Being an adult isn’t easy. Not everyone has the privilege of being born rich or having their parents still support them after they go off to college. Thus, here are some of the costs of being an adult:
Like I said, not every parent will keep on supporting their child after they turn 18, even though they are obligated to. For all the parents out there, if you have a child, you are obligated to support them until they are able to support themselves. Anyway, when you turn 18 and get into college, it’s a great deal of struggle for the next couple of years until you get a job. In college, not only do you have to pay tuition fees but as well as accommodation, food, water, textbooks and even transport if needed. That doesn’t include all the college events you’ll have to chip in or maybe assignments that require a bit of extra money to fit the requirements.
Your First Car
Either before you start your studies or as you get into the working world, you will need a car or any sort of transportation. Sure you can stick to riding public transportation every day, plus it’s cheaper, but the thing is, not everywhere has public transportation. We’re still at a point where not every single location can be easily accessed by public transport. Yes, it’d be easier and cheaper and it’ll save the earth but we haven’t got there yet. So, if you live in an area where public transportation is not easily accessible, you would need a car and those don’t come cheap. It’s especially hard to get a car when you don’t have a stable income yet. So, it’s best to wait until you’re working with consistent and good pay so that you can apply for a loan, get the car and try your best to pay off the loan bit by bit each month.
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Your First Home
If you’re studying somewhere that isn’t near your home, you’d surely need any means of accommodation, right? Be it an apartment or a house, that certainly does not come cheap. Unless your university has accommodations for students, you would have to find a place to stay on your own. The best way to do this is to rent a whole apartment with a group of your friends. You get to live in an apartment and split costs with your friends. Or, if your friends aren’t up for it, you could simply rent a room in a shared apartment. It’ll be a little uncomfortable at first since the common areas are shared but it’ll be fine after a few days.
When you get into a relationship and get married, you would surely want to live with your wife in your own home and not share with your parents, right? So that’s already a huge chunk of money. Other than that, when you start a family, you would have to spend so much on your children, especially when they are newly born. Products for babies Malaysia is one of the many things you have to spend money on. Then you have to support your family in any way you can and that costs a lot throughout the years.