Living On My Own

Megan Vu

This is my first paycheck.
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My Apartment

I will be living in the Promenade at Valley Creek Apartments. The address is 4068 W. Northgate Dr, Irving, TX, 75062. The monthly rent is $50, which includes cable. A deposit is $50. I picked this apartment because they provide covered parking and swimming pools.


This is the floor plan of the apartment that I picked.

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Items I already have

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Bed

Value: $433.45
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Nightstand

Value: $159.95
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Armoire

Value: $289

Sofa set

Value: $2377.04
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Kitchen table

Value: $177.95
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End tables

Value: $19.88
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Coffee table

Value: $89

Items I need to buy

Bedroom

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Desk

Price: $49.84

Store: Wal-Mart

Living room

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Rug

Price: $59.97

Store: Wal-Mart

Kitchen

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Pots and Pans

Price: $19.88

Store: Wal-Mart

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Dishes/Silverware

Price: $29

Store: Wal-Mart

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Can opener

Price: $6.97

Store: Wal-Mart

Bathroom

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Rug

Price: $5.97

Store: Wal-Mart

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Shower Curtain

Price: $11.96

Store: Wal-Mart

Household Budget

Net monthly income: $1233.14

Rent (includes cable): $50 (4% of net monthly income)

Electricity: $5 (0.04% of net monthly income)

Total amount remaining: $1178.14


I can afford to buy all of my furniture and pay my first month's rent in my first paycheck.

My car

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Pre-owned 2004 BMW

$7395

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My Transportation Budget

Amount remaining after household budget: $1178.14

Car payment: $142.97 (11.5%)

Car insurance: $42.90 (3.4%)

Gas and maintenance: $195 (15.8%)

Total amount remaining: $797.27

Other expenses

Entertainment

Bowling at Main Event
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Phone bill

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Charity

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Clothing

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Food (groceries and eating out)

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Medical expenses (doctor visits, etc.)

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My total budget

Net monthly income: $1233.14

Household expenses: $55 (4.04%)

Transportation expenses: $380.87 (30.7%)

Food: $209.61(17%)

Clothing: $86.31 (7%)

Medical Expenses: $123.30 (10%)

Entertainment: $123.30 (10%)

Communication: $98.64 (8%)

Charity: $123.30 (10%)

Savings: $32.79 (2.6%)