Moving Out of Home- Useful Tips For Young People
The fact of moving out of home when you are a “first timer” can be stressful and a little concerning. Making the transition into independence and moving out of home is a massive step towards adulthood.
Regardless of when you’re planning on spreading your wings and leaving the nest, or why, you’ll most likely feel just as nervous as you are excited for the next chapter in your life.
So, if you finally feel like moving out from your parents’ house and have already made the decision, here are some useful tips you should consider when moving out:
1.Find the right place to move into
There are lots of factors to consider when it comes to choosing a place to move into and who to live with. Many young people live with housemates in order to split the cost of rent and bills such and internet, gas, and electricity. Although it may seem like a fun idea to move in with your best friend, it’s also important to live with people who are responsible and have both feet firmly on the ground.
- Set a Budget
If you want to be independent and live alone, you need to prepare your wallet, set a budget and save some money before all your upcoming plans. Make an idea of how much you’ll need to spend in a week, so that you are able to budget accordingly. As well as budgeting for groceries, you’ll need to have a think about bills and any unplanned expenses that may come up.
Here’s a good example of household and basic expenses
- For Home: Rent or mortgage, maintenance or repairs.
- Your Car: Payments, fuel, insurance, maintenance (if you don’t have a car then, consider the transportation expenses.)
- Home utilities: Electric, water, gas, internet, phone (or mobile phone) bills.
- Food: Groceries, home snacks, dining out.
- Personal Care: Clothing, medical expenses, etc.
- Extra activities: Trips, gym, entertainment, gifts, etc
- Have an emergency savings fund
Do you know what an emergency fund is? Well, these are savings or funds that are destined or designed to cover a financial shortfall when an unexpected expense crops up. Unexpected expenses may include losing your job, paying for a health emergency, having an unexpected car repair or the need to travel.
- Don’t be afraid of asking for help
A little bit of help every now and then can go a long way, being new to full independence doesn’t mean that you have to struggle alone. If things are becoming difficult for you after you move out, don’t be afraid to ask your friends and family for help.
Ref: Lifehack.org
