A Deeper Look into the Cost of a Hotel Apartment

By
FB @ FabulouslyBroke.com
 – September 24, 2010Posted in: Money

I was going over my expenses recently, lamenting at the high cost of having to pay for a hotel apartment, when a thunderbolt struck.

Perhaps I have been looking at the numbers too objectively and not factoring other things into the mix.

Let’s begin.

Cost of my hotel is $1950/month

But when you break it down, it’s really $1170/month for the business side of things.

Within those amounts, I’d normally have to tack on another $90 on the personal half of the $780, but as it’s included in the hotel, I am removing it from the final amount so that I can figure out what the real cost of the rent is:

  • Internet = $50
  • Apartment Insurance = $25
  • Utilities = $15

In my apartment hotel, I am also receiving these services that I would normally do without:

  • Land line = $10 (It’s been so long I have no idea if that’s right)
  • Television = $50 (Full cable package, even though I don’t watch TV)
  • Weekly Housekeeping = $200 (Also no idea if this is true; never had a housekeeper)
  • Furniture & Tools = $$$ (We have our own stuff, but it’s all included in the apartment)

I won’t add those to any of my following totals, but they are items to keep in mind.

I was also driving back and forth between my two cities at $50/week or $200/month.

I do have to pay parking at $55/month, so we have to add that.

So what do we get?

$400 a month in personal apartment expenses, and $970 for the hotel (although some hotels make you pay $12/day to park there, but I didn’t go into that much detail).

Granted, I am still paying the $1950/month for the hotel, but if we think of it as it not being my primary residence, and my living in another city (as I did for most of the year), the numbers look much better.

If you compare it to what I was paying for a hotel on average when I was driving back and forth:

It’s still painful to fork over $1950/month for an apartment (it’s basically an apartment), but looking at it in this perspective makes me feel a tad better.

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About the Author

Just a girl trying to find a balance between being a Shopaholic and a Saver. I cleared $60,000 in 18 months earning $65,000 gross/year. Now I am self-employed, and you can read more about my story here, or visit my other blog: The Everyday Minimalist.