<img src="https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=5C8hi1agq800qI" style="display:none" height="1" width="1" alt="">

August 07, 2025

    It's Not Just Rent: Factor These Expenses Into Your Monthly Budget

    You probably know this by now, but your monthly rent payment doesn’t cover your entire cost of living. Rent pays for a roof over your head, but there’s a lot more that needs consideration. 

    When creating a detailed budget, consider all the areas where your money is spent, including utilities, transportation, investments, and more. The key to a successful budget is accounting for every dollar you spend. You must include all of your financial responsibilities, including rent, so let’s take a deeper look at those expenses now.

    Cozy, neutral bed on light-colored wooden floor with stack of books topped with a small lamp sitting nearby. Photo by pixelshot via Canva.com

    Utilities at a New Duty Station

    As a military member, you'll want to factor utilities into your budget. The cost of utilities fluctuates from location to location.

    For instance, Arkansas tends to have a lower cost of living. An electric bill there will average $131 a month, compared to Hawaii's $250. Compare other utilities like gas, and you’ll notice that there’s a vast difference. The average gas bill in Arkansas is $79, while in Hawaii it averages $150. So, when you’re acclimating to a new duty station, it’s key to look beyond the rental price on a home and understand the true cost of living. And while the military provides COLA (Cost of Living Allowance) in some locations, it doesn't always cover all extra expenses, especially with inflation on a rapid incline.

    In addition to your research of the area, ask the landlord or property manager about the average cost of utilities from previous tenants. While their answer may not correspond directly to your usage, you can get an accurate idea to factor into your budget and make necessary adjustments once you’ve settled in for a couple of months.

    Utilities you can expect to add to your budget: 

    • Electric
    • Gas
    • Water 
    • Internet service 
    • Renters' insurance 

    Rental Security Deposits

    Deposits are sneaky, aren’t they? Here’s why. We all expect to pay a security deposit when we sign a rental lease. However, after a move, especially after a Personally Procured Move (PPM), our finances may suffer. Between the cost of moving (travel, eating out, and lodging), our accounts feel depleted after a PCS move, and then we’re met with a lump sum expected to secure our next home.

    Types of Deposits a Renter May Experience: 

    1. Security Deposit

    It’s refundable, so we don’t always think much of it. However, a security deposit can be a significant amount upfront and should be factored into your budget when calculating a healthy rent-to-income ratio. But it’s fairly simple to determine, as landlords often require the first month’s rent as the deposit.

    Some states don't limit how much a landlord can charge, while others cap the amount. It could be one month, two months', or three months' rent, so it's a must-know. If you don’t think that the amount your landlord requires for a security deposit is fair, you can check with your state's laws to ensure that it’s legitimate.  

    2. Pet Deposit

    If you have furry little friends, there’s a good chance that the landlord will require a pet deposit. Some require a deposit per pet, which can be refundable or non-refundable. While you should expect some form of deposit, there’s often wiggle room on the topic, and it may be worth negotiating these variables with the landlord. 

    For instance, instead of doubling your deposit for two dogs, ask that you pay for one. You may also consider agreeing to double the amount for their peace of mind, but request that it be refundable at the end of your lease.

    Read more: 


    Woman wearing denim jacket, glasses, and gloves pushes orange shopping cart and reaches for item on top shelf in grocery store. Photo by Gustavo Fring from Pexels via Canva.com

    The Cost of Supplying a New Home 

    Replacing all the cleaning products, kitchen staples, and household necessities for your new home adds up. It’s not just another grocery trip; it’s double and sometimes triple your average visit to the commissary or Costco.

    For your first month at your new home, add a separate category to your budget for resupplying or inflate your grocery category to accommodate the added expense.

    Items you may need to replace: 

      • Cleaning products
      • Laundry soap
      • Bathroom supplies 
      • Spices 
      • Condiments and kitchen staples

    Commuting Costs

    Consider the cost of gas and public transportation at your duty station. In locations like California, fuel costs will be a large part of your budget, depending on how far you live from the base and how far you need to drive. In cases like this, it might make more sense to live in a more expensive home closer to work than in a less expensive home further away.

    Budgeting for Groceries 

    Groceries may be the largest component of your budget, second to rent. According to U.S. News Money,  a moderate budget for a family of four is $304 a week or $1,318 a month. That largely depends on where you live and what you eat. If you add more people to your family, that number only increases, of course. 

    If you’re finding it nearly impossible to keep up with the rising cost of food, check out these Military Financial Relief Organizations designed to help.

    Long-Term Financial Goals

    In addition to your cost of living (rent, utilities, and groceries), you need to consider your financial goals. A rent-to-income ratio calculator can help you determine how much to spend on rent or a specific lifestyle.

    Here are a few things to consider:

        • How quickly do you want to pay off debt
        • How much do you want to put toward military retirement?
        • How much money do you want to put into investments?
        • How much money do you want to contribute to your children's college tuition?
        • How much money do you want to spend on your lifestyle (eating out, traveling, visiting attractions, etc.)?

    Budgeting for monthly expenses isn’t the hard part; sticking to your budget is. Creating a healthy budget that accounts for every dollar spent often means that you can’t buy whatever you want when you want. It requires discipline, intentionality, and (sometimes) sacrificing a few luxuries. And while it can feel restrictive, a budget helps you think ahead toward the future and keeps you from spending more money than you have coming in.

    Ways to reduce spending:

        • Buy generic brands
        • Stick to your list 
        • Change your thermostat and use the ceiling fan 
        • Downsize your rental
        • Cancel unnecessary subscriptions

    Ready to look for a rental home in your price range? Click the image below and find houses for rent near your next duty station! 

    New call-to-action

    Woman in black jeans and pink sweater carrying a plant and blanket walks with man into room filled with moving boxes with text, Factor These Expenses Into Your Rental Budget

    Danielle Keech

    Author

    Danielle Keech

    Danielle Keech is a writer and content creator for MilitaryByOwner Advertising, where she illustrates aspects of military life in articles and video content. Whether she's diving into budgeting tips or featuring the next dream home, Danielle keeps it real for fellow military families navigating PCS chaos, tight budgets, and new beginnings. Married to her Marine for 14 years, she's mom to four spirited kiddos (and one loyal pup), and has called everywhere from Florida to Okinawa home, though Hawaii still holds the top spot. Danielle has PCS’d nine times in ten years and still sees each move as a new adventure. She thrives on creating content that supports the community she’s proud to be a part of.