How to move out at 18 and Afford it

How to move out at 18 and Afford it
Written by: Irina P.

      So you’ve decided to move out on your own but aren’t sure where to start, after all there’s so many things you have to account for, so many things that could go wrong. So how exactly do you move out? Well first things first you should make a checklist of all the things you’re gonna need: apartment, job, car, insurance, etc. Moving out can and most likely will be very pricey. Therefore you should make sure to get a job at least a couple years prior to when you plan to move out.

   From doing some personal research I found out that you should have at least around 5k in your bank account by the time you move out as apartments on the cheaper side cost around 500 a month as well as a car costs around 3k at least. There’s also such things as food, furniture, personal care items, clothing, etc that you should worry about. Sure some things you will already have but some things you will run out of. Also from talking to some friends who have already moved out I found out that you should save enough money to have some backup cash for a possible month or 2 of unemployment. Meaning you should always have some money for a bad day.

          Also start looking for a better job before you even move out. You probably also have a job, but will it be enough for your lifestyle? There might be a lot of job openings, but employers are getting pickier with who they hire. If anything you could just have more interview practice for a job you don’t want. More likely, you’ll get a sense of what jobs you wanna do, what positions employers seem willing to hire you for, and whether there are certain skills you’d like to buff up before you leave home.

      Once you have everything figured out the final step would be to set a date and move out. Whether you get movers, or move out yourself, you should set a hard date for when you decide to move out. Start apartment scouting a few months in advance, to understand costs of the apartments you want, and to adjust your expectations if necessary. If you need to ask your parents for a short-term loan to get you off the ground, be sure to clearly document the agreement and its terms, and resolve to stick to them.

Works Cited

“How to Move Out at 18 and Afford It [with a Checklist].” The Money Boy, 6 May 2020, www.themoneyboy.com/move-out-and-afford-it/.

“A Millennial's Guide to Moving Out of Your Parent's House.” Money, money.com/millennial-moving-out/.

White, Marian. “How to Move Out of Your Parents' House in 13 Easy Steps.” Moving.com, Moving.com, 18 May 2018, www.moving.com/tips/how-to-move-out-of-your-parents-house-in-13-easy-steps/.