I make $29,000.00 a year and I live in N.J., I am looking at this apartment for $ 700.00 can I afford it ??

Question

I don't have any kids, I have a car note that's $ 438.61 a month and my cell phone bill is usually $ 120.00 a month. (These are the only bills that I have so far)

Here is a list of items that I pay every month, car note and insurance 438.61, cell phone 120.00. This is all that I pay for right now.

Answer 1

without taxes deductions you make about $2415.70 and if you subtracting the $438.61 and $120 you spend per month I would say you have about $1858.10 left...lets say you spend another $400 (groceries or something else) which leaves you with $1458.1....in my honest opinion you can afford it...Good Luck and I hope I didn't confuse u

Answer 2

how is your cell phone bill $120/month?

you can afford the apartment, but you'll be living a cheap life. i figure you're probably taking home $1800 after taxes a month, so after rent ($700), car note ($438.61), and cell phone ($120), that leaves you with about $540 a month to spend on other things, like food, electric bill, gas, insurance....

if you live with your parents now, i suggest you don't move out until your car is paid for. and get a better cell phone plan. cause if you do move out, you're not going to enjoy your life

Answer 3

Well let us take a look at the numbers 29K take home equals about $1918 Month
Car 440
Cell 120
Rent 700
Elec 100
Cable 50
Internet 25
Gas 80
Insurance 100
Food 300
Leaves you 58 a month of $14 a week
You tell me

Answer 4

29K / 12 =$2415 per month to work with

$700 Rent
$438 Car
$120 Phone
$____ Groceries
$____ Intertainment (eat out etc)
$____ Car Insurance
$____ Renter Insurance
$____ Electricity
$____Heat/AC
$____ Misc

$____ TOTAL (if that's everything)


dunno, you do the math

Answer 5

Most likely yes, you can afford it. Just make sure to plan your spendings and make up a budget for yourself.

Answer 6

id only pay 10% of my income on housing, thats 30%,