Back to Budgeting Basics
Lesson 16 6 minute lesson Interactive
A Budget for Moving Out
Estimate the upfront and monthly costs of living independently before signing a lease.
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Lesson goal
Create a move-out budget that includes deposits, utilities, transportation, food, and a safety cushion.
Three ideas to keep
1
Separate move-in costs from monthly costs
2
Estimate utilities and household basics
3
Leave room for irregular expenses
Try it
Make the call
An apartment costs $900 monthly and requires the first month plus a $900 deposit. What is the minimum needed just for those two items?
Knowledge check
Lock it in
Why should a move-out budget include more than rent?
Finish both activities