The time has come for you to finally go out into the world on your own and leave your childhood home, and let’s be honest, that’s a terrifying thing. Living on your own for the first time can be a nerve wracking inevitability, especially when you see just how much a new apartment can cost. Security deposits, first months rent, utilities, and other bills can seem insurmountable, especially when you’re young and looking for independence, but we’re here to ease your nerves. Renting your first apartment is an exciting experience, and the financial aspects can be alleviated with careful planning and budgeting. Saving money when you’re young may seem impossible, but if you use these easy tips, you won’t even think about how much money you’re saving.
In today’s day and age, it’s becoming more and more typical for people to pick up dinner or breakfast on the road. While this might be the faster and easier route, it’s also the more expensive one. If you tend to eat out or order delivery often, chances are you’re spending hundreds of dollars a week on food that has no longevity. Taking the time to go to the store, do some grocery shopping, and cook for yourself is an easy way to save hundreds of dollars a month. Pressed for time? Set aside one night a week to dedicate strictly to meal prepping and have your meals ready to go in separate containers, this way all you have to do is heat them up! Start saving precious time and money by cooking at home.
Cutting the Cable
Let’s face it, cable bills can be astronomically high, and in today’s day and age you may find yourself asking one question: is it worth it? While most cable companies package their cable with internet services, many people are opting to forego cable TV all together. With services such as Netflix, Hulu, and Amazon Prime offering most of the shows that you watch on a regular basis, it may be time for you to cut the cord as well. This may not sound like a monumental thing, but choosing to end your relationship with your cable company can actually save you well over $100 a month! That’s at least $100 that can go towards a security deposit, rent, utilities, or whatever expenses may come with your new apartment. It may seem frightening at first, but most people who decide to cut out cable don’t regret their choice in the slightest.
Learn How to Budget
Budgeting is one of those things that does not come naturally to everybody, and if you’ve never been taught how to, it’s actually extremely difficult. Once you’re set up in your new apartment, it’s good to abide by the 50/30/20 rule, which means that 50 percent of your income goes towards your necessities such as bills, rent, and car payments. 30 percent should go towards other expenses, such as groceries, gas, and leisure activities, while 20 percent should go towards savings. This can also be used before you move out on your own, just boost how much you save if you don’t have as many living expenses. If you’re able to save 30 to 40 percent of what you’re earning, then that’s a great step towards getting your first apartment. Having trouble budgeting? Luckily, there are countless budgeting apps nowadays such as Mint, Digit, and more that can help you track, monitor, and save your money. Some will even make recommendations as to where you can cut costs! It’s normal to have a hard time budgeting, but it’s vital to work on it, especially when searching for your first apartment.
Top Luxury Apartments in New Jersey
Saving for your first apartment can be difficult, but searching for the one that best suits your needs can be just as challenging. If you’re looking for a stellar community and top tier luxury apartments filled with convenient amenities, then look no further than the apartments at Woodmont Metro. Conveniently located just minutes from major highways, Woodmont Metro is perfect for those looking for a middle ground between the Jersey shore and New York City. We offer various different floor plans to suit anybody’s needs and are proud to offer one of New Jersey’s best living experiences. If you have any questions, please feel free to contact us at any time. But if you’re feeling ready to take the first step towards your first apartment, start your application online today! Don’t let your first apartment experience become a dreadful one, come home to Woodmont Metro today.