Welcome to the 2009-2010 SMHS Savings Challenge

In the SMHS Savings Challenge, students compete to achieve their savings goals over the course of the school year. A+ financial coaches guide these students and help them learn life-long money management skills. This blog will feature posts by past and present contestants, A+ coaches, and others.

Moving Out

Monday, December 14, 2009

Like many other seniors I'm quite set on moving out on my own, or with a roommate, at the end of this school year. My urge for independence is a pretty strong one and I am extremely excited as the date comes closer.

Seeing as I still had a good amount of time before I could actually move out I decided to start calculating how much it would cost me to actually live on my own.

Once I actually got started brainstorming costs I realized there were so many factors to consider!

Eventually I was able to put down everything I could think of from rent and utilities to the cost of paper towels. Needless to say it was one intimidating list, although it hasn't stopped me from wanting to move out, it has made me realize how unaware I was of the need for financially assessing the process.

I would strongly urge other young adults who want to move out to extensively examine the costs of living on your own, the final number is often a lot bigger than you would think.

- Aaron, SMHS Branch Intern

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