can you help me with monthly payments?

Question

Im moving out soon and looking for an aprtment. Im trying to calculate out the payments per month and per yaer so i know what i am looking at for money. I know it isnt going to be pretty but here is some of the things ive came up with.



Monthly Expenses

0-50 non food groceries (not every month)
50-75 for gas
0-200 for food (food stamps)
250-550 for apartment (low income rent)
50-100 for electric bill
37 for home phone (Quest) and internet.
0-10 pet expenses
---
387-1022
Yearly expenses

300-1000 car insurance (both)
300-600 health insurance (both)
50-200 car maintenance
25-200 clothing
50-150 for medical co pays
---
525-2150

Total of maximum payments per month and year
14,414
Total of minimal payments per month and year
1,112

PLEASE add wahtever els you can think of into your comments PLEASE! Thank you for you time.

Answer 1

I agree with the above comments. However, your utilities are going to be very much up to you. I'm assuming you will not have a big place to rent. Also, not sure where you live, but the thermostat will dictate your utilities. I would strongly consider getting a roommate. If you are school-aged, you can look around the nearest campus and try to get in a house with many people. There you can share a phone/Internet/Utilities and probably get by on a low rent.

Health Insurance is tough. Depending on your age and condition, you might get by on that, but I doubt it. If you are young AND healthy AND your family is relatively healthy (historically speaking) then you may want to opt for catastrophic care until you are getting benefits through an employer. Basically, the catastrophic will not cover your day-to-day only if something big happens. The only benefit is that it will be the cheapest health care available.

It looks like you have a lot of decisions coming down the line, but I am very impressed that you are trying to take the time to understand real world costs. If you can, talk with friends who are out on their own - see what they pay, how they pay it, etc.

Best of luck!

Joe...

Answer 2

I don't know what part of the country or world you live in, but your estimates for utilities sound pretty low. I have never had an electric bill under $80 in my life. Your phone service will end up costing you more by the time they add in all of the taxes & fees.

One trip to the vet for regular shots is going to be close to $100 if you have a dog or cat, plus heartworm/flea control. Car maintenance costs look low to me, as well.

My health insurance is over $300 per month not including office visit or prescription co-pays.

Answer 3

Down price might want to be an intial price quantity to start up the artwork that desires to be performed- then the last funds stability will be chop up up into month-to-month funds till that is paid in finished. get jointly: total value is $5000 down price $1000 then $4000 will be divided into month-to-month funds of three hundred and sixty 5 days or 24 months or 36 months till totally paid.

Answer 4

but .......food stamps???
and you can leave home....and food stamps......
insure 2 cars...and you need "food stamps"
that is gross..
why not just move into the car.. and eat the free ketchup in McDonalds........
then all you need is gas, and car insurance...medical,, and a cell phone..

let your pet stay at home with your partents..at least life is stable there..