How am I suppose to pay for all this? Financing an apartment is now easy feat. My financial position right now is:
$500 in savingsThe $500 I already have in savings will be used towards my current living expenses. This means I can only spend $50/week until I move to my new place.
$1306.4 bimonthly income
$0 debt
Estimated Expenses September 1st - October 31st
Rent
I will save enough money to pay the following bills twice before I get my first pay check at my new place:
Rent: 650 x 2Groceries
Electricity: 100 x 2
Water: 40 x 2
Gas: 54 x 2
Internet: 40 x 2
Total: $1768
In addition to that I will have to pay for groceries:
Groceries: $150 x 2Furniture
Grand Total: $2068
As far as financing the furniture is concerned, I am hoping to get a credit card approval from a store with 12 months free interest. I'm guessing I will spend anywhere from $2000-$5000 on furniture. If the minimum payment on my credit card is %5. Then I will have to have $200-$500 saved up. I will be risk-averse and say $400.
Grand Total: $2468Laptop
In addition to all of this I need a new laptop. I am thinking of getting a Mac Book Pro + 32GB Itouch Harddrive. This will cost a total of about $1300
Grander Total: $3768Left Over Income
And that leaves $1232 - $2232 to spare. I will need this for additional furnishings and accessories such as the IKEA Expedit, towels, utensils, tissue, etc.
My First Pay Check
My first pay check will be on October 31st, 2010. And I will really be looking forward to it. I think I will be getting $1900/month but I'm not entirely sure. This should be able to cover my monthly estimated expenses of $1234 with $666 (evil!) to spare each month. I can deal with that. Of course these are some very exaggerated figures. I am hoping my bills are not this huge! By the end of my first school year I to have accomplished:
- All debt paid off
- Banking $500/month in income
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