This can help with:
- Learning to run a house
- Being independent
- Moving out of home
- Adjusting to independence
The time around the end of high school brings a whole lot of changes. One of them is that you're likely to have to manage more money, and start budgeting more expenses than you've needed to in the past. Whether you have a job, have moved to study or are living with your family, there are a couple of things you might need to think about.
- Don't spend money just because you have it. This is especially true if you've moved away from home. You'll need that cash when a bill arrives.
- Put aside a fund for emergency expenses so you'll have options if you're caught short.
- Work out how much you can afford to spend on what. Remember to take into account rent, food, clothes, transport, electricity and phone bills/credit. Pay the essential things first.
If you're sharing with flatmates, work out how things like rent, bills and cleaning products are split. It can help to have a communal fund or “kitty” that everyone chucks money into. This is especially good for food, because buying bulk amounts gets you discounts.
Electricity, water, gas
As well as being present in the atmosphere of pre-historic Earth, these are things you now probably have to start budgeting for. Negotiate with your flatmates about whose name goes on which bill. If your name's on the bill, make it your job to remind people of it, because you're the one the company will hassle if it goes unpaid.
If you live somewhere that's often hot or cold, the most expensive bill of the year will be the one where you use the heater/air-con the most, so try to be aware of this and put some cash aside for it.
You can often get time to pay off big utility bills if you need it. When you're stuck, talk to the company about a payment plan. There might also be emergency government or student grants or loans that can cover you if you're not earning heaps.