K.C. asks from Saint Charles, MO on July 18, 2011
Cost of Living????
Hell Everyone!! Just gave a quick question....My boyfriend and I are finally moving out with our son (YAY!!)!! We believe we finally will be able to afford it : ) We r so excited!! Although I still just wanna take a random survey and see what u guys say your cost of living is and maybe how much u think ours would be.... It will only be myself, my boyfriend, and our son and rent will be about $615 a month I'm just not sure how much everything else will be....Water, sewer, and tesh is included and we would like to have basic charter cable, internet how much is that?? And what other bill are left electric...how much? Our cellphones are like $70 a month...Anyways I guess what I want to know is with rent at $615 and other the other bill how much do u think it will cost just to pay our bills for the apartment so confused and kinda scared we r so excited to get out but its also a huge step!! Thanks for all your advice : )
So What Happened?™
Krista P.- I do know what life cost we currently pay $400 dollars a month to live were we live now and pay for EVERYTHING shampoo, conditioner, laundry soap, toilet paper, groceries etc. ourselves so we know the cost of things. Also I stay at home and my boyfriend works full time and makes $18 dollars an hour and has his company vehicle so we pay for zero gas as far as him and going to work and his job is very stable!! I am just looking for all the extra knowledge because I am an extreme planner : ) Your advice was very helpful!!
Tracy K.- Great advice!! I also thought $1200 a month I with my boyfriends pay we should be just fine!!!
Elaine B.- looking @ apartments this weekend and asking then : )
K.P. answers from New York on July 18, 2011
If you don't have a budget set and don't know how much "life" costs, I would suggest waiting another couple of months to make sure you can really afford this!
I would strongly suggest keeping a list of your CURRENT bills... all of them, including daily expenses. Keep it as a running journal and then add it all up at the end of a week and again at the end of the month. Call the cable company and ask what cable and internet cost. Again, these are basic facts you can find on your own and you should be able to estimate these with little effort on your part.
For Us (we live in NY so keep that in mind)
- Mortgage: $2600 month
- Water/Sewer: $35 month
- Cable/Internet: $200 month
- Electic/Gas: average of $300 month (depending on season_
- Groceries: $650 month
- Cars: $100 month
- Gas: $250 month (at minimum, but I get reimbursed through work)
We have a budget spreadsheet and (including childcare b/c we both work full time) it costs us approximately $6000 per month to live our (non extravagant) lives.
Make sure that you can "really afford" to move out before you do it! Before my BIL moved out of our basement, I had him "pay" to live with us for two month to be sure he could really afford it. He "paid" rent, groceries, utilities, etc for two months (of course I gave the money to him when he left) to be certain that he really COULD afford to be on his own. If this is an option for you, do it. Not only will you realize where your money is going, you will have a nice chunk of change to start your savings!
Good luck. I hope this works out!
2 moms found this helpful
D.B. answers from Charlotte on July 18, 2011
Cost of living depends on your area, to be honest. What costs tons in NYC costs much less in Alabama. I don't know about MO - you should do your homework. Don't add on things until you KNOW the cost of your essentials. Like, don't turn on cable until you know what your summer electric bill will run. Since you have cell phones, don't set up a land line phone for at least 6 months. Try not to eat out - cook at home because that's generally cheaper, and cook several meals at once so that you save on electricity. (Cooking every day makes the kitchen hotter and runs up your electric bill.)
Good luck! And congrats on the apartment!
2 moms found this helpful
T.K. answers from Dallas on July 18, 2011
Call Charter and ask what basic services are. It starts at $9 a month here for local channels and goes up to about $150 for all channels and internet. Find out how much the deposit will be. Sometimes it can be as much as $250
Then call the electric compnay in your area. Call around to several of them. Ask what the deposit will be - again, it could be as much as $250. Ask what the cost per killowatt hour will be. Where I live, I pay 9c per kwh and my bill has run an average $125-$150 per month, but that's for a 3br house. It should be less in an apartment. You can ask the electric company to give you a 3 yr average, of what the bill has been in the apartment. That will give you the best idea of what to expect. Shop for the lowest possible kwh.
Make a grocery list of things you will need. Shampoos, Laundry and dish soap, trash bags, diapers, formula, milk, eggs, bread, all the stuff you will need to keep at the house. Then get a local grocery ad and a calculator to add it all up.
Figure out how far you will be from your job and how much gas you need to budget for
I think if you live very frugally you will need at least $1,200 a month and that's if you don't eat out much and learn to make a lot of things from scratch. Eating out is the quickest, easiest way to ruin your budget!
1 mom found this helpful
S.M. answers from Kansas City on July 18, 2011
Please make sure you are paying for life insurance. It's so important.
Everyone has such different bills. I'm sure it will work out. :)
1 mom found this helpful
M.M. answers from Los Angeles on July 18, 2011
Be frugal and watch your expenses (every little penny).
Don't spend foolishly so you can control & monitor your money.
Make a monthly budget now so you can see your expenses on paper.
Basic Cable $25-69 (depending on your area) add $25 for Internet
Gas for your cars $160/mo?
Groceries $200/mo (this can be cheaper or more)
Utilities (gas $40, electric $50-100)
You can control a lot of bills: get basic cable, keep electric down: turn lights off in all rooms you are not using, don't subscribe to magazines, check out books from library as opposed to buying them, rent movies for your son occasionally from Redbox $1 rentals, ask for and accept clothing and toy hand me downs for your son, buy generic brand food at the grocery store, don't shop at the most expensive grocery store, frequent the cheapest gas station, no frivolous spending (xBox games, clothing shopping for yourself etc), frequent thrift stores if you need some furniture, accept furniture (beds, linens, towels etc) from family & friends, get into your new apt first before buying everything, try to do w/o some things that are not necessary,
Do your budget/figure out your bills now BEFORE you move out so you KNOW what to expect & need to live with and to ensure you have enough money to live off of.
1 mom found this helpful
T.W. answers from Denver on July 18, 2011
It is hard to put a budget together for other people, but I would think that a family of 3 in an apartment can live for $1500 to $2000 per month comfortably.
Congrats and good luck!
E.B. answers from Beaumont on July 18, 2011
Doesn't your apartment cover some of those costs?? Cable, water?? If not, they should have a VERY good idea of what it would cost. If not, the electric company could tell you past bills by checking the address. Same with the water bills. Before leaping ahead, write yourself up a budget, with "worse case scenerio" numbers and see how you come out. You can tweak from there. Best of luck to you!!