Tips for splitting the costs of moving with your roommate

If you and your bestie or significant other are planning on upgrading to a bigger and better apartment together, then congratulations! Not only is this a testament to your bond, but it is also a huge step in your life.

However, if you have ever moved before, then you know already how expensive the costs of relocating can be. Whether you are both splitting a storage unit, changing your apartment to free up more storage space or simply want a change of scenery, you will both need to figure out what the game plan is when it comes to finances.

To avoid stress and possible conflict, try these great moving tips:

Go the 50-50 route: If you are both roughly on the same page in terms of lifestyle and jobs, then this could be an excellent option that lacks a lot of fuss. If you do choose this option, be sure that you figure out all of the parameters beforehand and document all of your bills and expenses so that you are both in the know.

Divide certain costs and deposits: Not everything in life is always 50-50, however. For example, if you own a dog, your roommate will likely expect you to pick up the full share of the pet deposit. Likewise, if your roommate takes up the most amount of space in your shared storage facility, you might suggest that he or she take three-fourths of the rental fee.

Turning on utilities: Just like your moving costs and storage unit fee, you will have to decide how you will both divvy up utilities. Like the aforementioned points, you can split everything 50-50, or you can divide these depending on who uses to service more. For example, if you work from home or use the Internet much more frequently, you might pick up the cable/Internet bill, while your roommate picks up the water, gas or electricity bill.