Renting 101
This type of lease renews each month with no set end date.
Month-to-month
You find an apartment with a monthly rent of $1,500. You make $4,000 a month. Can you afford this?
Yes
You give your friend your credit card to pay your rent for you because you were out of town.
Dumb
True or False: You don't need proof of identity to rent.
False
You make $2,000 a month and find an apartment for $1,750 a month. Can you afford this?
No
You used your credit card for a rent you could have paid with your own cash and now have to deal with interest.
Dumb
If the rent is too much for you to pay alone, you should do what?
Get a roommate
You make $3,000 a month and find an apartment for $700 a month. Can you afford this?
Yes
You made a budget so you could afford rent and afford to live comfortably.
Smart