Call Us 877-945-7233 ☰ ˟
Saferoad Insurance
Call Us 877-945-7233
  • HOME
  • Insurance Products
    • Auto
    • High-Risk
    • Homeowners
    • Motorcycle
    • Business & Commercial
    • Commercial AutoImage of right arrow
      • Food Truck Insurance
      • Contractor Insurance
      • Dump Truck Insurance
      • Delivery Driver Insurance
      • Semi Truck Insurance
      • Box Truck Insurance
      • Semi Truck Insurance
      • Moving Truck Insurance
      • Pickup Truck Insurance
      • Plumber Auto Insurance
      • Tractor Trailer Insurance
      • Van Insurance
    • Recreational Vehicle
    • Watercraft & Boat
    • Renters
    • Life
    • General Liability Insurance
    • Mexico Insurance
  • Payment & Claims
  • Tax & Registration
    • DMV Registration
    • Vehicle Registration
    • Tax Preparation
    • Insurance Glossary
  • Contact Us
    • Contact Us
    • About Us
    • Locations
    • Refer a Friend
    • Careers
    • Blog

Get an INSTANT QUOTE


Get a free quote

Home > Blog > Expenses To Consider When Living on Your Own
TUESDAY, JANUARY 4, 2022

Expenses To Consider When Living on Your Own

Expenses To Consider When Living on Your Own

Moving out of your parents’ home is a big step. The expenses to consider when living on your own may seem overwhelming, but you can handle them. Learning to budget is challenging for many, but you’ll get good at it once you’re responsible for your bills. Read on to learn more about what expenses you’ll to cover when you’re living on your own.

Housing or Rent

One of the biggest monthly expenses when living on your own is the cost of housing. Whether you buy a home or rent an apartment, you’ll put a good deal of your income toward it. If you manage your money well, you can afford to live in a space that costs about a quarter or a third of your income. You’ll also need to factor in renters or homeowner’s insurance.  

Insurance

You need it for everything. One of the most surprising expenses people forget when creating a budget for living on their own is insurance. When moving out on your own, you should find a reputable renters insurance agency if you don’t plan to buy a home right away. Of course, if you do buy a home, you’ll need homeowners’ insurance. Other types of insurance to consider include: 

  • Health insurance
  • Life insurance
  • Automobile insurance

Utilities

There are other smaller bills when you’re living on your own that you’ll need to pay, too. If you rent, you may find a place that covers the cost of utilities, but homeowners must pay for each individual service. Also, you must pay on time if you want to keep your utilities. You may pay monthly for: 

  • Water
  • Gas
  • Electricity
  • Cable
  • Heat
  • Internet

Food and Groceries

Another regular expense is food. Feeding a family isn’t cheap, so check out deals in local ads to find ways to save more. You can eat out on a budget, too, if you utilize coupons.

Furnishings

Furnishing a new place is a common expense many people forget. Even if you take items from your childhood home or dorm to your new place, you may need more furniture to fill your space. You can shop secondhand for good deals on sturdy furniture.

Personal Expenses

You’ll also have to deal with personal expenses. Once you start paying your way, you’ll find out how expensive of a lifestyle you can really live. Common costs you’ll come across include:

  • Subscriptions
  • Phone bill
  • Credit card bill
  • Medications

The main expenses to consider when living on your own are utilities, housing, food, and insurance. The various types of insurance you’ll need can be difficult to manage. Find an agency that will help you navigate the waters. Contact Saferoad Insurance today for help acquiring the coverage you need.

Posted 12:53 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019

  • insurance(9)
  • auto insurance(4)
  • long beach(4)
  • coverage(3)
  • california(2)
  • home insurance(2)
  • policy(2)
  • auto(2)
  • car accident(1)
  • liability(1)
  • general(1)
  • credit score(1)
  • life(1)
  • mexico auto insurance(1)
  • general liability insurance(1)
  • renew your policy(1)
  • road trip(1)
  • tax refund(1)
  • commercial(1)
  • claims(1)
  • car(1)
  • safety tips(1)
  • insurance limits(1)
  • business owners(1)
  • boat insurance(1)
  • tax preparation(1)
  • car insurance rates(1)
  • motorcycle(1)
  • expenses(1)
  • liability insurance(1)
  • commercial auto insurance(1)
  • renters insurance(1)

View Mobile Version

Contact Us Today!
877-945-7233

Facebook Twitter LinkedIn Google
Serving All California Residents. Saferoad Insurance
Quick Links
Home
Get A Quote
Customer Service
Payment/Claims
About Us
Our Carriers
Blog
Contact Us
Subscribe
Locations Find Your Nearest Location Here
Anaheim
Long Beach
Los Angeles
Powered by Insurance Website Builder