Is a $950 a month rent on a $1224 every two week income a good thing to do?
So I've been looking for a room to rent. I know I can't be picky but I know what I want.
I would like a room with its own private bathroom.
I make $1224 every two weeks (the 15th and the 30 or 31st depending on what month it is).
I am good at saving when I have to but since I live with my mom, I don't put in the effort to be disciplined in terms of spending $. However, if I'm saving for something, I can be very disciplined.
So, I want to know if this is doable?
Also, I take public transportation. My pass is $30. Not only that, my job reimburses us.
I buy my female products at the 99cent store, I'm a vegetarian so I don't but much food. And the place I inquired about has laundry on site and utilities and all are included.
- LynnmarieLv 71 month agoFavorite Answer
I think you can do it. All the best.
- Raymond L.Lv 41 month ago
if that $1224 is after taxes then yes you should be fine,
- Landlord365Lv 51 month ago
No it is not & you would not likely get approved. Your rent should never be more than 1/3 of your gross income & most landlords require that to qualify.
Most of what you posted is irrelevant to the equation.
- 1 month ago
Not a good thing to do at all really
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- exactdukeLv 71 month ago
Too much. Probably not much more than $700 bucks. Otherwise look for a room, an efficiency, or someone that's looking for a roommate.
- MichaelLv 71 month ago
No, it’s not. Fortunately, most landlords will be willing to help prevent you from making this mistake by refusing to sign a lease with you for this amount.
- DamienLv 51 month ago
yeah its doable but youre screwed if you get fired
- Elaine MLv 71 month ago
Technically they say the SAFEST way to rent is to only pay as much as a normal one week's paycheck. However in today's world, that number can be half of what you make or even a bit higher.
- JudyLv 71 month ago
No, about $816 is as high as you should go for monthly rent. And by the way, if you get paid twice a month, that's not every two weeks, is 24 paydays a year, not the 26 it would be if you were paid every two weeks.
- Anonymous1 month ago
Totally delusional. $740 max. But without good credit and a prior rental history, you may have a problem even renting something you can afford. I did not move out until I was 30. Had great credit but no prior rental history and self employed and could not prove my income. They were not going to rent to me until I showed them a brokerage statement worth about 15 years of rent.