Moving Out

Captain Crunch

Veteran
Joined
May 9, 2012
Messages
44,349
Reputation
2,429
Daps
112,378
Reppin
NY
I'm looking for a temp room for 4-8 months, before I look for a long term apartment.
If I account the rent; food, travel expenses, phone, etc. then times the total by 16%, is that a great way to determine what the total expenses will be?

So for example, if it cost say $1000 per month(rent; food, travel expenses, phone, internet) then times the $1000 by 16%($1160), will that most likely be what I'll pat AT WORST per month in total expenses?
 

Rawtid

Veteran
Supporter
Joined
Jun 23, 2012
Messages
43,323
Reputation
14,608
Daps
119,418
I think that 16% is a good contingency amount. Once you have the real numbers you can always adjust.
 

DaChampIsHere

Survive the drought
Joined
May 31, 2012
Messages
7,095
Reputation
412
Daps
9,558
Reppin
Great Pyramids of Giza
I think that if you're living in NY, $1000 is an unreasonable figure to begin with in the first place for all of those things, even with the 16% added on.
 

Captain Crunch

Veteran
Joined
May 9, 2012
Messages
44,349
Reputation
2,429
Daps
112,378
Reppin
NY
I think that if you're living in NY, $1000 is an unreasonable figure to begin with in the first place for all of those things, even with the 16% added on.

I was using that as an example and throwing out numbers.

I think that 16% is a good contingency amount. Once you have the real numbers you can always adjust.

:salute:
 

Rawtid

Veteran
Supporter
Joined
Jun 23, 2012
Messages
43,323
Reputation
14,608
Daps
119,418
Get two separate checking accounts. Put your money for bills plus contingency in one account and use the other for "spending" and make the spending account the only one linked to your debit card. That way if someone gets a hold of your debit card, bill money won't be impacted.
 

Captain Crunch

Veteran
Joined
May 9, 2012
Messages
44,349
Reputation
2,429
Daps
112,378
Reppin
NY
What's this 16% added on business about? If you want to spend a thousand a month tops, then do it

I add the 16% as a tip, because you may see some rates flucturate(phone bill; travel, etc), so adding .16% extra calculates my expenses at WORST CASE.
Just like if I go away for travel, you wanna calculate your expenses(flight; taxi, food, board, etc) then add a little extra just to be safe.
 
Top