What's a good amount to earn (per week) if you want to move out?

Also do you have any tips (financial or non financial) on flatting for the first time?

Updates:
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By the way I don't want to spend more then about USD$140 per week on rent including expenses. You can still get a decent flat for that much of you nacre flat mates.

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Most Helpful Guy

  • Depends *entirely* on where you live.

    General rule of thumb is that rent should cost 1/3 of your monthly income or less. If you don't need a car, you can spend a bit more.

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Most Helpful Girl

  • In one week you must earn one months rent. Anything less will put you under tremendous financial strain

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    • So basically 1 weeks rent = quater of your weekly income

    • That is correct. Do not listen to the people who say one third. That is cutting it so close and was proposed long before Internet connections, cell phones and the like were added into one's budget.

    • Ok thanks 😊

What Guys Said 7

  • Depends where you live, if you're in an expensive city 800-1000 a week minimum if you want to save up and eventually buy a place. Rent where I live for a flatshare is around £300-400 a week for 1 bedroom. Outside of cities will obviously be a lot cheaper, 100-150 so you'd need to earn 400+ since you'd need a car too.

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    • Where are you from?

    • Show All
    • Ahh ok, anyway a good general rule of thumb is to keep rent around 1/3 of your income, that way you'll have enough to actually live. You can just Google the average prices in your area and go from there.

    • Alright, thanks, I'll keep that in mind 😊

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  • Depends on where you live and if you have a car or if you don't need one that'll save you money. here's a general list of average cost per month when I lived in a single bedroom apartment.
    Phone bill: 100$
    Rent: 740$
    Electric: 140-220$ (varying on climate)
    Water/waste: included in rent in my case
    Ethernet: 75$
    Gas for vehicle: 80-150 (depends on how much off-roading I do that month plus I only get 13 mpg)

    If you have a vehicle or know you're gonna have to get one add that to the mix but generally I'd say in order to be comfortable and not live barely making ends meet on your own in nothing fancy for me at least around 400-500 a week so 800-1000 every 2 weeks on pay day. I make enough now tho I can almost pay all of my bills with one pay check which is my Goal to get too and then stay at if not better

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  • Do some research...

    You need to find out how much it costs to rent, the rates of common bills like water, electricity, gas, and groceries. Then find out the expenses of luxury items you'd like to have such as internet, cable, and entertainment.

    Once that's figured out you'll quickly find out it's a a lot.

    Consider finding a roommate and split the costs. It's often best to first dip your toes in the water and learn what it's like to deal with the stress of having financial responsibilities before you dive straight into the deep end.

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  • Depends a lot on where you live. Are you going to live alone or with flat mates? Rent where I live is around $800 a month for a studio apartment. Not sure if that even includes utilities. If you have a car, and are going to live alone, and want to do more then just eat and live. You should earn at least 30k a year.

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    • I think I'll flat with people, it'll be cheaper. Thanks 😊

  • At least $700 to $1000 a week. Depending on what state your living in and what the housing cost is. Now here in California, you'll have to make $1100 to $1300 a week just to move into a an apartment or a studio. But that's at a supervisor pay

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    • Thanks for answering 😊

    • No problem. I really home for the best for you. It's gunna be tough at firdt. But it'll work out as time goes on

  • It depends on the cost of living where you are located.

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What Girls Said 6

  • What's the typical rent in your city? You should be making at least that per month plus at least half to cover your other expenses (food, utilities, entertainment, etc). So say that rent is 400$ per month in your city. You should be making AT LEAST 600$/month, and I would recommend more because that's still pretty hand to mouth.

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  • my rent here for a room (utilities and bills included as well) is $115 per week, and I earn about $350 per week. but I don't own a car atm and public transport is cheap for me, costing around $6 per week only so I don't need much, only thing I need to pay apart from rental a week is the food.

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  • Depends where you live. Try figuring out how long you can go between filling your gas tank, getting more groceries, check average cost of living where you live, and learn how to live frugally.

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  • 500 a week at the very least.

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  • Getting a roommate?

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    • That came off rude! It wasn't my answer, I was asking.
      Tips:
      Lay down solid rules with your flatmate, like noise, guest, pets etc
      Buy a fan (depending on where you live) sometimes the AC isn't enough, or the flatmate prefers it a little hotter
      Rent at MAX should be a third of what you make (if you aren't making car payment)
      Budget out
      Food, gas or fares, electric, cable/internet, phone bill, in case something breaks
      Stay right out of the city rather than in it to get more for what you pay

  • from $600.00 and up

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