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

HeyAnna

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.

ponie4prez

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!

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

Replies

More related Conversations