what would you do? once I move out, I'm going to move into an apartment w/ my best friend, and my fiance...we will probably split it to one paying rent, one paying utilities, and one paying groceries...I want to have enough just in case someone gets laid off, or if we get injured...what should I do? the savings would be over an 11 month period, so it is from $1200 to $11,000 that would be saved...what should I do?

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Expectations are not any different from limitations
Don't let people limit you to what they think you can or should do.

$500.00 Savings, $100.00 Checking.

For a normal person this is unrealistic, but if your parents take care of your gas for your car and your phone etc, it is definitely doable.

Post edited at 12:49 pm on July 20, 2008 by medjai

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Who dares wins. - Special Air Service

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$250 savings, $350 checking

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Might be awkward for your best friend to me living with a couple.

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This depends on if you have bills. If you don't have any bills:

$500.00 Savings, $100.00 Checking.

For a normal person this is unrealistic, but if your parents take care of your gas for your car and your phone etc, it is definitely doable.

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my parents are currently...so that is why there is the option...

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Expectations are not any different from limitations
Don't let people limit you to what they think you can or should do.

If you dont have to pay for your cellphone, or gas, then keep more in your savings.

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Department of Redundancy Department

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The way you are going to be splitting it up is going to be not the smartest way. Who ever gets groceries is the best deal, I would do all of it three ways, and I would try to save as much as possible.

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I agree- have all the household expenses pooled as far as value and then split the bills 3 ways. Where you live, can you deduct a portion of rent from income tax? If so, the gov't will need receipts or you get no benefit. IF everyone's name is on the lease, everyoen is responsible for the contract. Let's say you only - or maybe you and your GF- sign the lease. YOu friend decides in 6 months he is going to move out (the reason doesn't matter) - you'd be on the hook to the landlord for his portion. Also, you'd ahve to provide him receipts for his portion, which is not a big problem.

 And I'd suggest that you and your GF pay for your own food and your freind, for his own. Maybe even each individually. I don't know of any roomie-type issue that causes as much friction as "HEY! Who ate all the (whatever)?!" As well, you may have 1 or 2 who eat a lot of junk or convenience food which costs a lot more than "real" food. It's unfair for the 3rd person to subsidise the other 2. 3 way slpit might work for stuff like mil and bread but sooner or later someone will resent an imbalance -real or perceived - in food expenditures.

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A Parent, old geezer, and occasionally right. Good judgment comes from bad
experience, and a lot of that comes from bad judgment.

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we will probably split it to one paying rent, one paying utilities, and one paying groceries...

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If you have to estimate, then estimate, the point is, you tally up an amount and everyone pays 1/x of that amount, x being the number of tenants.

If the amount is short the first month, then fucking add the difference and divide that by x. Let everyone know you'll do this, after the first two months you'll have an absolutely solid understanding of how much food should be bought and how much everything is, and it'll be easy and you won't create rifts from unfair living arrangements.

I know that this method works because I've been in a condo where it was used.

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Who dares wins. - Special Air Service