Roommate Expense Spreadsheet

The roommate expenses spreadsheet is a simple Excel document that helps you organize each roommate’s responsibilities and monthly payments. This document enables you to save money while living with roommates.

Download the free roommate expense template here on this website. Having a roommate is most excellent to cut down your expenses however may be hard to handle all expenses in the greatest manner. It is a difficult job to discover out whether other folks living with you paying fair share or not. Roommate expense is one of the finest tools to stay track of all expenses incurred by you & other roommates.

Roommate expense spreadsheet permits you to enter all expenses like foodstuff, grocery & utility bills in one place & after that, you can divide them into equivalent parts according to the figure of roommates. Roommate expense is something most excellent planned to assist simplify group finances, give confidence on-time payments & put off embarrassed roommate quarrels. You may also like Restaurant Profit and Loss Statement Template.

The most vital feature of living together in a room is learning how to share monetary tasks and utilization of a cautiously made roommate expense is finest & suggested way to do so without the expenditure of time & money. A fault-free roommate expense can be set naturally using the below-given roommate expense excel template. You should also check the Hotel Reservation Template.

Managing different and various financial dealings with roommates could be very tiring however make use of roommate expense template permits you to stay prepared when living in a room with other people. There can be numerous causes behind living in a room far from house & study is one of them but how to manage money related affairs with roommates? Yes, making a roommate expense spreadsheet is the most excellent solution to this difficulty.

You can keep track of all operating costs just like room rent, utility bills, foodstuff cost, laundry & other tiny expenditures, etc in this roommate expense sheet. For more detail and information stay active with us and get it free of charge. You may also see Conference Room Scheduler Template.

What to split with a roommate?

It would be best to split utilities, household supplies, internet, and rent with your roommate. You may divide them evenly or use a percentage depending on your circumstances. Moreover, use the spreadsheet to adjust the split percentages and to track your monthly expenses.

Splitting rent

If all the rooms in your apartment are similar in size and have the same amenities then divide the rent by the number of roommates. It is the easiest way to split the rent with your roommate. On the other hand, use the square footage method if the rooms have different sizes and different features.

Splitting utilities

Split the utilities evenly if you didn’t include them in your rent. You can’t calculate how much electricity, water, or gas each roommate uses irrespective of the amount of space a roommate occupies in the apartment. Usually, a roommate occupies a larger space in the apartment and has a high daily electricity consumption. So, it would be better to split utilities using a percentage that you feel is fair.

Splitting household supplies

Split household supplies such as paper towels, dish soap, and cleaning products evenly. Also, split the cost of toilet paper evenly no matter if each roommate has their own bathroom. Furthermore, keep shared household supplies on a separate tab while buying. This way, you can avoid the difficulty of going through a receipt. To split the total on your roommate’s budget, you also don’t need to add up the cleaning supplies and calculate tax.

Splitting groceries

Sharing groceries makes a lot of sense if all the roommates have similar schedules, similar diets, and often cook and eat together. On the other hand, it would be better to keep groceries separate if you and your roommate do not eat the same foods or cook together.

Roommate Expense Spreadsheet

FAQ’s:

How should I share expenses with my roommates?

First, you need to create a list of apartment rules with your roommates. Everyone must agree on how to handle monthly rent payments and how to share food, utility, and furniture costs. Use a roommate expense spreadsheet to split expenses.

What expenses can I share with my roommates?

The shared expenses include the following;

• Rent
• Utilities
• Groceries
• Household supplies

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