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Reply to "Can my sister afford this apartment?"
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[quote=Anonymous]1. She needs to start out in "real life" by following the 50, 35, 15 rule: (all fixed living expenses <50 of take home pay, all variable expenses < 35% saving at least 15%) 2. At 49K 1100 per month for rent is very close to 50% of her take home so I don't think she will be able to fit ALL her fixed expenses into 50% of take home. 3. 1100 per month for a shared sounds very high. While its a different market, I've been living in down-town Alexandria (walk to work) and my rent for a one bedroom by-my-self situation is 1300. 4. I earn significantly more than 49K and honestly.... my budget is tight and I do NOT have student loans or a car payment or credit card debt. Life simply throws expenses at me each month at isn't expected.[/quote]
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