I found a studio apartment in a not so bad area in Houston that I have a good feeling towards and want to know your honest opinion based off of my numbers
Total monthly income coming after taxes - $2,400ish (I get paid bi-weekly so about $1,200 each pay period)
Total debt that I am paying monthly (including car, CC debt, insurance, streaming services, and even adding in a estimated pricing for a proposed internet plan and monthly apartment fees outside of rent and elec) - $1,409.00. I am not counting in groceries but I would be fine with bread, ham and cheese for a while.
Normally how I pay my bills is I pay each bill in half per check. Its a mental trick I play with myself so that a charge doesn't feel it its me so bad.
Total in savings - $6,200. Currently, I don't even touch it and I still throw in $100 per check if I can.
I found a studio apartment and they are offering around $670 monthly rent. I say "around" because they tell me that price may go up or lower each week but should be around that mark .
I already told myself if I do this then no going out for me and I am going to be a shut in for at least a month. Could even do UberEATS if I need to get extra money I figured. The area I am looking to move in to is not that far from the Galleria area.
EDIT: I want to thank everyone for their feedback and I wanted to ask for a suggestion on this - One of the debts I have is a 400$ balance card (so that's $200 per month since its $100 per check) Should I just pay it off with what I got in my savings? I was thinking just pay off that small CC and while it would take down my savings to under the 6k mark, I would at least lower my total debt down by $200.
Submitted June 29, 2023 at 02:00AM by smartinez832 https://ift.tt/kbxwOV6
