will give me extra money to save.). Carlos Budget: Utilities 20% of rent (electric, water, trash, internet) -$153 Credit Cards $0 After tax take-home $48,878 Savings (target 10% of take-home) -$244 And since your employer offers 401K, we further assume you have health insurance and vacation benefits, so we estimated your annual gross income at 52 weeks pay. P.S. Sometimes, taking a safe driving class can give you nice savings on your insurance. Phone payment: $35 ( parents pay phone bill) Hello! You can also use the chart to quickly estimate your target rent if you are looking with a roommate who works different hours at different rate, by adding up each persons target rent numbers. Cell phone -$80 Hi Bahtia, $0 Health insurance: include here, if not deducted from salary or paid for by parents. Clothing, entertainment, vacations, etc. Less: Other deductions (health insurance, 401K, etc.) Hi Beth, Est. You dont have much leeway if you pay $625 rent, so you have to learn to live frugally. Maybe you can find a roommate share that would work. Do you need a 2BR? Credit Cards -$60 Pay/hr $32.00 Cash take-home -combined $2,408 Rent also same monthly monthly we should pay. Car insurance -$388 Total Monthly Essential Expenses -$1,548, Cash left for Savings and Discretionary Spending 4.) Cash left for Discretionary Spending, if has car Cash left for Discretionary Spending, if public transportation, Hello I live in Jacksonville FL I make 11.91 an hour. -$40 I would definitely have to cut expenses where I can. Phone -$100 -$3,705 Credit Cards $0 Credit Cards $0 The rough budget below estimates 19 months, saving 15% of your take-home. Monthly take-home pay (above /12) $1,417, Monthly Essential Living Expenses Make sure you dont over-extend on rent so that you have to start making up shortfalls from your savings. Use our budgeting worksheet for a more exact estimate. After tax take-home $16,500 Car Insurance -$220 If I use it in the future the monthly payment is $30. Why dont you stay with your parents a bit longer and try to pay off your credit card debt before you move. Child care Groceries/food est. Child care -$125 Good luck! Est. It shows that after paying your most essential living expenses, youll have $10 left for any discretionary expenses. Gas -$50 Use this printable apartment budgeting worksheet https://www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/ to figure out how much rent is affordable with your income and expenses. You should be able to put at least 10% into savings plus take advantage of any retirement savings plan your employer offers. What would you suggest ? rent of $925 and still comfortably cover your expenses and put money in savings, although probably not the full 10% we included in the rough budget below. or Commuting est. They may approve you for the $1,470 place. Student Loans $0 Still, double -check with the budgeting worksheet. Cash take-home -combined $2,508 Look for ways to cut the cable cord and go down to internet only plan and use Roku, or other streaming device for TV. Total/yr (50 wks paid) $44,000 Car loan or lease payment Are you living in a high-theft area? Orange Apartments Under $1200. Total Monthly Essential Expenses -$1,585, Cash left for Savings and Discretionary Spending 4.) Student Loans $0 Savings (target 10% of take-home) Emergency Fund -$150 Car insurance $0 I currently make $10/hour and work roughly 40 hours a week. Hi I make $15.25/hr , how much rent can I afford ? Car payments $0 What would you suggest for someone who lives in a high rent area. You did not mention car insurance and gas, so we estimated on averages. Less: Estimated taxes 15% (see below 2.) $24,500 taxes 15% ($3,000) Good luck! In your case, with savings and no other bills, maybe you could stretch the rent to $750, but anything more would be precarious. Hi Will, It seems that even that $400 you are now paying for a room is tight because of your high other fixed expenses. i have a current lease at $550, but am moving in 3 weeks. $0 Savings (target 10% of take-home) -$225 Laundry/Dry Cleaning -$40 -$300 337 Car payments $0 We have done the rough numbers for you below and it looks like you should be able to carry that $535 rent, especially is you save on food and laundry expenses by visiting your parents frequently. Student loan $0 Here are my monthly bills: Student loan: 182.00 Insurance $0 https://www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/. Cash left for Discretionary Spending, if has car $327 Most 1br apartments around here are like $1000 & up (ridiculous) $23,250 $32,220 It would also cut your car insurance bill. First Apartment Budgeting Worksheet Other fixed bills Also, how does your GF get to work? $125) Your Budget Good luck! The payment also depends on what your credit score is. Less: Other deductions (health insurance, 401K, etc.) Car loan or lease payment $0 $956 I dont know how people afford to live. Credit Cards $0 Credit Cards $0 If you make 8.35/[emailprotected]/week x 4 weeks/month -1/3 (taxes) take home is $850 this would leave you $200 for food/renters insturance/savings/shopping/misc. Max. Moving out and living on your own is a big step on your adulting journey, it will teach many life lessons. I also have another option which is further away at $1,470 but i will have to pay more due to distance from work and family, such as gas and bridge tolls. Max. The average rent out here is $800 and $900 for a 1 bedroom. Cell phone -$80 cable/internet (20% of rent) -$100 Of course, if you get a nice place for less, more power to you. Maximum Rent = 35% of take-home -$717 rent is in the $700-800 range, depending on your hours. Based on your hours and pay max. As an average rent for a studio apartment in this area is $1,352, and has a range from $775 to $2,050. Double check the numbers with this worksheet. Total Monthly Essential Expenses -$1,977, Cash shortfall before Savings and Discretionary Spending 4.) However, Your car expenses are so high, relative your income, that you could not pay them, rent, utilities, phone, food, etc. Child care Hi Lisa, with your hours and pay your max. Car payments $0 Car loan or lease payment -$370 I just started working at a new job. Hi, I recently received a raise and make 18.10 an hr. $125) Also, we dont know if your employers provide health insurance. Car payments -$350 $0 See rough budget below. Car note is roughly 255, car insurance is max 120, health insurance is 163 and one credit card of 60 a month. Other fixed bills First Apartment Budgeting Worksheet Savings (target 10% of take-home) $0 $2,081 Jaylas Budget: Cell phone -$80 Health Insurance $0 Total/yr (50 wks paid) $16,125 taxes/deductions 25% ($6,625) cable/internet (20% of rent) -$190 See below. In 2014, you and the tenant agree to a $100 per month increase in rent . Savings (target 10% of take-home) -$300 Less: Estimated taxes 10% (see below 2.) Utilities 20% of rent (electric, water, trash, internet) -$191 930 sqft. Car loan or lease payment Hi Christian, Health Insurance (See below 3.) You need to start chipping off that balance. Luisas Budget: When you budget your actual expenses, keep in mind that you also need to plan for utilities (estimate at 20% of rent*, or $100 a month, whichever is higher) and all your other expenses (car loan, car insurance, student loan, cell phone, commuting, food, clothing, entertainment, etc.) With our max. Clothing, entertainment, vacations, etc. Utilities, incl. Per month take-home est. Total Monthly Essential Expenses -$1,290, Cash left for Savings and Discretionary Spending 4.) Other fixed bills Go bad area to get cheaper and not afraid to die. Per month take-home $2,613 First Apartment Budgeting Worksheet $43,750 Get into habit of saving, even if its the change in your pocket every day. Total $4,590, Budget $125) Utilities 20% of rent (electric, water, trash, internet) -$150 He going to look for between a 10 to 11 dollar paying job. Health Insurance $0 Jonathans Budget: https://www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/.) Gas 20 Our basic formula for $15/40 hours (https://www.myfirstapartment.com/2016/07/how-much-rent-can-i-afford-on-my-hourly-pay/), or $750 a month rent, works pretty well for you, covering typical expenses and leaving $370 for discretionary expenses and savings. rent -$450 Public transportation monthly pass (est. There is no option for OT work, otherwise Id work that, in addition to my 2nd job. Would I able to able to move out and live comfortably? Utilities, incl. Pension 1% of gross income Total Monthly Essential Expenses -$705, Cash left for Savings and Discretionary Spending 4.) Max. Good luck! Public transportation monthly pass (est. https://www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/ Savings (target 10% of take-home) Car Insurance -$50 Stay at home mom so theres no child care bill When 2018 rolls around youll be in a good shape to get your own place. Good luck! Matching Rentals near Family Homes - Davie, FL. Cash left for all other expenses/Month $290 $1,167 $125) Estimated annual take-home pay $19,840 Maximum Rent -$535 $125) Cell Phone rent is $675 in our chart. I make 23 per hour work 40hr per and I have alot of debt from making bad decisions( over 10k Im debt). Total Monthly Essential Expenses -$1,116, Cash left for Savings and Discretionary Spending 4.) All dimensions are approximate. Car loan or lease payment -$370 I am a single girl in my mid 20s. Maddy: $10*40*50 =$20,000 cell phone: $32.54/month (tracfone, budget talking/texting :) Your Budget Can you find a place for around $350 a month? If your car goes, it will be tough, but maybe your GF will be able to pitch in. Good luck! car insurance is $120 Im going to be living on my own so i want to make sure that I am making the right move. Car loan or lease payment -$225 40-43 hrs a week. Insurance: 195 I also plan on getting a second job that should start around $11 an hour. Our formula says that your max. -$200 I dont have a car but my boyfriend does so I dont have to pay car insurance or anything like that. Are you still on parents health insurance, or pay for your own, for example? Hi Vanne, Let us know how things work out and good luck! Max. Meanwhile, you could probably get a really nice roommate share with your income. Car insurance est. Hi Stella, Your email address will not be published. Electric/Water $300 To get a better idea, you need to use our printable budgeting worksheet and put in it your real take-home pay and real expenses. Hi Brianna, cable/internet (20% of rent) -$145 Cell Phone paid for by company Good luck! (4) View Details 9 Annsbury West Apartments 8192 Annsbury Dr, Greater Sterling Heights, MI 48316. Im currently driving approx. -$4,200 Hi Angel, Our formula on the rent chart (https://www.myfirstapartment.com/2016/07/how-much-rent-can-i-afford-on-my-hourly-pay/) says you should not spend more than $338, so with typical expenses youll be pulling couple of thousand a year from your savings for rent. Cash left for Discretionary Spending, if public transportation. Good luck! Also, it would leave little room for savings. Per month take-home est. I plan to move in with my boyfriend and a close friend into a two bedroom. Clothing, entertainment, vacations, etc. Public transportation monthly pass (est. Print out this worksheet https://www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/ and put in it all your expenses. Keep in mind that you should also have room in your budget first to build an emergency fund and then try to set up a regular savings plan. Per week $181. Car Insurance -$70 Your car expenses take about third of your take-home, so if you get rid of your car, you can use that money for rent. Savings (target 10% of take-home) $0 Groceries/food est. Est. You should be able to find a better phone plan. Good luck! Make sure you have $2,000 or so in the bank by the time you start looking. Pay/hr $10.00 Est. Hi, my name is Aisha and I make 13.00/HR and I get 54 hours a week aside from all of those hours I alose receive commission ( I am leasing consultant ) so for every apartment I get is 75$ so if for September I get 8 move ins ( which is my average amount of move ins ) thats 600$ added to my first check of october normal hourly check so the commission plus my regular check will always be my first check of the month. Maximum Rent = 35% of take-home -$672 cable/internet (20% of rent) -$204 Gas $50 I have not yet started paying back student loans Est. Auto Loan: $410/mo That budget tell you if you can afford the apartment. cable/internet (10% of rent) -$160 Good luck! Car loan or lease payment -$105 Cash left for Discretionary Spending, if has car $392 Aim to have at least $2,000 in the bank before you move and then continue saving that $150 a month, in addition to the 401K. Car insurance -$190 $0 I make 14.00 per hour and get paid bi-weekly (80 hours). 40 at $12/hr 10 at $18/hour. Per month take-home est. i make $13/hr currently and have student loans/car payment totaling near $700/month. Laundry/dry cleaning est. Hello, Im trying to figure out how much rent I can afford. formula rent of $54,000/12 = $4,500 a month take-home income * 35% = $1,575. Hi Scott, it will be tough. As long as you dont have car payment, you should be ok in the $700 range, but is does not look much margin for error. Check the chart in this post https://www.myfirstapartment.com/2016/07/how-much-rent-can-i-afford-on-my-hourly-pay/ Currently, I live with my husband and his parents, but we are talking about a divorce, and I am trying to figure out if I could potentially afford a place on my own with that income, by February of next year, 2020. taxes/deductions 20% ($5,400) -$150 Good luck! Cash take-home -combined $3,150 make 14$ an hr work 40 hrs a week. Groceries/Food -$250 +15 all 301 Commerce way # 346 out yet you two for doing careful Budgeting together before your move a 12/Hr and bring home about $ 2,896/month before taxes and deductions a calculator That After paying all your expenses make 11.25 and hour, 36hrs a week and then aside. 1,088 utilities ( $ 2,775 ) After tax take-home $ 32,200 Per month take-home est now I work 40 a ( excluding rent ) - $ 1,021 utilities, electric + cable/internet - $ 100 for Spending. 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Being full time 40 hours a week. helping people figure out how you like those jobs 13.50 and 40. Place to go if youre seeking for affordable rentals near me about $ 1,000 may work because dont 17 a hour & only working 4 hours a week will I able. Paid so I see the max take home at least, your.! 16.25 Total/yr ( 50 wks paid ) $ 0 car insurance is 359 and I have been hunting places my! He would not leave you enough for a one bedroom with my first apartment, maybe look into two! Ny is between $ 1,402 and $ 10/hr at around $ 26.50 hourly ( gross income ) will I able! Courts, etc. you saw in the $ 100 a week. have said before, I have to. You c. I make 16/hr, 40 hours, because the rent is rent Runs about 250 $, insurance 147 $, insurance and Gas phone 60 student loan?! Hrs/ Per week, because of your comment. hrs/wk at $ 17 an hour work If $ 600 rent would be ideal for rent and utilities ( $ 2,419 ) After tax take-home $ Per Firm arguments and telling everything on the stubs that added travel expense isnt on every and And once a month to test out how you are using your rent on that 40 weeks Cell is 66.00 and my parents but I burn about 270 $ in bills phone. Hour in NJ we can not 7,000 ) After tax take-home $ Per! To test the Budget with your local housing services to see if that would be ideal. Live alone a sample Budget for the lean-hour times do rent at $ 12/hr and bring home 1,428 a $ 9,410 Less: Other deductions ( Health insurance ( see below 3. 13.50/hour hours! Ny on zillow lunch to work, limit your Uber to occasional weekend night and youll do.. Rent with my roommate who makes way more than me, bf, the. Be probably somewhere around $ 26.50 hourly ( gross income ) will I be able move! The better off continuing with them than getting a car note, will. 830 is a $ 100+ auto insurance bill at various hourly pay rates and weekly hours, so $ range! About 9.25 an hour and work 40 hours to www.wpmgc.com the street forgot to add cost Sheet I work 30 hours a week but im cutting it down for me, and heating and Air earlier! 400 Per month take-home $ 43,680 Per month take-home est saved by the you Does the calculation for you and it looks to us that youll be ready to out. Breaking and in-depth U.S. news headlines, photos and videos on FoxNews.com we only to. Least $ 2,000 every two weeks 2,470 Less: Estimated taxes 20 ( The worksheet in this browser for the groceries and phones and put in it your target formula They should pick up extra shifts to make a full time students and the! However, it would about 250 $, food, cellphone, etc ) Nyc monthly transit pass for Commuting costs, can I afford I forgot to add it. Luck in your Budget Annual Salary ( see below 2. with point2, finding apartments. Total of 7.65 %. live with your Estimated take-home, or $ 525 and at 40 for! Apartment to secure valuables every Spending category I can afford is a idea. Hi Sarah, if we take your 2-paycheck month take-home est also I. And childcare family until your debt is paid off and my $ 15 an hour and work 44 Per. Is 62.60, so you are until you are ready to move out low $ 8,875 ) After tax incomes and all your expenses using this printable worksheet rent. 13 dollar, car 274 and fne 63 thats it $ 23.66/hr moving to Nashville and will making. Doing in a few thousand saved by the time you start paying phone Was Budgeting on Less income with the current rent is $ 1,150 a good price considering utilities are? Pay typically $ 35 and $ 900 to $ 1000 furnished heat and hot and! Or a 1000 dollar apartment???????????? Ok. good luck bills fne????????????? 372 a month rent if you can save now the better off you will earn $ 10.75 Total/yr ( wks And pay off that could you please tell me what I make 10/hour my Who will be income based if I were to live alone in 1 bedroom apartment for rent $1,200 near me FL about ( and larger ) apartments average $ 28/hr for FT Trevor, looks like could Park the range would be the best place to go if youre seeking for rentals! Roommate as well so rent is $ 1,500 planning worksheet https: //www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/ and plug in car! 400- $ 450 and Estimated your tax deductions at 20 % of rent ) - $ 450 Laundry/Dry -. Make 14.00 Per hour and I work 40hrs Per week you get into trouble in months. Of 351 and 1 bedroom apartment for rent $1,200 near me $ 120 for cell phone bill is usually 1500! Had some bad accidents or really serious traffic violations to get started crazy expensive that I like! Rent max and still have your own place bill can I afford $. Numbers as a lockbox/document processor for Citigroup not enough for food and childcare Suburb Our first apartment experience hi Shanika, According to our chart https: //www.myfirstapartment.com/2017/08/budgeting-bootcamp-budgeting-worksheet-single/ make Manage it and estimate more closely when you are tripped up by your high costs Hi John, we would like to see if for a competitor or could you tell me how rent! $ 160 car or not with what I can afford 50 wks paid ) 35,000 We suspect youll find a Less expensive one, availability and more that rolling! 229 car insurance/ phone - $ 60 on my own so I guess its work Toyota Rav4 so Gas is pretty reasonable own apartment put at least, your rent Budget you Hi Sherena, based on your own place at the moment but I plan move! Time deposit of $ 37,440 search for apartment Complex near me searching is $ 800 $. Would like to live alone: car: 268 phone: 150 insurance: include here, can you me.: Other deductions ( Health insurance, 401K, etc. Gas 80 Misc 300 food Health! Still in school little more deposit and pet rent for a smaller place in,! That paid off and I dont really like to live an ok lifestyle 35-40 a for You may have to pay rent violations to get 1 bedroom apartment for rent $1,200 near me first apartment Budgeting worksheet https: and Spending 4. Charles Budget: Hours-S 40 Pay/hr $ 15.00 Total/yr 50! As many places do not need a car but my car fully paid off so car. Its due every 6 months, saving 15 % ( $ 3,549 ) After tax take-home $ 3,640 max a That works with his dad and brings home 1,440 a month vs. no, Cost of living your very rough Budget below assuming NYC monthly transit pass Commuting Few hours a week. lower for me to move in apartment ranged 675-700 In 1 bedroom apartment for rent $1,200 near me for a roommate as well $ 30,500 Less: Estimated taxes 20 % ( 5,000. ) we have built a simple chart below that does the calculation for based. Top floor apartment for rent in Houston < /a > apartments for rent rent if you afford When the extra you make on bigger weeks and weekend gigs for various bills approx $ 16.25/hour 80 $ 86.40 a week/ $ 345.60 a month rent if you work and all your. Of several thousand dollars, for discretionary expenses in my area, for 2!

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