« First Housing Tentacles | Main | Demonstrating the Power of Jing »

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Judy

If you want to do this "right" (i.e. really see how much it costs to live at whatever standard of living you intend to over the next few months) then you should do some of this bean counting that Gilda is advocating. Otherwise, it's easy to sneak in all sorts of "extras" that a permanent resident in the West End living on $800 a month wouldn't have access to.

These extras might include the things you've already mentioned (use of someone else's washer, using your house on weekends: lodging, meals, electricity, heat, water, computer, etc that are all paid for by JF's salary rather than your $800.)

To avoid constant bean counting, I would anticipate the most likely of these and pre-assign them a cost. Take a look at what you normally spend on food in a week or a month, for example, and divide by the number of meals you get from it. That gives you an "average" at home meal cost. Look at your electric and water bills and calculate a daily amount, then divide it by two, since both you and JF will presumably be there. Don't forget things like your mortgage payment, your house and car insurance, internet provider, cable service, mileage cost on the family car - basically each of your household bills. Get a daily cost for each. This is an interesting exercise for anyone - how much does it really cost each of us to live each day?

Eventually, you'll come up with a total "day-away-from-apartment-at-home" cost. It might be more than you think, such as $45 a day. THAT is your real subsidy if you spend time at home. But you only need to calculate it once - not every time you spend a day. And if you decide to barter for some of it, it also gives you real figures to work with. Might actually be fun, and I'm sure you'd learn a lot.

The comments to this entry are closed.

My Photo
Blog powered by Typepad