4TH QUARTER CONSUMER EDUCATION



4TH QUARTER CONSUMER EDUCATION ~ Apartment Hunt Activity

1. JOB: Your occupation is ___________________.

Your annual salary is $_______.00

Go to the web site and type in your occupation to find out your annual salary. ***Choose the median salary for Chicago.

2. RENT: How much can I afford to spend on rent? (The average person spends about 30% of their income on rent.

30% of your income is:$__________.00 Divide by 12 for monthly rent: $_______.00

Do you and your partner need to be roommates, or will you get your own place?

Roommates? Yes ___________ No ____________

If yes, how much money can you afford to spend on rent together? $_______.00

3. LOCATION: Do some research using the web sites listed below to find out where you want to live in Chicago. Use these sites to research neighborhoods:







What neighborhood should I (we) live in? _____________________

Provide 3 reasons to explain your choice.

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4. AMENITIES: What apt. features do I NEED, and what features do I WANT? List at least THREE of each.

NEED WANT

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• ____________________ _____________________

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5. THE HUNT: Using the web sites provided find at least 2 apartments that fit your criteria. Provide all details, including contact information of landlord.

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Apartment #1

Location:

Description/features:

# of bedrooms:

Rent: $________.00 / month

Cost of security deposit: $________.00

When is apartment available?

Reason why you would rent it:

Landlord’s contact info:

Apartment #2

Location:

Description/features:

# of bedrooms:

Rent: $________.00 / month

Cost of security deposit: $________.00

When is apartment available?

Reason why you would rent it:

Landlord’s contact info:

6. FURNISH IT! Using the Internet, find out how much it will cost to make your apartment into a home. Find the cost of each item you want and/or need, then list the web site where you found the information, and total up your costs at the end.

Bedding:

Mattress Cost: __________

Box Spring Cost: __________

Frame Cost: __________

Sheets Cost: __________

Blankets Cost: __________

Pillows Cost: __________

Other ________________ Cost: __________

TOTAL Cost: __________

Kitchen:

Plates Cost: __________

Utensils Cost: __________

Pots Cost: __________

Pans Cost: __________

Other _________________ Cost: __________

TOTAL Cost: __________

Living Room/Extra Room:

Couch Cost: __________

Tables Cost: __________

Chairs Cost: __________

Desk Cost: __________

Other _________________ Cost: __________

TOTAL Cost: __________

Electronics:

TV Cost: __________

Cable Cost: __________

Telephone Cost: __________

Computer Cost: __________

Printer Cost: __________

Modem Cost: __________

Other _________________ Cost: __________

TOTAL Cost: __________

7. UTILITIES

Find the cost of monthly utilities for your apartment:

Electricity: $ ________.00 / month

Cable/phone/DSL: $ _______.00 / month

Heat/gas (unless included in rent): $ ______.00 / month

Other: $ ________.00 / month

TOTAL: $ ________.00 / month

You can search each utility separately, or check out this web site:

8. REFLECTION – Minimum 3 paragraphs

On a separate sheet of paper, write a reflection on this activity. Include information regarding: What was difficult about this activity? What was easy? What information surprised you? Do you think you are more prepared to do this on your own after completing the activity? What did you learn about yourself from this activity? What additional information do you want to know about finding apartments and budgeting?

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