New Apartment — Budget

It looks more and more every day that I’ll be able to find someone to take over my lease. I have some people coming over next Friday to look at the apartment. Now I just need to figure out if I can afford this place!

What I’m paying right now for my “bills”:

Bills Rent -695
Student Loan -117
Computer -100
Express -25
Water -40
Electricity -80
Credit Card -350
Limited -25
Cable/Internet -65
Insurance -35
Cell Phone -60
————–
Total: $1592

What I will be paying in August if I get this new apartment:

Rent -795
Student Loan -117
Electricity -100
Credit Card -400
Cable/Internet -65
Insurance -35
Cell Phone -60
————–
Total: $1572

As you can see, at this time my computer will be paid off, my Express card will be paid off and my Limited card. I raised the amount I’ll pay on my credit card to $400 (this really should be $450-500). Water is included in my rent, but my electricity will probably be higher since it is a bigger apartment. Student loan, cable, internet, insurance and cell phone will be the same.

It looks cheaper, but only because I didn’t increase my credit card payment as high as I should (i.e. Snowball my lower bills payments into my cc). If I snowball my payments it will look like this:

Rent -795
Student Loan -117
Electricity -100
Credit Card -500
Cable/Internet -65
Insurance -35
Cell Phone -60
————–
Total: $1672

Difference between what I’m paying now and what I would pay in this scenario: $80.

My idea at the moment is that I will just make my electricity bill (~$80) be paid for by my tutoring. This will put me at even with what I’m paying now. The goal to be to make $100/month. This would be 10 hours of tutoring during the month or about 30 tutoring sessions during the month or about 1 session a day. Or just two 1-hour shifts per week (these always go over an hour). This is completely reasonable and doable. $100/week is something I should be doing anyway. I need to start getting back into the tutoring groove. The days that Jack goes to doggy-daycare I need to tutor for an hour. It is just that simple.

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