Hello ok I am 18 years old and I have an 8 month old daughter. I would love to have my own apartment I know what you guys are thinking that I am to young but here are the facts. I make from 3, 700 to 4,000 a month. i really want to lease this apartment in this really nice neighboorhood near my parents house and rent is 1,200 I have 8,000 to start out with and i am making a consistent income of 3700-4000 a month do you think I can make it? honest answers! Please
2007-01-16 11:44:50 · 6 answers · asked by priscilla v 1 in Business & Finance ➔ Renting & Real Estate
Yes you can make it. Just becarefull to keep your budget in mind for the car payments and insurance, and then the renters insurance. As well as all utilities and food for the baby. Clothes etc etc etc. Good Luck
2007-01-16 11:49:46 · answer #1 · answered by Biker 6 · 0⤊ 0⤋
Your question is a very good one, as it shows concern for your situation. You are planning on spending about one third of your monthly income, which is about right, for a rental. However you asked for an honest answer, and without knowing your financial status that would be difficult to do. Are your parents your babysitters too? Do you pay for day care? What other bills do you have? You have to sit down, and list all of these things, plus figure on your monthly utilities, before, you can give yourself an honest answer. Good luck.
2007-01-16 19:52:52 · answer #2 · answered by Beau R 7 · 0⤊ 0⤋
you can afford the apartment, but the matter is if the landlord will trust you. if they don't, you can show them a bank stattment or prepare rent in advance.
rent + electricity + grocery = 1200+200+400 = 1800 per month. it is half of your income. you should be able to do that. however, i wonder if you have to pay child support or not, or if you live the mother of the baby. if you live with her, the cost of living may add some more. or if you have to pay child support, you have to budget it better.
I am glad to know you are taking care of your baby. good job.
2007-01-16 19:57:31 · answer #3 · answered by Tracy But 4 · 0⤊ 0⤋
Yes, you can make it work. It seems that you make enough money and you have some money saved. Your parents are nearby for a babysitter when needed. It will be good to go out on your own with your daughter and start your life. Yes, you are young but if your do not waste your money foolishly then you will be ok. Good luck to you.
2007-01-16 20:59:11 · answer #4 · answered by NH Realtor 2 · 0⤊ 0⤋
Yes, you can make it. You have to be careful with your budget though and not splurge on items that you don't need. Here's a link which will help you out and let you know if you can afford your place. (I'm not sure what area you live in and what your monthly bills are.)
2007-01-16 19:54:54 · answer #5 · answered by Mariposa 7 · 0⤊ 0⤋
TOO MUCH--OVER YOUR HEAD..
UTILITIES AND SUCH.
2007-01-16 19:49:48 · answer #6 · answered by cork 7 · 0⤊ 0⤋