Bills To Bank On. Why so many?
A roof over your head.
Rent is the big one, but it can be the most flexible. In this part of
Six months out of college, there will be the ever popular school loan. Sit down and figure out what you're expected to pay every month and see if it is possible to double-up on payments.
Food, glorious food.
Usually $100 to $150 per month is plenty, but keep in mind that meat, medicine, cleaning supplies and beauty products add up quick. Coupons and food store savings cards can help you save.
Getting from point A to B
Transportation by car, bus or subway can really drive the bills home. Settle on a reliable used car that eats up little gas and doesn't require monthly payments. Budget in the cost of insurance, maintenance and gas. If you have to take public transportation, plan ahead and include the cost in your budget.
Homeowner insurance is good for renters because it protects your belongings (even clothes and CDs!) from theft, fire and water damage. A basic policy for someone with less than $15,000 worth of belongings can range from $50 to $75 for the year.
Is it cold in here?
Gas, heat, hot water, electricity, sewage and trash are basic utilities, with heat being the expensive in Jersey. Some are covered in the rent, so be sure you know what's included. A place that's only $800 a month could cost you $1,000 or more after utilities. Ask other renters in your building what they average a month and work that into your budget.