Keep Your Balance. A look into what it costs when you’re on your own. Food. Consider the cost per day and multiply by 30. Estimate would be $300-$500 per month.
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A look into what it costs when you’re on your own
Not centrally located
1 bedroom $550
2 bedroom $700
3 bedroom $950
In town Apartment
1 bedroom - $700
2 bedroom - $900
3 bedroom - $1150
$1150 x 0.25 = $ 287.50
Own a Car
$5000 car, approximately $200/month for 2 years
$10,000 car, approximately $400/month for 2 years
$15,000 car, approximately $400/month for 3 years
Gas – depending on how much you drive, and what you drive. Large Truck approx. $500, small car, approx. $250 per month.
Maintenance (depends on what type of car you chose – newer would need less maintenance, whereas cheaper would need a little more)
Now, you will each receive a paycheck. Write down your job and monthly NET pay.
The moment of truth!
Fill in what your monthly pay would be, subtract your total monthly expenses and you will have your balance!
Monthly Net Pay – Total Monthly Living Expenses = Balance (what you have left over)
If your balance is more than zero, you earned more than you spent…good for you!
If your balance is less than zero, you spent more than you earned…Oh no!