Retirement Community Expense Sheet - Living at Home
Most people are aware of what it costs them to live in the community and wonder if or how they could afford a retirement community. Many communities offer a financial comparison worksheet. You add up your current expenses along with the value of your home and translate it into alternative living costs. Many people are quite surprised as to what they could afford.
| 1. Utilities | ||
| Water | $_____ | |
| Electricity | $_____ | |
| (Including air conditioning) | ||
| Gas / fuel oil | $_____ | |
| Trash collection | $_____ | |
| Food and groceries | $_____ | |
| 2. Property taxes | $_____ | |
| Mortgage or rent | $_____ | |
| 3. Insurance | $_____ | |
| 4.Domestic services | ||
|
Housekeeping |
$_____ | |
| Lawn/garden/leaves | $_____ | |
| Snow removal | $_____ | |
| Maintenance, repairs | $_____ | |
| (roof, furnace, appliances, painting inside and out, carpet cleaning) | ||
| Water softener | $_____ | |
| Association fee | $_____ | |
| Home security | $_____ | |
| Transportation | $_____ | |
| 5. Home care | ||
| Life Line | $_____ | |
| Home care medical costs | $_____ | |
| (do not include prescriptions) | ||
| Meal preparation | $_____ | |
| (or eating out) | ||
| 6. Entertainment | ||
| movies, classes, cable TV | $_____ | |
| 7. Invisible mortgage | $_____ | |
| The "invisible mortgage" or "lost interest" is 5% of the selling price of your house $__________ divided by 12 months. If you stay at home you are losing $____________of investment income, per month. | ||
| MONTHLY TOTAL | $_____ | |