Quote:
Originally Posted by Mountaindewed
Is it possible to move to a $900 a month apartment when you make $2000 a month? I think it would work out but I’m not sure. This apartment seems great and is right by a bus stop. My grandma used to live in one until she died and it was a very nice and safe place. They even have an indoor pool.
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That's almost 50% of your income. If 2000 represents after taxes, then you're probably cutting it thin if you have things like a car payment or other debt. Normally, the threshold is 35% pre tax.
OK let's do some math.....say 2000 is before taxes. That probably puts you at 1800 a month or thereabouts. Standard food expense is about 100 per month.....now we're at 1400 cash per month. Factor in other elements like spending money, insurance, electric, heat, and the like, and you're probably close to 900. I'd be careful with this one......but at the same time, we need to live somewhere.