DD and her 2 roommates for next school year have started looking at some apartments in the university area. Three bedroom's seem to run about $1200 a month and include water and garbage utilities. They also come with a washer and dryer. Adding in her share of electricity and internet (they aren't going to get cable as none of them watch tv much, other than netflix) and estimating for food, we are estimating her monthly costs to be less than $700. Currently, her university room and board runs about $1200 a month. She will save $500 a month and (hopefully) be in a much happier living situation.
She will need to pick up a new mattress and bedframe, as she wants a full sized bed and not take her twin bed from home. She is able to contribute a coffee and end table and one of the other girls a couch. She has a set of dishes, pots and pans and some other kitchen items. They will also need to find a used dining table and chairs. It sounds like Craigslist and Ikea will be their friend next summer while they try to furnish an apartment.
She's so cute as she was messaging me about it all. She said she wished I was there to go look with her. She thought she should be looking for her first apartment with her momma! :-)
And while she is researching and preparing for that, her boyfriend just got approved for a mortgage to purchase a home. He's currently looking at a townhouse here in town. He spoke to his banker today and with the amount of down payment he will be able to put down his monthly payment on the townhouse would be only $500. You can't rent anything around here for that (maybe a room somewhere) so he's planned well the past 4 years he's been working a good job and living at home and putting money away. Kudos to him. He's really got his act together.
He's pretty much gone head over heels for my daughter, it appears :-) They've only been "officially" together a little over a month and on their one month"anniversary" he told her he looks forward to many more months and years together. He treats her with so much respect. I didn't know there were young guys like that anymore LOL. It's very refreshing to see and she deserves to be treated like she is the sun and the moon and the stars.