We all know it’s getting more difficult to leave the nest and start our lives as independent adults. House prices are ridiculous, renting seems like a waste of money and we’re not getting paid as much as we probably should.

However, it’s not impossible and 100% worth the cost and effort. Here are some easy tricks and tips to make moving out of your parent’s house a little easier.

1. Decide how you want to move out

First things first – are you going to rent or buy? There’s no right or wrong decision, but you need to pick so you can organise your finances correctly.

Renting allows you to be more flexible about where you live and you can move out pretty quickly. However, it’s harder to save for a property in the future. Plus, you don’t get as much security because landlords can take back their property after your contract is up.

Buying a property is a big investment and can make you a lot of money in the future. However, not only is it a huge responsibility, but you’ll also have to wait a lot longer to save up to move out.

Related post: How I Bought A Flat At 23 Years Old

2. Create a budget

Once you’ve chosen between buying and renting, create a budget to give yourself a good idea of what you can afford. Write everything down, including your savings and income, then add up your outgoings.

Once you’ve calculated how much you can afford to save for a deposit or spend on rent each month, make a plan to reach your goal.

3. Review your finances

If, after you’ve created your budget, you find that you’ve got lots of outgoings you don’t need (or want), look at reducing these financial overheads.

Subscriptions to Deliveroo and that gym membership you never use might have to be cut if you’re short on cash.

Speak to your parents about reducing or even eliminating the rent you pay. Explain to them that you want to move out and that money will help expedite the process. Of course, this isn’t always possible for everyone, but there’s no harm in asking.

4. Be realistic

Moving into a two bedroom house in a coveted location with a beautiful built-in kitchen and an easy-to-maintain garden sounds great — but it’s not always viable.

This is your first stepping stone into independence, so be practical. Don’t turn your nose up to a property because it isn’t 100% perfect because you’ll struggle to find anything you want.

Consider lowering your budget or moving to a different location if it means that you can do it with less stress and more money in your pocket.

5. Save as much as possible

If you’re serious about wanting to move out, save more money then you think you’ll need. This is the one time in your life that you’ll have the freedom to put away a lot of money, so take advantage of that.

Having extra cash in the bank when you become financially independent for the first time is never a bad thing, and is handy in case of an emergency.

Related post: 5 Steps To Save A Lot Of Money (Realistically)

6. Buy things in advance

Reduce the financial burden by picking things up as you go along to spread the cost of furnishings.

Kitchenware is a good start because it’s unlikely to be affected by the size or style of the property you move into.

Whereas your plan to have scatter cushions on every possible surface might not work out if you end up in a small place with limited room.

7. Learn to cook

Learning to cook won’t help you move out any faster, but you might as well start while you wait to move out

Takeaways and ready meals are expensive and bad for you, so learn how cook basic food like spaghetti bolognese, curry, shepherds pie and other easy, but filling meals that are cheap to buy and quick to make.

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Amy McDonnell - 7 Tips For Moving Out For The First Time

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