If you’re moving out for the first time, you’re probably feeling a mix of excitement and anxiety. Moving out is a big step in adult life, and the right time to move out is different for everyone. Taking these tips into consideration can help make moving out as stress-free as possible and ensure that everything goes smoothly on the big day.
Calculate your expenses.
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Living on your own can be expensive, so it’s imperative to organize your finances before moving out. According to a Melbourne University study, some young Australians were forced to skip meals and borrow money to survive after moving out. Calculating your monthly income and creating a comprehensive budget can help you avoid potential financial disaster.
To organize your finances, start by tracking your monthly income and determining your monthly expenses. Create a list of non-negotiable payments, including student loans, car payments, groceries, and rent. Break down how much income you’ll need for the essentials and how much you can afford to spend on rent.
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Create a moving budget.
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After organizing your expenses, it’s time to create a moving budget. If you need to hire a moving company or rent a moving truck, obtain a fixed quote online so you know what to expect. Additionally, shop around to find the best rates. Next, calculate how much you’ll need to spend on additional moving costs. You’ll likely need to pay a deposit, as well as the first month’s rent, so consider saving up for a few months before moving.
Find somewhere to live.
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Finding the perfect home or apartment can be time-consuming, but it’s important not to rush it. There’s a wide variety of websites that you can use to search for an apartment online, and the best place to start is often social media. Get the word out to friends and family that you’re looking to move out can help you score a great deal on an apartment.
Remember to always stick to your budget, even if you feel tempted by something slightly outside your price range. Consider searching for apartments in neighborhoods near your workplace, along with other areas of interest. For instance, living near your favorite park or gym can help cut down on your commute.
Determine your priorities.
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When choosing a place to live, make sure to list your priorities. For example, you might choose to prioritize price, location, or safety. Additionally, decide whether public transportation is a priority. If you don’t own a car, living near public transportation can shorten your commute and can make your social life more lively. If your favorite neighborhoods aren’t near public transportation, consider investing in a car.
If a car is outside of your budget, don’t worry. With the help of a car loan calculator, you can calculate your monthly loan payments and score a low interest rate. Fixed interest rates mean your monthly payments will remain the same, so you won’t have to worry about making payments outside of your budget. And since applications are quick and easy, you can drive away with your dream car in as little as 24 hours.
Moving out can be scary, especially if it’s your first time living alone. Following these tips can help you avoid a potential financial disaster and ensure that your move goes smoothly. Ultimately, remember that it’s OK to ask your parents for help, even if you’re not living with them.
