memo - MEMORANDUM To From Subject Janet Baker Alex Gase...

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MEMORANDUM To: From: Subject: Janet Baker Alex Gase Cost Savings with off-campus apartment Janet, I wanted to outline the essential costs of each alternative to display the savings that you would achieve in choosing to live in an off-campus apartment for the upcoming academic year. Costs associated with apartment (per year-8 months) : -Rent: $3,200 -Utilities $ 600 -Groceries $1,600 Total $5,400 Costs associated with living in residence hall (per year-8 months): -Room & Board $5,800 -Storage $ 280 Total $6,080 As you can see from the above information purely based on cost, the apartment is the better choice saving you $680. Risks: There are some risks contingent with leasing an apartment. When leasing you may have to put a deposit down that might not go towards your rent principal, therefore, resulting in a larger sum of money initially being paid. The deposit will ultimately be refunded given you do not have any damages done to the apartment. Also if your roommate in the apartment decides to
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memo - MEMORANDUM To From Subject Janet Baker Alex Gase...

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