Questions :

Q1 : (5 Points)

List the expenses you might have if you were living alone, and put them into categories. Do not forget to budget for some discretionary spending.

Q2 : (5 Points)

Make an estimate of how much you will need to budget each month for each of your expense categories, and total up your monthly budget. Research local housing prices and utility costs to make this as accurate as possible. Ask for some budget figures from people you know who are living on their own.

Q3 : (5 Points)

Did anything about your estimated monthly budget surprise you? Explain your reactions to the budgeting exercise.

Q4 : (5 Points)

Knowing what you now know about budgeting and expenses, how does the prospect of moving out seem? What kinds of preparations and sacrifices might you have to make to live on your own?