Grace has just finished high school, has her first job, and is looking for her own apartment. She wants one bedroom, one bathroom, a kitchen and a living room.
Grace’s gross pay will be $1,500 and her net pay will be about $1,200 per month. She found an apartment she thinks she can afford. She has $500 in savings and needs a $200 security deposit to rent. She also needs $100 to get the electricity, phone service, and water connected.
Will she be able to move in?
Yes, it will cost $300 and Grace can live on $200 until she gets her first paycheck
No, Grace should wait until she gets her first paycheck to move in so she doesn't have to worry about money to live on