Living Alone - Moving Out Of Your Parents' House

You finished school and are about to move out of your parents house for college or work. Or maybe you live alone already?

For you who already experience living alone:
What are pros & cons?
What are problems you only face while living alone and how do you deal with them?
What are the best and worst things about living alone?

For you who want to live alone, or are about to move out of you childhood home:
What do you think about living alone?
What are you looking forward to, what are you worried about?
What do you expect living alone to be like?