Living on Your Own

Which of the following is a fixed monthly cost?

• Groceries

• Rent

• Gasoline

• Entertainment

What does a utility bill usually include?

• Car maintenance

• Phone insurance

• Electricity and water

• Food delivery

What is the purpose of a security deposit?

• To pay for future groceries

• To reserve furniture

• To cover potential damage to a rental

• To reduce monthly rent

Which is NOT considered a necessity when living alone?

• Paying rent

• Buying groceries

• Purchasing the newest phone

• Doing laundry

What does a monthly budget help you do?

• Spend more money

• Organize your school schedule

• Track income and expenses

• Choose your friends

What should you do before signing a lease?

• Look up furniture prices

• Review your bank account

• Read and understand the lease terms

• Call your parents

When living on your own, what is one way to save money on food?

• Eat out every day

• Order food delivery often

• Meal plan and cook at home

• Skip meals

What is a helpful strategy for managing time?

• Watching TV during chores

• Waiting until the last minute

• Using a daily planner

• Avoiding routines

What is renter’s insurance used for?

• Covering medical bills

• Replacing stolen or damaged belongings

• Buying groceries

• Paying rent

Which of these is an example of a utility?

• Rent

• Internet

• Cable TV

• Cell phone case