WorksheetsLiving on Your Own
Total questions: 15
Worksheet time: 8mins
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
Why is it important to have an emergency fund?
To buy gifts
To pay for unexpected expenses
To go on vacation
To buy clothes
Which of these is a common monthly expense?
A birthday party
Concert tickets
Electricity bill
Free samples
What is a benefit of living with a roommate?
Less privacy
Shared responsibilities and expenses
More chores
Higher rent
What is the average cost of groceries per month for one person (basic needs)?
$50
$100
$300–$400
$900
What is one sign of being ready to live on your own?
You want freedom
You have stable income and responsibility
You don’t like rules
You feel bored at home
