Call Us 402-873-3331 ☰ ˟
Get a Quote RVInspectorsInsurance
Logo
402-873-3331
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
    • Our Providers
    • Privacy Policy
  • Products
    • Auto and Homeowners Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Personal Injury Protection (PIP)
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Personal Umbrella Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Individual & Family Health Insurance
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Long-Term Care Insurance
      • Temporary Health Insurance
      • Supplemental Insurance
      • Disability Insurance
      • Medical Expense Insurance
      • Child Health Insurance
      • Prescription Insurance
      • HSAs
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Additional Insurance ServicesImage of right arrow
      • Special Event Insurance
    • Crop Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Catering Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Handyman Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Limousine Services Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Medical Malpractice Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Railroad Contractors Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Snow Plow Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Uber Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • Loss Control Insurance
      • Inland Marine Insurance
      • Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Ransom Insurance
      • Shipping Insurance
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
    • Coverage for Your EmployeesImage of right arrow
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Retiree Health Coverage
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Public Entities Insurance
    • RV Inspector and Mobile RV Tech Insurance
  • Get A Quote
  • Contact Us
Auto Icon Home Icon Business Icon Life Icon Health Icon Boat Icon
Home > Blog > Budgeting for Your First Apartment
WEDNESDAY, MAY 24, 2023

Budgeting for Your First Apartment

 
Whether your decision to move into your first apartment is by your own choosing or the only option, it's important to create a budget before you sign a lease. Here are five tips to help make your transition to your own place a good one, financially speaking. 

 

Know how much you have to devote to housing expenses. The typical rule of thumb is to spend 25 to 35 percent of your income on housing. Spending less is fine, but if you spend much more than 35 percent of your income, you increase the risk of having a hard time making ends meet. 

 

Choose an affordable location and place. Of course you want to be close to work or school, but at what cost? Once you know how much you can afford to spend, you can find a location that is within your price range. Check out at least half a dozen properties so that you get a good feel of what's available, and don't be afraid to negotiate. a box on a table

 

Decide on living alone or with roommates. Having roommates might be a little too much like the dorms from your college days, but it might mean the difference between having a place that's mostly your own or living in your childhood bedroom. Renting a house, and subletting the rooms to friends, can be a great option as long as you disclose your plan and get your landlord's approval. 

 

Add up the extras. Having your own digs comes with other expenses besides filling the fridge and having to buy your own shampoo. You need to know how much you can expect the utilities, renters insurance, cable, Internet, parking, lawn care and garbage removal to add up to each month. Sometimes landlords include these expenses in the total rent, so it's important to know what you're expected to pay. This should be included as part of your housing expenses, so if it puts you over a quarter of your take-home income, you might want to look at other properties.  

 

Start an emergency fund.
You never know when life will take an unexpected turn, so build up some savings and sock it away in a savings account. Start with a goal of $1000 or whatever your monthly rent payment is. From there, add to it until you accumulate six months' worth of living expenses so that you have enough for emergencies. 

 

Use these five tips to help you create a budget that works for you and allows you to be financially independent as you start a new chapter of your life. 
Posted 1:01 PM

Tags: renters, insurance, coverage, belongings, apartment
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021

  • insurance(11)
  • coverage(9)
  • policy(7)
  • homeowners(3)
  • life(2)
  • whole(2)
  • terms(2)
  • business(2)
  • crop(2)
  • farm(2)
  • farm insurance(2)
  • agriculture(2)
  • retirement(2)
  • ranch(2)
  • auto insurance(1)
  • rv insurance(1)
  • vehicle(1)
  • accident(1)
  • recreational(1)
  • belongings(1)
  • owners(1)
  • crop insurance(1)
  • bop(1)
  • commercial(1)
  • boat(1)
  • apartment(1)
  • health insurance(1)
  • car(1)
  • rv(1)
  • small(1)
  • homeowners insurance(1)
  • business insurance(1)
  • watercraft(1)
  • auto(1)
  • renters(1)

View Mobile Version
Facebook
Google+
Get Directions
Contact Us Today
Speak to an Agent
Resources
Products
Customer Service
Payment Options
Our Carriers
About Us
Refer A Friend
Blog
Contact Us
Contact us 115 N. 10th Street
Nebraska City, NE 68410

PO Box: 518 Ph: 402-873-3331
Fx: 402-873-7746
© Copyright. All rights reserved. Powered by Insurance Website Builder.