What are everyday living expenses for making it on your own?

Bellow is what I got so far, but am I missing anything? I don’t need a car and I don’t watch TV

Rent
Water
Electric
Gas
Food
Cell Phone
Home Phone
Internet
Rent Insur
Saving
Public Trans
Misc.
Taxes
Storage
Going Out

First question: Why do you need both a home phone (land line) as well as a cell phone? You could certainly save money by just having a cell phone.

Also, you mentioned savings, but I would contend that there are several types of savings: immediate (emergency fund), intermediate (vacation, large purchase) and retirement (speaks for itself), just to name a few.

I would suggest that with regard to savings, you do so automatically by having funds transferred from your checking account right after each pay day. Once you get in the habit, you’ll manage just fine and won’t miss the money. After all, it’s not exactly like you are spending it. The funds are simply going to different accounts that will benefit you at a later date.

Finally, you listed a misc. section; that pretty much covers everything else. You might want to try setting a budget. This will keep you on track, plus you’ll be able to track your spending. Try this website for your budget planning: https://www.mint.com/

Good luck to you!

5 Responses to “What are everyday living expenses for making it on your own?”

  1. Garden Girl says:

    Rent
    Water
    Electric
    Gas
    Food
    Cell Phone
    Home Phone – why get a home phone if you have a cell?
    Internet
    Rent Insur
    Saving
    Public Trans
    Misc.
    Taxes
    Storage
    Going Out
    Food
    Clothing
    Medical

    You got a great list going.
    References :

  2. T says:

    First question: Why do you need both a home phone (land line) as well as a cell phone? You could certainly save money by just having a cell phone.

    Also, you mentioned savings, but I would contend that there are several types of savings: immediate (emergency fund), intermediate (vacation, large purchase) and retirement (speaks for itself), just to name a few.

    I would suggest that with regard to savings, you do so automatically by having funds transferred from your checking account right after each pay day. Once you get in the habit, you’ll manage just fine and won’t miss the money. After all, it’s not exactly like you are spending it. The funds are simply going to different accounts that will benefit you at a later date.

    Finally, you listed a misc. section; that pretty much covers everything else. You might want to try setting a budget. This will keep you on track, plus you’ll be able to track your spending. Try this website for your budget planning: https://www.mint.com/

    Good luck to you!
    References :
    20-plus years banking experience

  3. Burt's Bees says:

    Well the "misc" can be a huge category, what does that mean!? When I first moved out, what surprised me & added up so fast was the regular routine household items, personal hygiene, etc. The stuff in your house now that you dont think about….The garbage bags, ceran wrap, shower gel, shaving cream, handsoap, foil, paper towels, toilet paper, sunscreen, fabric softener, bleach, windex, lysol, baking soda, sandwich baggies, brown bags, soap, dishwashing liquid, detergent, razors, contact solution, air freshener,toothpaste, mouthwash, shampoo, lotion, OTC pain relievers,vitamins, etc etc . Yes it adds up very quick especially if your alone in the costs. And then any pet care or food/supplies if any, and then the occasional stuff that pops up- birthday presents, party gifts, the occasional doctor office co pay, etc, things like that, but if you’re saving, the unexpected shouldn’t be a problem.
    References :

  4. SDeck says:

    As soon as I read "Misc" on your list, I stopped reading because I knew you had everything covered.
    References :

  5. Johnny Kong says:

    I agree with T
    References :

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