MY STRATEGIES ARE:
START UP COSTS / SAVING FOR LEAVING CARE
The personal budget you have established in the previous sections targets ongoing living
expenses that you will be responsible for once you are living independently. You will
also have to save some money before moving out on your own. The amount of money to
be saved depends on your plans for life after care. In the following exercises, we will
assume that you will move into your own apartment. However, if you have definite plans
to move in with a roommate, you could divide all costs by half.
How much money do you think you will need to move out on your own?
Let’s evaluate your estimate by taking a closer look at the start up costs associated with
living independently.