Roommate Finances - 10 Tips For Managing Your Living Expenses

"Roommate Finances - 10 Tips For Managing Your Living Expenses"," The key is having a strategy that lets you take control of your finances while creating strong relationships within your household.
 It lets you choose the right roommates, track your expenses and solve any financial issues as they arise.


 This includes assessing how much you would like to allocate to roommate expenses.
 Use An Accounts Book

It's important to keep a small Accounts Book where you document and keep the receipts for the payment of expenses each week or month.


 This is especially important when paying by cash as these receipts are evidence that you paid your expenses.
 Keep A Financial Diary

You should record any changes to the payment of bills like rent increases, the amount of bond you have paid and the details of any disputes about money in a diary or notebook.


 These answers will help you choose roommates that have a similar view to you about finances.
 Choose Similar Roommates

Living with roommates that have a similar view to you about money and expenses lets you create a cohesive living environment where any issues or misunderstandings are easily solved.


 It can help you decide if they are the right roommates for you.
 Expenses and New Roommates

Before moving in, you should work out with your new roommates how expenses will be paid when living together.
 Talking about finances before moving in lets you solve any issues without financial consequences.
 Financial Disputes and Issues

If there are any disagreements or issues about the payment of expenses you should talk directly with your household's bookkeeper.



 You should enter the details of any additional expenses into your financial diary.
 It's all about re-evaluating or making a few changes to your expenses so that you'll see more than spare change in your purse or wallet.