Simple Ways to Split the Bills with Your Roommates

Whether you like it or not, you will definitely receive monthly bills. Obviously, it is one of your obligations for you to pay. And if you are living solo, this might be a challenge for you especially when you are on a tight budget. That is why more and more people now prefer to live with a roommate. They even like it when they have a lot of roommates for them to have big saving when it comes to splitting the bills.

However, this is also one of the things why most roommates would misunderstand each other since they don't understand how and what to do when it comes to the splitting of the bills. Yes, it is not just about paying your monthly dues, you also have to make sure that you know how to divide or split the amount fairly for you to avoid any misunderstandings later on. And if you are one of those people who are living with a roommate in Park Point Residences or any other real estate properties, then you might want to refer to these tips below on how to split the bills with your roommate effectively.

Rent

When it comes to the bills, the rent is one of the top priority lists you should not take for granted. And this is also one of the things most people tend to be confused on how they are going to split the bills. For some, they would divide the rent by the number of individuals renting the place. While others, they would split the rent through the size of their rooms. If you have a bigger room, then you are going to pay more than the other. However, there are also some people who would split the bills regardless of who has the bigger space than the other. Well, it will definitely be up to you on how you decide when it comes to paying the rent.

Utilities

Obviously, you and your roommates used the same electricity every time they want to use it. Right? Of course, it is not just about the electricity but also the internet connection and other appliance you have at home. You can't basically count how much electricity you used each month unless you are keen on it. That is why they will most likely split the bills through the number of roommates they have at home.

Other shared expenses

There are actually a lot of other shared expenses you usually share at home – things such as the cleaning materials, laundry, paper products and other things that you share at home. Perhaps, one of the things most people do is to have an alternate payment of each week. For instance, you are going to pay for those things for this week, and the others are for the following week. But of course, you can also go for a fair split. Whoever will use that particular thing, then he or she will also take part when it comes to the payments of it.

Groceries

Groceries are one of the things that you should know how to split the bills with it. Of course, you don't want to have a shortage of food since you don't have any budget left for having a grocery, Right? That is why it is best for you if you know how to be keen when it comes to money budgeting. Make sure that the money that is allocated for the grocery will be enough for all of the roommates.

Keeping track of bills

This is one of the most important things for you to do – to keep track on the bills. Of course, you don't want to be shocked when it comes to receiving the monthly bills that you have to pay. Well, you can make sure through keeping the track on the previous payments that you had before. And if you think that there is something wrong with it, at least you have the proof for you to show to them.

Image Source