October 13, 2006, Newsletter Issue #36: Costly Living
Tip of the Week
The cost of living is an important consideration for those hoping to relocate. Before you decide to move, you'll need to determine the affordability of such a venture.
Ask yourself the following questions:
How much is the average rent in the proposed area?
What are the average pay rates in my field?
What are average commuting costs like?
Will I have to pay utilities?
Will I be able to save and also have money to enjoy my surrounding?
It's important to make sure you'll be able to meet all your bills and still have money left for saving for a rainy day and having fun. As you answer roommate-wanted ads, ask potential roommates for details about the cost of living in their East Coast towns and cities. There are also handy cost of living calculators available on the Internet. Keep in mind, however, that you won't have to shoulder all costs alone, since you'll be living with a roommate.
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