Get a headstart on independence as a 20-something with 7 tips in mind (also applicable to anyone looking to move out!)
TLDR: Moving away from home and fending for yourself at an earlier stage of life is not going easy.
Have at least 3 to 6 months’ worth of emergency savings
Adhere to the Debt Servicing Ratio of less than 35% of your income
Use a financial tracker like NAV Planner to budget everything
Cook your own meals ✅ Eating out regularly ❎
Leverage on credit cards with cashback for groceries, utilities or bills
Find a sustainable side hustle for an added income stream
Split expenses with a roommate where possible
Prepare your mind and wallet for one of the big pillars of Adulthood. Read on to learn what millennials have to say about financing your first move.