what costs do i need to consider when moving out of my parents house for the first time?

Question

i'm moving out of my parents house in the next few months and i'm wondering what are the costs i need to consider. i am 20 and don't know how the health insurance will work, i'm not currently going to school.

Answer 1

DEFINATELY's

- Rent
- Electric
- Gas for the house, if applicable.
- Water & Trash Services
- Telephone line (home phone or a cell phone), even if just for emergencies.
- Car payments, if applicable.
- Car insurance, if applicable.
- Gas for the car, if applicable.
- Medical & Dental insurance = always good to have, and since you're not a student, your parents insurance probably wont cover you.
- Groceries
- Hygeine products
- Pet supplies, if applicable.

MAYBE's

- Renters insurance
- Cable TV
- Internet
- "Mad Money" for movie tickets and rentals, new clothes here and there, take-out food, cds, books, subscriptions, and so on.

Save as much money as you can over these next few months before moving out from your parents place. To cut costs, consider getting a roommate or two. Good luck with everything. :)

Answer 2

Rent (must)
Renters insurance (optional)
electricity (you'll have to pay a fee to get it cut on- a must)
water (check to see if it is included with rent- a must)
phone (optional)
Internet connection If you are a computer lover (optional)
cable (you'll pay a fee to get it cut on most time- optional)
Cell phone (don't forget about this bill since it comes out of
your income-optional)
car payment ( must or optional-depends where you live. That is why it is best to get a good used car and pay it off before you move)
car insurance
Gas (must- u need it to move the car)
food
If i was you, I would stay with parents while in school and work and save money and invest in stock, mutual funds, etc for interest purposes. Then about 2 years from now, take the money that I saved, put down on a duplex, house or condo with 3 bedrooms. I would live in 1 bedroom and rent the other 2 out and let their payments go towards the mortgage and/or other bills or towawds purchasing other properties. You'll have that income in addition to your income from what ever career you choose.

Answer 3

If you're not going to school you probably will not be able to be on your parents insurance at your age. You usually have to be a full time student. You need to at least consider rent, electricity, water, groceries, gas, car insurance. Then there are more things like your phone, cable, dsl? extra things like that if your budget allows. And then whatever is left is your mad money/spending money