Cost of Living

Money

Before signing a lease and legally binding yourself to a contract there is a lot to keep in mind.  One has to make sure he/she has saved enough money or has the proper income to afford living off-campus.  Before signing a lease make sure you read the fine print, know the costs, and are aware of outside expenses.

 

 Keep in mind monthly expenses

  • Rent
  • Utilities (Water, Electric, Cable, Internet, etc.)
  • Laundry (Depending on where you live)
  • Parking (Depending on where you live)
  • House Hold needs (cleaning supplies, food etc.)
  • When considering the cost of living in college, do not pay too much for rent! 
  • Rent should not be more than 20%-30% of your monthly income and if it is, you may have chosen a place that is too expensive.

Look out for the one time fees

  • Installation fees (Internet Router, Cable)
  • The turning on of water, electric etc.
  • Security Deposit

Money should not stressful, so here are tips to make sure this does not become a problem!

  • Plan Ahead: create a budget so you do not over spend
  • Divvy up the expenses between your roommates equally
  • Assign one person to collect the money to pay the bill all at one time
  • Record you’re spending so you can see exactly where your money is going

Student Money Management Services is a great source and guideline to help you map all out of your expenses.. This is located on the official BGSU website.
Click Here to Visit!