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Budgeting for an apartment...

Asked by LoadingMedic (113points) May 10th, 2019

Hello everyone,

I am 25-year-old male planning on moving out July 23rd for an apartment that is a one bedroom and one bath. The square footage is about 1,050. I have never budgeted before and too be honest I am quite nervous because I do not know what to expect in expenses. I will write my budget down below and I tried to overbudget my groceries and utilities.

Auto Insurance: $70
Gas & Fuel: $200
Mobile Phone: $70
Utilities: $500 (Not sure what to expect)
Groceries: $500 (Realistically I will most like to spend between $300–380)
Rent: 1,000 (True Rent will be $925)
Total: $2,340

Now I am a firefighter and I work full-time 24-hour shifts 10 days a month. My main jobs salary is $35,441. According to the guys in 3–4 months the company will be getting a 3–4 grand pay raise. However, I am trying t budget as if that’s not true. Also in 6–8 months, I will graduate from paramedic school and then my annual salary will jump up to $41,000 I did a rough estimate of what my bi-weekly income would be after taxes from this job and it’s $1,166. When combined it comes out too $2,332. As you can probably already tell my budget is just under my take-home pay roughly. I will not know what exactly my take-home pay will be until I start on May 17th, 2019.

I do have a second job however that is a part-time ambulance job. I make $13.50 an hour. After I graduate paramedic school I will get paid $19.50. However currently right now I am maybe pulling in about $200–400 dollars biweekly which occurs to roughly $400–800 dollars extra a month. I also have a third job but currently, I am not sure where I stand with them so I am not going to include the extra income from them into this.

My car and phone are paid off. What you see in my budget is the only expenses I have to pay for each month.

I am honestly just looking for some opinions. Am I overestimating my utilities? I will not be home 10 days out of the month and when I am not working 24 hours I am usually working 8–12 hour shifts at my other job.

What is your honest opinion? Thank you and please be honest with me but not too harsh. Thank you in advance. I need to move out and really hoping I can make this work because this is the cheapest apartment I can find. All others are ranging from $1,002–1200.

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