What Are The Costs Of Living On Your Own?

[iomar]

I'm hunting for costs you have when living on your own, that you don't when living with your parents. I can think of: rent, bills, food. Something else?

[Bedyw]

There are a lot of costs when living on your own... Right here are some of the things I can consider of:Water Wastewater/sewage Garbage(some places charge a charge for garbage collection) Gas Parking(some places charge for a parking space) Electrical energy Phone/cell telephone Cable/satellite Television(optional, of course--but some locations get NO television unless you pay for this) Groceries/consuming out Entertainment(almost everything from film rentals to magazines) Laundry/dry cleaning(are you going to use the coin-operated laundry? rent/buy a washer/dryer?) Furniture/appliances/other stuff(every little thing to furnish/keep your spot: couch, television, vacuum cleaner, cleaning supplies, bed, towels, bedding, dresser, coffee maker, toaster, pots and pans, phones, stereo, etc.) Pet deposit and pet supplies, if you have a pet(this can be expensive--I?d recommend not obtaining a pet!) Medicine Added gas for auto if moving indicates you are on the road much more(farther away from operate/college/family/pals) Renter?s insurance Wellness insurance coverage(if parents are no longer paying for it now that you?ve moved out) Auto insurance coverage(if parents are no longer paying for it) Also, you need to have to make sure you have money in savings. You want an emergency savings account(typically with enough to cover three-6 months worth of living expenses). You also need to have money for upkeep(what occurs when your vacuum cleaner/tv/coffee pot breaks?). I hope that aids! If you need clarification on anything or have much more queries, just ask. ) momandreader 83 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Artus]

The cost of living depends on where you actually decide to live. The easiest way to look at how much it will cost to live on your own is to just assume that two and half paychecks will go towards paying rent, bills, etc...

[Xun]

Here are some of the things I can think of:Water Wastewater/sewage Garbage(some places charge a fee for garbage collection) Gas Parking(some places charge for a parking space) Electricity Phone/cell phone Cable/satellite TV(optional, of course--but some places get NO tv unless you pay for this) Groceries/eating out Entertainment(everything from movie rentals to magazines) Laundry/dry cleaning(are you going to use the coin-operated laundry? rent/buy a washer/dryer?) Furniture/appliances/other stuff(everything to furnish/maintain your place: couch, tv, vacuum cleaner, cleaning supplies, bed, towels, bedding, dresser, coffee maker, toaster, pots and pans, phones, stereo, etc.) Pet deposit and pet supplies, if you have a pet(this can be costly--I?d recommend not having a pet!) Medicine Extra gas for car if moving means you are on the road more(farther away from work/school/family/friends) Renter?s insurance Health insurance(if parents are no longer paying for it now that you?ve moved out) Car insurance(if parents are no longer paying for it) Also, you need to make sure you have money in savings. You need an emergency savings account(usually with enough to cover 3-6 months worth of living expenses). You also need money for maintenance(what happens when your vacuum cleaner/tv/coffee pot breaks?). I hope that helps! If you need clarification on anything or have more questions, just ask. ;)

[Zebulun]

What's nice about this list is it shows you the payments that are generally "fixed" as opposed to "variable" as in "Do I really need that new blouse right now?" That's a lot different from paying your electric bill - not really an option.Costs of Living On Your OwnBeing a college student often means paying your own bills for the first time. Here is a run-down of how you can expect your financial life to change. Wasn't it nice when mom and dad paid the cable bill. Bet you never thought watching TV can be so expensive. This is what college life is all about: living on your own and learning to make it in the world. But just because you work ten hours a week doesn't mean have to be living like a bum. With proper planning you can stretch those dollars as far as possible. Here are some expenses students can expect to have -- and how to make then cheaper. Fixed ExpensesFixed expenses are those costs you can expect to pay every month. These charges are not very flexible, and you probably will have a tough time cutting costs: Rent Car Payment Car Insurance Utilities Remember, nothing is set in stone. You can always negotiate rent, pay off your car and look for lower insurance quotes. Energy saving appliances and light bulbs can help you cut your utility bills. Look for the Energy Star logo(energystar.org) on products. Variable ExpensesVariable costs are those that change depending on your level on consumption. These costs are where you can save big bucks if you plan right. Examples of variable costs: Food Transportation Clothing Entertainment Household Items Coupons are a easy, effective way of cutting your grocery bills. Websites such as SmartSource.com and CentsOff.com list tons of coupons to print. Transportation costs are rising like it is the end of the world. Cut your gas bill in any way possible: ride your bike, check your tire pressure, get a tune-up.(Not using the air conditioning can actually lower your fuel consumption by 10 percent.) Look for cheaper forms of entertainment. In the summer you can do many healthy, fun things for free. Go for a swim at the beach, take the dog for a walk, make your lover go on a picnic, spare no idea.

[doran]

unitl you actually move out. You are right - there is rent, utilities, and food. There is also insurance - health and car and maybe renters. There is the cost of transportation - car costs or public tranportation. There is the cost of doing laundry and/or dry cleaning. You also have to remember small things you never thing of when you live at home. Haircuts, entertainment -movies, dining out. Household stuff - dish soap, toilet paper, etc. The cost of new clothes, and you also should put into savings at least 5 percent of your monthly income EVERY month. Good luck!

[Hanford]

There are several other types of expenses. Some of them could be included in "rent" or in "bills" (for example, in USA, TV cable or internet could be part of a rent).Transportation:If you own car: gas, insurance, car maintenance, etc. If you don?t own car: public transportation or/and car rent.Communication:Internet Phone(s). Regular mail(still sometimes necessary to send letters or larger items).Everyday life maintenance: Laundry(even if you have washer in apartment, you still need  cleaning/softening/etc. items) Kitchen/bathroom and other cleaning items. Toiletries Pens, notebooks, paper clips, etc.Entertainment and Education: Hardware Computer TV, radio, IPod, printer, camera, etc.. Entertainment and Education: Software Books Magazines Computer software Music/movies downloads, CDs, DVDs, games, etc. etc., etc. Cost of education(if any). Social life. Movies, theaters, restaurants, museums, gifts for your friends and relatives, etc., etc., etc. Medical expenses. Don?t know how it works in Israel(you are from Tel Aviv, right?), but probably should be considered.Vacation expenses. Very specific for every individual, but definitely should be considered(even if you do not plan any vacation this year, think about next year).Clothing, shoes. Regularity and amount of this type of expenses is very individual  :-) Not regular, but still expenses: Furniture Kitchen items Bedding(blankets, pillows, etc.)

[Martyn]

A lot of these depends on where you live(like housing costs) What's nice about this list is it shows you the payments that are generally "fixed" as opposed to "variable" as in "Do I really need that new blouse right now?" That's a lot different from paying your electric bill - not really an option.Costs of Living On Your OwnBeing a college student often means paying your own bills for the first time. Here is a run-down of how you can expect your financial life to change. Wasn't it nice when mom and dad paid the cable bill. Bet you never thought watching TV can be so expensive. This is what college life is all about: living on your own and learning to make it in the world. But just because you work ten hours a week doesn't mean have to be living like a bum. With proper planning you can stretch those dollars as far as possible. Here are some expenses students can expect to have -- and how to make then cheaper. Fixed ExpensesFixed expenses are those costs you can expect to pay every month. These charges are not very flexible, and you probably will have a tough time cutting costs: Rent Car Payment Car Insurance Utilities Remember, nothing is set in stone. You can always negotiate rent, pay off your car and look for lower insurance quotes. Energy saving appliances and light bulbs can help you cut your utility bills. Look for the Energy Star logo(energystar.org) on products. Variable ExpensesVariable costs are those that change depending on your level on consumption. These costs are where you can save big bucks if you plan right. Examples of variable costs: Food Transportation Clothing Entertainment Household Items Coupons are a easy, effective way of cutting your grocery bills. Websites such as SmartSource.com and CentsOff.com list tons of coupons to print. Transportation costs are rising like it is the end of the world. Cut your gas bill in any way possible: ride your bike, check your tire pressure, get a tune-up.(Not using the air conditioning can actually lower your fuel consumption by 10 percent.) Look for cheaper forms of entertainment. In the summer you can do many healthy, fun things for free. Go for a swim at the beach, take the dog for a walk, make your lover go on a picnic, spare no idea. Sources: http://education-portal.com/articles/Costs_of_Living_On_Your_Own.html Nikki 83 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Orrin]

There are a lot of things you never think of - unitl you actually move out. You are right - there is rent, utilities, and food. There is also insurance - health and car and maybe renters. There is the cost of transportation - car costs or public tranportation. There is the cost of doing laundry and/or dry cleaning. You also have to remember small things you never thing of when you live at home. Haircuts, entertainment -movies, dining out. Household stuff - dish soap, toilet paper, etc. The cost of new clothes, and you also should put into savings at least 5 percent of your monthly income EVERY month. Good luck! TurboB 83 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Yehonadov]

There are several other types of expences. There are several other types of expenses. Some of them could be included in "rent" or in "bills" (for example, in USA, TV cable or internet could be part of a rent).Transportation:If you own car: gas, insurance, car maintenance, etc. If you don?t own car: public transportation or/and car rent.Communication:Internet Phone(s). Regular mail(still sometimes necessary to send letters or larger items).Everyday life maintenance: Laundry(even if you have washer in apartment, you still need  cleaning/softening/etc. items) Kitchen/bathroom and other cleaning items. Toiletries Pens, notebooks, paper clips, etc.Entertainment and Education: Hardware Computer TV, radio, IPod, printer, camera, etc.. Entertainment and Education: Software Books Magazines Computer software Music/movies downloads, CDs, DVDs, games, etc. etc., etc. Cost of education(if any). Social life. Movies, theaters, restaurants, museums, gifts for your friends and relatives, etc., etc., etc. Medical expenses. Don?t know how it works in Israel(you are from Tel Aviv, right?), but probably should be considered.Vacation expenses. Very specific for every individual, but definitely should be considered(even if you do not plan any vacation this year, think about next year).Clothing, shoes. Regularity and amount of this type of expenses is very individual  :-) Not regular, but still expenses: Furniture Kitchen items Bedding(blankets, pillows, etc.) Sources: Own experience pntphoto 83 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.