Level 4 · ages 16–18OECD PMSpend
Spending when living independently
🎯 Goal: List costs when living alone (rent, utilities, food, transport) and balance them within income.
Living alone adds costs: rent, utilities, food, transport. List them all and balance so spending stays within income.
Let’s explore
🏠
The biggest cost is usually rent — keep it ≤ ~30% of income.
💡
Do not forget fixed costs (electricity, water, internet) and a reserve.
⚖️
Total spending must be less than income; if short, cut variable costs.
Practice activity
🧮 Income 8M/month: rent 3M, food 2.5M, transport 1M, utilities 0.5M — how much left to save?
Worked example: Income 8M. Spend: 3 + 2.5 + 1 + 0.5 = 7M. Left 8 − 7 = 1M to save/reserve. Rent 3M ≈ 37% — a bit high; could find cheaper.
Quick quiz
1. The biggest cost living alone is usually?
→ Rent
2. Income 8M, spend 7M, left?
→ 1M
3. Total spending should be?
→ Less than income
4. If short on money, cut?
→ Variable costs (eating out, fun)
5. Living alone, do not forget?
→ A reserve and fixed costs
🎯 Real-life mission
List the monthly bills you’d face if living on your own.
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