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Determine your budget with your new net income amount. Now that you you've chosen your health insurance (pre-tax), determined how much you will have to pay in taxes, and student loans, it's time to get the fun stuff. Where will you live? How much will it cost to have cable television? Use the following links below to guide you in your decision making. Rent/Mortgage- To find an apartment go to http://www.apartmentfinder.com/ and look up one that meets your wants/needs in the city you want to live in. If your income is less than $1500 you can have 1 roommate and everything must be split 50/50. If your net income is less than $1200 and you find you can't afford an apartment, you have the option of living at home with Grandma. Rent is $150/month. Utilities- Research the following sites to budget your utilities. http://calc.myenergy.com/ https://www.forrent.com/blog/apt_life/apartment-utility-breakdown-what-apartment-life-costs-beyond-the-rent/ Food- If you plan to eat out more than 3 times per week allocate $60. If you plan to eat out less than 3 times per week allocate $30. For groceries, you have the option of going to the following stores and comparing prices. Create a monthly food list and write down the prices for those items for the month. https://www.aldi.us/ https://www.kroger.com/ http://www.walmart.com/ http://www.publix.com/ *See Mrs. Foster for food stamp eligibility. Transportation- If you are NOT getting a car, you have to subtract $125 for a CCT Monthly Bus Pass. If you are getting a car, go to https://www.carmax.com/ to search for a car and use the tools to determine your loan payments. If you are getting a car, your car insurance for a male in GA is $262.83 per month. For a female it is $200.83 per month. |