![]() Connect with us online to learn about our residences and application process. You or your roommate should log the date next to each bill once it’s been paid to eliminate confusion and error.Īrdent Communities has several apartment and townhouse communities in Columbus, Ohio. Highlight the due date and amount or input them in a spreadsheet. Tracking expenses is a must, whether in a notebook or on a spreadsheet or app.Ĭollect your monthly statements and keep them in a communal space where everyone can find them. Good thing is that it’s blank and totally customizable so you can make this budget template work for you by writing in only the expenses you need to account for. This printable monthly budget worksheet was created with beginners in mind. You’ll have several monthly bills to manage, and you may encounter a situation where you or your roommate can’t remember if you paid. FREE Simple Budget Template Printable by Life and a Budget. For example, you take charge of rent and electricity payments while your roommate ensures the water and heating bills are covered. Or split up the bills per roommate and collect each other’s share after it’s been paid. That person should create a deadline for each roommate’s portion of their expenses to ensure everything is paid on time. Having one person pay monthly expenses all at once is often easier than separate payments from multiple people, which can lead to confusion and over- or under-payments.ĭiscuss who would best handle the expense schedule. Most rent and utility bills require a primary account to make payments. One person buys items for the kitchen, while the other purchases for the bathroom. Each roommate can buy their supplies or divide the supplies per room. The variable expenses can include costs like fuel, vehicle maintenance, tolls, and taxes. You could also split the cost of cleaning supplies. The fixed expenses in your spreadsheet can include vehicle payments, permit costs, insurance, licensing fees, physical damages, and other miscellaneous expenses. ![]() You may like to cook while your roommate prefers takeout, making it hard to determine what you need to fill your fridge and pantry.īuying your own food is an option, but will you finish things like milk and condiments on your own? Discuss which foods and beverages you’re willing to share and take turns buying those items. You and your roommate may have different eating habits and schedules. Working out how to pay for groceries might be tricky. He or she may wish for you to chip in for their subscription since you’re sharing the account. For example, you both watch Netflix, but it’s your roommate’s account. You’ll need to discuss who will pay for those services or if you’d like to split them evenly. Other optional expenses include internet, cable, streaming services and renters’ insurance. Rent and utilities like water, electricity and heating are commonly shared costs between roommates. Personal expenses such as car insurance, loans and phone bill.However, it’s an important conversation that should happen before you move in together.ĭiscussing the following will give you an idea of your roommate’s finances: Personal finances are a sensitive subject, even if you’re talking with your best friend.
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