Ready to get started? Sign-up now How to share renters insurance premiums In that case, you are also responsible for returning part of that deposit when they move out following your roommate agreement. If you paid the original deposit, you might ask your new roommate to pay a deposit to you. For example, if one roommate pays two-thirds of the rent, they can pay two-thirds of the deposit. There are a few ways you and your roommate can split the security deposit. However you decide to split your utilities, make sure to include it in your roommate agreement. ![]() Split utilities often include electricity, gas, and the internet. Roommates may agree not to charge the roommate for those months. Some roommates may choose to make short-term adjustments, like if one roommate travels abroad for a month or two and doesn’t consume any utilities during the duration. If you all agree that you consume differently, you may choose to divide the bill by percent of the bill rather than equally. These roommates may use more utilities than the others. For example, perhaps one roommate runs their window AC 24/7, or a housemate has their children visiting often. However, some divide the bill by consumption. Splitting utility bills with roommatesįairly splitting utility bills is usually straightforward. Some roommates choose to pay shared expenses using an expense sharing app such as Splitwise or Settle Up. All the receipts would then be added up and divided at an agreed upon interval, such as every other Friday (payday). For example, using the shared-receipt method, if a roommate buys a 12-pack of toilet paper, they would save that receipt or put it in a shared expense envelope. Or, you can all share receipts at the end of the month and settle it then. To share these expenses, you can shop once per month and split the bill. It may be easier if you and your roommates just share the cost of consumable goods.Ĭonsumable goods include cleaning supplies, toilet paper, paper towels, garbage bags or hand soap. Some roommates even choose to put a mini-fridge in their room to keep their housemates from drinking their favorite beverages. Many find it easier to keep food labeled and separate. Imagine trying to keep track of how much milk you drank or whether you made a sandwich for a friend. This makes splitting the grocery bills challenging.Įvenly sharing the grocery expenses doesn’t work out well in most roommate arrangements. Sometimes one roommate may like to entertain others often, or one roommate may live off of take-out alone. Splitting the grocery bill is difficult because most people have different appetites and food preferences. How to split grocery bill expenses with roommates For example, if one partner makes twice as much money as the other, they may be responsible for paying two-thirds of the rent while the other pays the remaining third.Īgain, whatever you decide, record that agreement in writing as part of your roommate agreement. While not common among roommates, some people who chose to live together, such as committed partners or family members, may portion the rent based on incomes. Lower if it’s arguably less of a benefit - e.g., small side balcony. Edge a bit higher on the percentage premium, in addition to the square feet, if it’s a significant benefit - e.g. We typically see a 10-25% premium added for the benefits. However, let’s say one of the rooms has a private bath or balcony. ![]() In this example, the mutual space is split evenly. Using the square foot method (based on $1900 rent for a 1200 sq ft apartment), the roommate in the smaller 144 sq ft bedroom may pay $745 per month while the roommate with the much larger master bedroom plus bath pays $1155 per month. It is obvious to most that if a roommate gets the master bedroom with a bathroom and perhaps even a balcony, that they ought to pay more than those with just a room. This is the easiest way to portion the rent, but it does not account for room size or other accommodations. Simply divide the amount of rent by the number of roommates and everyone pays that amount. Here are a few common ways to split the rent with roommates 1.
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