Assume that you are going to have 1 roommate so that you can split expenses.
Before you can move out, you need to figure out what your monthly budget will be in order to support yourself. Begin by calculating some basic monthly expenses. Fill out the table to figure out how much it will cost to live on your own.
For Rent, Electricity, Water, and Internet Service, look up what it might cost you in your area, and make sure you divide the total amount by 2 to account for your share.
For Cell Phone, Transportation, Food, and Clothing, put down what you think it might cost you per month.
For Entertainment and Savings, put down what you would like to allot each month to these expenses.
Area: Lake Stevens
| Expense | Monthly Cost | Your Share (if applicable) |
|----------------------|----------------------|-----------------------------|
| Rent | $1,200 | $600 |
| Electricity | $50 | $25 |
| Water | $30 | $15 |
| Internet Service | $70 | $35 |
| Cell Phone | $50 | |
| Transportation | $100 | |
| Food | $300 | |
| Clothing | $50 | |
| Entertainment | $50 | |
| Savings | $100 | |
Total Monthly Expenses: $2,000
Your Expected Monthly Budget: $2,000
Amount Your Roommate Owes (if applicable): $825
make it less AI
Here is an example budget for living on your own in Lake Stevens, assuming you have one roommate to split expenses with:
- Rent: $1,200 (Your Share: $600)
- Electricity: $50 (Your Share: $25)
- Water: $30 (Your Share: $15)
- Internet Service: $70 (Your Share: $35)
- Cell Phone: $50
- Transportation: $100
- Food: $300
- Clothing: $50
- Entertainment: $50
- Savings: $100
Total Monthly Expenses: $2,000
Your Expected Monthly Budget: $2,000
Amount Your Roommate Owes (if applicable): $825