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Announcements Improve How I Manage My Money Grow & Protect My Nest Egg My Home and I Ready for Retirement Kids & Family Matters Everything Fun Polls
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  3. General
  4. Are you living with your folks and looking to move out ASAP?
  • HeyAnna
    HeyAnna

    Boss

    administrators Are you living with your folks and looking to move out ASAP?

    General
    1

      Get a headstart on independence as a 20-something with 7 tips in mind (also applicable to anyone looking to move out!)

      1404x630.jpg

      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.

      This topic has been deleted. Only users with topic management privileges can see it.
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    • PO
      ponie4prez Newbie
      last edited by

        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!

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