Moving out for the first time is extremely exciting. It can also be a bit overwhelming, especially if you haven’t had a lot of responsibility before in terms of living on your own. But in between the excitement over finally snagging your own place and the apprehension over having to leave your comfort zone, is a list of things that need to get done in order to make moving out for the first time as seamless of a process as possible. Check out these 5 tips that are designed to help alleviate the stress and dissolve the mystery of moving out for the first time.
Get your finances in order
Let’s start with one of the most stressful parts about moving out for the first time: financing your new life. Even if you have a job or student loans to help you out, it can still be incredibly worrisome to suddenly take over the task of not just paying your rent but also paying to stock your fridge, keep your electricity and internet running, and to buy all of the home essentials that somehow magically appeared in front of you before.
Start by tracking your monthly income and find out what your average monthly expenses are. List off non-negotiable payments like car expenses, groceries, phone bill and more. From here look at how much income you will need and how much you can afford and want to spend on rent.
Figure out how much you’ll have left over after rent, and then subtract utility costs. The utilities you are responsible for depend on where you’re living and what’s already included in your rent, but may include water, electric, gas, internet, and phone. Do some research to find out what water, gas, and electric tend to cost each month in your city and pick a phone and internet plan that are comfortably within your budget. As for what’s left, you’ll need that for other essentials, like food, toiletries, and transportation.
Don’t get discouraged by this process. It can be frustrating to see your budget dwindle as you take out more and more responsibilities associated with living on your own, but it’s better to know what you’re working with than to overspend and end up in a sticky financial situation.
Secure a steady job
Now that you are evolving into young adulthood you probably feel like you have a lot to learn, and no place will teach you faster than the workplace. Most young adults start off in entry-level positions in industries that are not known for large paychecks. However, do not let that discourage you, use this job as an opportunity to showcase and build your talent.
Keep in mind: If your entry-level job does not cover rent, maybe it is not the right time to move out. Start your job and create some stability before you move out of your parents’ house.
Find a suitable place to live
Now that you have your finances in order and have secured a steady job, it is time to find a place to live. It may take time to find the right place for you to call home. Do not rush it, there are plenty of places you can search for a new apartment online, consider starting with your social media profiles. Get the word out and let family and friends know you are searching for an apartment with great rental rates. Make sure to let them know the location you are looking to live and your desired price range. In addition to family and friends you can utilize websites like Craigslist and Apartments.com.
Be sure you stick within your rent budget. It can be tempting to choose an apartment slightly out of your price range because it is nice, but you will likely regret it down the road. Search for a location that is close to work or other areas of interest. And lastly, make sure your home is safe. If the rent seems too low, check the crime rate in the area before signing your lease.
Practice good habits before you move out
You may have been living an easy life without having to do too many chores or watch your budget while living at home with your family. It is time to start changing those habits to make the transition easier down the road. This can be an easily forgotten step in how to move out smoothly.
Before moving out pay attention to your cleanliness habits and step them up a notch. Track your spending and start sticking to your budget now so you can have an accurate picture of your spending habits before moving out. If your parents have been buying all your food start buying some for yourself and easy yourself into food preparation.
The most difficult part perhaps could be setting yourself up with a daily routine. Prepare yourself for entering the work world. Set an alarm clock for earlier in the morning to make the adjustment a little easier on your previous sleeping habits.
Do not be afraid to ask your parents for help
They’ve likely done this before, at least a few times, so they’ll be able to help you understand what to expect. Ask them to help you map out anticipated moving expenses, including all the little things. They may also have some input on what you should do before moving out of their home.
They are probably going to miss having your around – give them the opportunity to take care of you while they can and just make them feel good!
So, whether you are moving out to attend college or its time to start your new journey to young adulthood these first few steps can help you get on your way. Remember we are always here for you as you evolve into your next chapter in life. Set up an appointment with one of our credit union experts and discuss our savings options that can set you up for a bright financial future!
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