College Roomates: The Cost of Living Together

College Roommates: TheCost of Living Together September FIRST DAY OF SCHOOL! First Day of School RENTAL HOMES WITH MORE THAN TWO THERE ARE 38.3 MILLION ROOMMATES IN THE U.S. TODAY 47,98 OF STUDENTS REPORTED FREQUENT OR OCCASIONAL CONFLICTS WITH ROOM- MATES. 758 OF FIRST- TIME COLLEGE STUDENTS NEVER SHARED A ROOM BEFORE COLLEGE. AS MANY AS 83% OF FRESH- MAN ROOM- MATES CHOOSE DIFFERENT ROOMMATES FOR SOPHOMORE YEAR. EACH HAPPY FRIEND INCREASES PROBABILITY OF HAPPINESS BY 98; EACH UNHAPPÝ FRIEND REDUCES IT BY 78! THIS BELONGS TO: SAMMY STUDENT LIVING EXPENSES BUDGET CALCULATED BY THE U.S. BUREAU OF LABOR STATISTICS, 2010 LOW BUDGET $15,920.00 YEARLY Housing 47% $623.53 Rent + Utilities 72% $448.94 Food Misc. 28% 35% $175.00 $464.33 Transportation 18% $238.80 MODERATE BUDGET $23,770.O O YEARLY Housing 47% $930.99 Rent + Utilities 72% $670.31 Food Misc. 28% 35% $260.68 $693.29 Transportation 18% $356.66 RENTAL HtOUSING STUDENTS ARE REDEFINING PREFERENCES SOCIAL OPPORTUNITIES SUCH AS OR R EATION ALL-INCLUSIVE RATES WITH MINIMAL FEES APARTMENT LAYOUT OVER PROPERTY'S AMENITIES RENT BY THE BED CRATHER THAN SHARE A LEASE WITH ROOMMATES) LARGE HOUSES OFFER KITCHEN S WITH PLENTY OF CUPBOARD AND COUNTER SPACE, AS MORE STUDENTS COOK, SPLITTING IT UP MOST LEASES ARE SPLIT IN ONE OF T WO WAYS Room size or 50/50: Amenity Split: If rooms are pretty Most homes have a large master bedroom with a master bath or similar in size walk in closet, for which one person pays more. 45% 30% 25% BEFORE MOVING IN: THINGS YOU SHOULD AGREE ON BEFORE BRINGING IN BOXES WHO IS BRINGING WHAT? ? LEASE WHOSE NAME IS ON THE LEASE, AND HOW RENT WILL BE SPLIT. WHICH ROOMMATECS) WILL WRITE THE UTILITY CHECKS BILL BILL BILL WILL EACH ROOMMATE PAY FOR THEIR OWN F OOD? PREPARE YOUR OWN MONTHLY BUDGET, AND PAY ON TIME! LABEL APPLIANCES AND FURNITURE, BUDGET AND ACQUISITION, CONTRI- BUTIONS SUCH AS: SEATING, MI- CROWAVE, COFFEEMAKER, ETC... THIS BELONGS TO: Sammy USE IT IS ROOMM S GLE QUETTE TO SAF ETl SAI OR EXPENSIVE LEFTOVERS. FABRIC PLAN OUT MONEY FOR COMMUNAL ITEMS: SUCH AS PAPER TOWELS, TOILET PAPER, CLEANING SUPPLIES, AND LAUNDRY SUPPLIES. AVOID LOANING MONEY FAILING TO PAY BACK A LOAN IS FAR WORSE FOR A RELA- TIONSHIP THAN NEVER LOANING IT IN THE FIRST PLACE. ESTABLISH SOME I GROUND RULES, SUCH AS: DISH DUTY, ROTATING I CHORES, LOUD MLUSIC AT NIGHT, OERNIGHT GUESTS, AND STUDY TIME. DISTURBIr ESTABLISHA CHORE L OF September AEANLINESS ALL. CLEANING SCHEDULE JOSH MIKE MIKE JOSH RYAN SAMMY RYAN SAMMY we PAY The easiest way to collect money from your roommates. http://ohmyapt.apartmentratings.com/splitting-rent.html http://www.ehow.com/how_6881842_do-deal-insane-roommates_.html http://www.ehow.com/how 5766241share-house-expenses-roommate.html http://professionals.collegeboard.com/data-reports-research/trends/living-expense http://www.hercampus.com/dormlife/how-deal-roommate-money-spending-issues http://www.theeastcarolinian.com/lifestyles/why-your-roommate-matters-1.1538662 http://www.mainstreet.com/article/real-estate/renting/guide-splitting-rent-roommates http://professionals.collegeboard.com/data-reports-research/trends/living-expense/9-month http://professionals.collegeboard.com/data-reports-research/trends/living-expense/12-month http://ezinearticles.com/?Roommate-Finances---How-To-Budget-Your-Money-Better&id=382207 http://www.scholarships.com/Blog/roommates/got-roommate-problems-youre-not-alone/2326/ http://www.azfamily.com/news/consumer/alerts/How-to-budget-expenses-while-living-with-a-college-roommate-103s57574.html