Rent budgeting?

Hello, I m going to try and sum this up fast and easy. I have a child on the way currently due this month, we are both 19, I m currently working making 11 an hour but in about 3 month I ll be bumped to 15 and 1.25 every three months. That being said what s the best way to budget and what can I afford rent wise. The

Hello, I m going to try and sum this up fast and easy. I have a child on the way currently due this month, we are both 19, I m currently working making 11 an hour but in about 3 month I ll be bumped to 15 and 1.25 every three months. That being said what s the best way to budget and what can I afford rent wise. The cost of living isn t high at all here, I was curious what could I afford personally? I told the mother of my child I m not going to let them move in until I m stable on my own. Money wise I make 1,450 a months. I do plan on start college this coming fall have the weekend shift, but that will be paid for through scholarships. My question is how can I budget for get ready to afford a house in the hourly wage boost?

Best Answer:

Mike: Rent places usually look at your last month of income, (or proof of a salary if you are just starting a new job). With your income, Apartments are usually looking for income that is 3 x the monthly rent. (AKA, if you make $1450/month, you can afford an apartment rent of $483/month). That said, to move into a more expensive apartment, you may want to wait until your bump up to 15, so you can show a higher income. However, also keep in mind that a newborn will introduce new costs as well. Congrats and Good luck!

Other answer:

Mike:
Sorry kid, u don't qualify to rent anything Legal here maybe in ur country.
Afford a house! LOL child ur parents haven't explained anything about Reality of money debts to u.
Here u don't qualify for motels by the week.
Ur baby's moma needs to stay home with Parents simple .
U need to stay home with Parents Also.
U don't earn enough to cover real world operating expenses unless u live in homeless shelter or paid off minivan .
U are FEW years easily from moving out.
U been told lies myths hypes scams about how much money they will pay u.
NO company gives 1.25$ pay raises every 3months.
Maybe YEARLY.
Did you even READ ur statement?
Weekend shift are barely 30 hours week.
Ur PAY going DOWN.
Kid have ur parents Teach you fast.
Love big words:
You need a written budget
?:
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coraann:
Your monthly income must be 3 times the amount of the monthly rent.
Cha:
meaningful questions, thank you

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