Turning 18 and can’t wait to move out of your parent’s house? Well, you are not the only one because independence can be quite amazing. However, with independence comes a lot of responsibility.
Mistakes to Avoid When Moving Out
Since this will be your first time living alone, a lot of things can go wrong. In order to avoid any mishaps, the first thing that you should do is make a budget. It is very simple to do this because all you need to do is know how much you will be earning each month and how much you will be spending.
Once you have that figured out, simply set a certain amount on the side as savings. Always remember that saving will take you a long way. You don’t have to save a big amount every month. Setting a few dollars aside, or 10% of your paycheck is a great start and you will be thanking yourself at the end of the year.
Another common mistake that youngsters make is that they pay their bills extremely late. Being independent means being more responsible, so it is your duty to set up reminders on your smartphone so you don’t miss the deadlines.
Be Prepared to Have a Lot of Expenses
If you want to spend your money efficiently, it is important that you have a record of everything that you spend your money on. You will have a lot of expenses in the first month like buying things for the kitchen as well as the rest of the house. Whatever your expenses are, just remember to add everything to the budget.
Tips to Help You Out
Here are some helpful tips that you should know about:
Spend Wisely
Do not go overboard when buying things for the house. Make a list of things that you need and stick to it. Need new things? Get bedroom furniture to rent because chances are that you won’t be living in your first house for too long.
Have an Emergency Cushion
Once you move out of your parents’ house, you will realize that saving money is difficult. If you have a surplus income, it is recommended that you put it in a high yield savings account, so that your money grows at a faster rate. Even if you put 10% of your paycheck towards the account, you will have a good sum to rely on in case of a financial burden or medical emergency.
Get Rid of the Debt
Debt affects your financial growth, so it is important you get rid of it as soon as possible. Your strategy should include getting rid of high interest debt like credit cards first and then moving on to low interest debts like student loans. Check out some great tips at http://clark.com/personal-finance-credit/how-get-out-debt-quickly-5-simple-steps/
Have a Credit History
It is a good idea to have a credit history before you move out. You can apply for a credit card, make a charge, and then pay it off immediately.
While many of us in South East Asia don’t move out of your parent’s home after we turned 18, it is still good to keep in mind that a move out of the nest, is a huge milestone towards adulthood.
At what age did you move out of your home? Share with us in the comments below.
MiddleMe 
It’s all true. I moved out at 16 just to have to go home at 18 because I was broke!
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Eeks! Well, at least you are still able to move back. I do know some parents convert their child’s room into entertainment or gym once they moved out.
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Thankfully, if you read some older Post I have, my mom just turn my room into a junk room
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Haha. Same situation here. When I relocated to Shanghai, my dad just use my room to store their boxes and whatever they ordered online. My old room looks like a warehouse now.
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thanks , I sent this to my son , who will be moving out soon…
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Thank you Ute! So he is flying the nest, times flies!
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Thank you for all your valuable tips….
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Thank you and welcome to MiddleMe!
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Consigli molto utili! Ma tanto ci pensano i governi a risolvere la questione, facendo un modo che non ci sia lavoro.
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Sound advice for all ages. Enjoyed the instructions when moving. Thanks for the lovely visit.
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Thank you for coming by, Mary.
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My pleasure. Hope to drop by again soon. Happy Advent.
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I already Twenty something, but I still lives with my parents. But I will move out soon, thank you for sharing
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In Asia, we almost live with our parents
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Sorry got sent too soon. I was saying in Asia we live with our parents most of our lives. Thank you for sharing and welcome to MiddleMe!
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I am about to move into a house with my friends as part of University, which is very daunting but exciting at the same time – so this post has been very useful for me!
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Look at it as an exciting adventure! A new milestone towards adulthood!! Congratulations!
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Thank you! 🙂
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This was very helpful and a great topic for sure!
I wanted to move this summer, but it all depends on the situation with my exams and having to find a place and while it is within the same state, it will be a city with no one I know around 🙂 so it will be new but fun hopefully , but all of these things are something I will have to keep in mind before moving!
Shay-lon
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Thank you! I hope this article will help you to move wisely. Big hugs and good luck to the move. Let us know how it goes!
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When did I move out? 16? 🙂
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Wow. So young!
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Freedom! 😉 (Also I started University very young, which was both an advantage and a hinderance)
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Great advise, thank you
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Thank you for reading it!
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Of course, my pleasure
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At 20 I moved out, but the main thing that helped me and still having it today, is a spreadsheet in Excel. Keeping close tabs on what comes in and what comes out. It is very tentative to use credit cards, but not the best idea. Teaching yourself you can’t spend what you don’t have, I think is the best way.
Great article Kally! XxX
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Great sharing and tips on the Excel sheet, Patty! I always clear up my credit cards at payment day sometimes even earlier. I only use it to collect air miles. Haha. But yes, when you move out the first time, you probably go bonkers with buying a lot of stuff just to deco the new place. Like I did when I first moved to Shanghai, I wanted a homely home so I went crazy at IKEA! The bill was longer than my height! Ended up I didn’t move a single thing to Kuala Lumpur because it was too expensive to ship it back, I gave all away to my colleagues in exchange for free dinners for a month.
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Hahaha…I still have a lot of stuff from IKEA 🙂 I think my favorite pieces are our round table with chandelier – both light-balls and real candles – above it. 🙂
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IKEA is very successful in getting us hook onto their furnitures. Haha.
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https://domesticthings.blogspot.com/
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What’s up family… here’s a site to help in keeping you up with the best, the newest and the most affordable. I’ve found that sites like
http://www.stuff4me.trade/electronicstuffforme/
help in all 3 departments… it’s worth a look. Happy hunting #geek4life
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Thank you for the great moving tips. I move often too-I know that a lot of professionals continue to move for job opportunities-which is why my husband and I move so often. I thought you had awesome tips. I have been blogging about my current move to provide detailed content about moving. There is always so many intricate details to remember! Thank you for sharing!
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Thank you so much for your comment. I have move quite a fair bit in my life too so I understand that moving is quite painful.
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Yes there are so many intricate details involved in each move. The more information you know about moving, the less stressful it can be!
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I totally agree with that!!
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