Personal Budget -
The Hidden Costs of Student Living
Being a student is stressful (and expensive) enough. The last thing you want to worry about is whether you have enough money to pay your rent. While it may seem unnecessary or tedious at first, establishing a budget is a simple task that can help you avoid hassles in the future. Don't take on more than you can afford. Before you move in, sketch out a monthly budget you can live with.
Be sure to include the following expenses in any budget you create:
Up-front costs: Pay special attention to extra money required just for moving in. This typically includes: a security deposit, utility deposits and hook-up charges, and actual moving expenses. This list may also include: non-refundable application fees, pet fees, cleaning fees, furniture costs, and other charges.
Monthly living expenses: heat, water, electricity or gas, parking fees, local and long distance phone, cable TV and internet service, bus pass, laundry, food.
Other expenses: renters insurance, car insurance, household goods and furnishings.