Your First Apartment – Financial Firsts
SON>>I just thought that it was a little,
you know– it’s near the freeway, and I don’t want
to put up with all that noise. FATHER>>Yeah, it was a little bit noisy.
The location was good though, you’ve gotta admit. It was a good
location, but this place ahhh.. SON>>I like the layout, isn’t it cool? I
think that like, this kitchen, you know, we’ve got running
water…all right! Oh good, it looks good. It’s clean; that’s nice. Dad, hey, there’s
this bar so I could serve cocktails to friends.
FATHER>>Yeah, food is good. SON>>Yeah, it’s got a nice refrigerator,
check that out! You know what, I think this is it.
I think this is the place. Pool; it’s got the pool!
FATHER>>It is a nice view. SON>>I mean, the pool itself should be the
deal. FATHER>>Yeah, but what about affordability?
What about the cost? SON>>I can afford it. You know, I’m doing
pretty good hours at the grocery store now, you know,
and I mean, the rent, the rent’s pretty cheap. FATHER>>Well your income is good, and the
rent is pretty affordable, I’ll admit that, but there were some other
costs in here that uh… you might have to consider. Well, first of all, I was reading
through this rental contract and shows that you have to make a
uh.. you have to put down a security deposit. SON>>What’s that?
FATHER>>Well, a security deposit is just to ensure that in case there’s any damange
to the apartment when you move out, they have enough money to cover
that. You’ll get it back if you keep the place nice
and tidy, but they always require that upfront. Then you’ve got the application fee, that’s
also in the contract as well.
SON>>Man, that better be it. I’m — FATHER>>Well, there are a few other expenses
because… you know… SON>>There’s more?
FATHER>>Well, just like at home, we have to pay electricity, we have to pay for water,
we have to pay for heat, and the same things apply here. So you’re
gonna have to pay for heat, water, electricity… I mean, it’d be
pretty bad if you didn’t have any lights, water or heat.
SON>>I thought that was just, that everybody go that.
FATHER>>Nooooo, no, no, no. So you’re going to have to pay for those things, too.
SON>>K. FATHER>>You do have the money for the uh…
for the deposit, right? SON>>…Yeah…
FATHER>>Okay. Well then that shouldn’t be any problem, you can put that money aside.
And then you just need to sit down and go through a budget. That’s pretty
easy, you’ve done that before, right? SON>>No.
FATHER>>No? SON>>I don’t know what to do, I’m sorry,
this is… wow. Dad, I did not know all of this.
FATHER>>Hey, it’s okay, though. You can still live here and I think you can afford it, you
just need to ahead and sit down with a budget. You’ve got the job,
you’ve got great hours. So, I tell you what I’ll do: I’ll sit down with you
and we can go through the budget, and it’ll be really easy.
SON>>I mean, it’s funny. When I was a kid I just thought it would be simple: you’re
on your own kind of thing, you know?
FATHER>>It’s all part of growing up, and you’re doing a good job.
SON>>Thanks, Dad. FATHER>>So here’s what you can do: I’ll help
you budget, but you’ve gotta make me a deal. SON>>Okay.
FATHER>>On move-in day, no heavy lifting for Dad, okay?
SON>>No, don’t worry, I’ve got you. FATHER>>Alright, good job.