Financial Considerations of Moving our of Home

What is one of the biggest costs of living independently when moving out of home?

• Groceries

• Utilities

• Monthly Rent Payments

• Furniture

What is typically required by landlords when you first move in?

• Monthly grocery bill

• Security deposit

• Utility setup fee

• Internet installation charge

Which of the following is NOT considered a utility?

• Electricity

• Water

• Internet

• Groceries

What should you budget for every month in addition to rent?

• Travel expenses

• Utilities

• Entertainment

• Clothing

What can be a significant monthly expense separate from other utilities?

• Internet and Phone

• Groceries

• Transportation

• Insurance

What is a financial consideration when moving away from home?

• Buying a pet

• Monthly Rent Payments

• Joining a club

• Taking a vacation

What is a cost associated with setting up internet and phone services?

• Utility bill

• Monthly rent

• Significant monthly expense

• Grocery bill

What should young adults consider when planning their budget?

• How often to dine out

• Buying new clothes

• Traveling abroad

• Joining a gym

What is necessary if you rely on public transport?

• Buying a car

• A travel pass or fares

• Car insurance

• Loan payments

What does renter’s insurance protect against?

• Only theft

• Theft, fire, or other disasters

• Only fire

• Only natural disasters