The Real Cost of #Adulting

The Real Cost of #Adulting

So your teen is preparing to move out, are they? Perhaps they plan to split expenses with a buddy, or were attracted to a sign for a month of free rent? Well, moving out can cost a lot more than it appears. Today, a quick rundown on the real costs associated with making the leap to grown up living.

First, the move itself can cost an arm and a leg. Many apartments require that renters pay their first and last months’ rent before they ever step foot inside their new home. That can be pricey! And rent isn’t the only thing to consider. When you move out, you’ll also need:

  • Furniture

  • Bed

  • Mattress

  • Kitchen Supplies (you gotta eat, you know!)

Then, every month, you’ll have to pay rent plus a lot of other bills, too. Those include:

  • Electricity

  • Water & Sewage (yes, you pay for your trash.)

  • Internet

  • Cable TV

  • Renter’s Insurance (your apartment might require it.)

Want to get specific? Here’s a budget calculator from our friends at the Mint. Want to soften the blow of moving out? Consider living with friends. Sharing expenses can make it much more affordable. These girls shared a house with 7 friends, making their monthly expenses achievable in the expensive city of Seattle.

A Free Resource to Facilitate Money Talks

A Free Resource to Facilitate Money Talks

What's Your Child's Money Personality?

What's Your Child's Money Personality?