Living with your parents can be a great experience. It can help you save money and save you a lot of stress. But there comes a time when you’re ready to leave because after all, this is supposed to be a temporary situation.
This can be a scary realization to come to but we’re here to help you take that leap out of your parents’ home and into your own!
Keep reading to learn the best tips on how to prepare to move out.
Talk It Out
Number one is communicating with your parents. You want to handle this situation with care and maturity so don’t blindside them and just leave out of nowhere.
No matter what your living conditions are like, you want to be respectful since they did let you stay for an extended period of time. By giving them a heads-up, they can even help you find a place and make your move a little easier.
Create a Plan
Now that you’re sure that you want to move and have made it clear to your parents, it’s time to develop a moving plan.
Moving out can take a while but generally, people give themselves three to six months to leave. We recommend creating a six-month plan and being as specific as possible. It’s always better to over plan and give yourself a longer time period than to under plan and be disappointed.
Whatever timeline you decide to give yourself just make sure you stick to it!
Save, Save, Save!
This is the most obvious step but can also be the most difficult. It’s very important to save up before stepping out on your own. In fact, it’s recommended that you earn three times your rent.
Most landlords follow the rule of tenants earning three times their rent so keep this in mind when apartment or house hunting.
Saving is also helpful because you want to give yourself a nice cushion before moving out. Afterall your place is more than just rent, its furniture, bills, and maintenance depending on where you move. You’ll want to be prepared to handle whatever life throws at you before you leave, and we do mean whatever.
Along with saving, you should also create a budget. Take a good look at your spending habits and see where you can cut costs.
Budgeting can help you save even more money and help increase your credit score which will make for an easier move. Take time when creating your budget and be realistic about what you can cut back on.
You’ll also want to include rent prices in your budget. It’s a good idea to create your budget as if you have your own place already to get an understanding of what you can afford. This way you’ll have a good grasp on how to handle your finances when you move.
Now You Know How to Prepare to Move Out
We hope that our tips gave you more insight on how to prepare to move out of your parents’ home. If you found this helpful, make sure to check out our website for more home and lifestyle articles!