When moving out on their own, many freshmen fail to consider all the pieces of living on their own. Even those with jobs don’t think about the costs of basic necessities holistically. Often transitioning students only consider rent when weighing costs vs. wages earned. They may not account for the cost of food, utilities, gas, and other miscellaneous expenses. This means that when finding a place to live, the cost of rent should be manageable in order to pay other monthly expenses. Expenses typical to living independently:
- Gas
- Utilities
- Food
- Laundry
- Water
- Cable
- Internet
- Cellphone
- Furnishings
- Fees associated with the property – amenities, maintenance, pet, etc.
Of course, not every expense listed will be applicable to every individual. However, these expenses need to be taken into consideration by those who seek to live in an apartment or house. Budgeting accordingly for each expense requires some time. Depending on the location, roommate situation, and type of housing unit the costs can fluctuate, which is why researching these costs before committing to a living space is important. Knowing which of these expenses are necessities also helps with budgeting.
After the considerations for the cost of living are made, the items that go into the apartment or house also should be priced out. Most apartments and houses do not come fully furnished with couches, beds, tables, and decoration. Furnishing and appliances typically will not be a monthly expense, so a separate budget for furnishing is beneficial. The basics are not a necessity, but a convenience and comfort.