Quote:
Originally Posted by enorth
I'm not really thinking about my own place as of right now, but thanks for that advice. How much do you think it would be wise to have ready for that?
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You need to plan on having 2 month's rent plus a security deposit up front to get an apartment. Scan the classifieds to see what an average apartment is renting for in the areas where you would be likely to live. If rent would be $800/month, you'll need about $2,000 to get started. You'll also need money for furnishings and supplies. And you'll need your emergency fund to reflect your higher expenses, so an additional $2,400 to cover rent for 3 months and more to cover utilities and other living expenses in case you become unemployed.