Describe the financial implications of moving into your own place to live and explain how a budget can a person successfully live on his or her own

Living alone seems to be fun and exciting especially when you see its benefits like the most obvious one which is privacy. But before nestling on your lovely abode, there are some implications that one needs to bear in mind. The expenses when living alone is very high since the payment of rent and utilities is entirely yours. Budgeting is really necessary and is helpful to someone who is living independently in order to keep track of the expenses, to have enough money in case of emergency and to have savings as well.