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HeyAnna
Boss
administrators Are you living with your folks and looking to move out ASAP?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.
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Have at least 3 to 6 months’ worth of emergency savings
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Adhere to the Debt Servicing Ratio of less than 35% of your income
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Use a financial tracker like NAV Planner to budget everything
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Cook your own meals
Eating out regularly
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Leverage on credit cards with cashback for groceries, utilities or bills
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Find a sustainable side hustle for an added income stream
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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.
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Definitely looking to move out for WFH peace and sanity, but not sure if I prefer living with others (probably can only afford a room rental) vs still staying with family for the time being. Decisions!