The Hidden Costs of Adulting You Didn't See Coming
Surprised by how fast costs add up when living solo? Discover hidden expenses beyond rent—and how to dodge budget-busting surprises.
You finally get to make your own rules, decorate your space, and eat cereal for dinner if you want. Along with extra freedom comes responsibility — especially when it comes to money. You might already know about rent and groceries, but there are a bunch of other expenses that can sneak up on you if you’re not prepared. Let’s break down some of the hidden costs of living on your own so you can be ready for anything.
Starting with the Basics
When you lived at home, you probably didn’t think twice about flipping on a light switch or taking a long hot shower. But now, those things cost money. Here are a few basic utilities that you will have to pay when living on your own:
Electricity: This includes your AC, lights, TV, refrigerator, and more. Simple steps like turning off lights when you leave the room can help keep costs down.
Water: Every shower, dish, and load of laundry adds up. Some areas also charge sewer fees, which are tied to your water usage.
Gas: Often used for heating and cooking if you have a gas stove.
Trash and Recycling: Some places charge separately for garbage pickup.
These bills can vary depending on where you live and how much you use, so it’s smart to ask about average costs before moving in.
Extra Costs of Renting
Along with utilities, there might be other costs tied to renting that you might not have thought of.
Security Deposits: Most apartments require a security deposit before you move in. This is usually the equivalent of one or two months’ rent and is intended to cover potential damages. You’ll get it back when you move out—assuming you leave the property in good shape.
Renter’s Insurance: This is often mandatory, and while it’s not typically expensive, it’s still an added cost. It protects your belongings from risks like theft, fire, or flooding.
Maintenance Fees: Some rental properties charge maintenance fees for services like pest control, lawn care, or shared amenities like a pool or gym. These fees can vary widely depending on your location and the property.
Staying Connected
When you’re setting up your new place, it’s easy to forget how much it costs just to stay connected. Here are a few costs to think about when creating your monthly budget:
Wi-Fi: This is a must for most people, but it’s not included in rent unless your landlord says so. Internet plans can range from $30 to over $100 a month depending on speed and provider.
Phone: Your phone bill will include calls, texts, and cellular data. If you’re no longer on a family plan, you can expect to pay $30 to $80 per month or more. Consider prepaid or budget carriers to save money.
Streaming Services: Having multiple streaming services can add up fast when they are each $5 to $20 a month. Try to only use one streaming service at a time and cancel your subscription when you've watched everything on your list. That way you can easily keep track of the bills.
Cable: If you choose to have cable, you an often bundle this with your internet service for a cheaper price. However, cable can run you anywhere from $50 to $150 a month.
Getting Around Isn't Free
Whether you own a car or rely on public transportation, getting from point A to point B is another cost to factor into your budget. If you own a car, there’s more to consider than just the monthly loan payment. You’ll also need to budget for:
Gas: This will be your main recurring expense that will need to be included in your budget, especially if you commute to work.
Routine Maintenance: From getting new tires to needing an oil change, these costs can add up.
Unexpected Repairs: Start an emergency fund to help you save for these unexpected expenses.
Parking Fees: Some apartments charge extra each month for resident parking or reserved spots.
Planning for Everyday Essentials
When you’re starting out, you might need to buy more groceries and household supplies up front, so plan for a bigger first-month shopping trip. Let’s take a closer look at these often-overlooked expenses so you can budget smarter and avoid surprises.
Groceries: Food is an obvious expense, but when you’re responsible for your own groceries, the cost can be surprising.
Household Supplies: Toilet paper, dish soap, laundry detergent, light bulbs—these everyday items can really sneak up on your wallet.
Health and Wellness: If you're transitioning off your parents’ health insurance, paying for your own insurance can be a hefty expense. Don’t forget about costs like gym memberships, over-the-counter medications, or dental cleanings.
Taxes: If you’re working part-time or full-time, be prepared for tax deductions from your paycheck. Also, some states or cities have local taxes that might catch you by surprise.
Starting out on your own is a big step, and it comes with its share of challenges. Remember, it’s okay to make mistakes and learn along the way. Each unexpected expense is an opportunity to grow and refine your money management skills. So, take a deep breath, embrace the adventure, and celebrate this exciting milestone on your journey to independence! To a step-by-step guide to creating your own budget, read How to Create a Budget in 5 Steps.