Renting Your First Apartment U5L1 (PF - Ned)

What are three (3) factors to consider before renting your first apartment? ______________, _____________, _____________

• colors, steps, budget

• budget, size, furniture

• location, lease,

  budget

• amenities, budget, carpeted vs hardwood floors

What is the 30% rule as it relates to housing?

(a)  

If a teacher earning $40,000 per year follows the 30% rule, how much should he plan to spend on general housing expenses for the year? How much is this a month if renting?

• $120,000

  $10,000

• $12,000

  $1,000

• 1,200

  100

• 13,333.33

  1,111.11

(a)   is an example of something you should expect to pay when you rent an apartment.

What options could you choose to reduce the cost of monthly expenses when renting?

• be a gym instructor

• eliminate your gym time

• get a workout buddy

• get a roomate

If you're struggling to find a place following the 30% Rule, which non-housing thing is not a good example of something you could give up to reduce your montly expenses in order to go beyond your 30% budget?

• Get a new job

• Cancel your cable bill

• Plan a staycation instead of a vacation

• Limit yourself to one night per month eating out