Moving out for the first time and living on your own. What are some tips?

[narcissist]

I am not quite sure what sub-forum this should go under but I am getting ready to move out in the next 6-9 months.

When you guys moved out for the first time, how much money did you save up, and what are some tips and things that I should expect as I move out for the first time and live on my own?


p.s. feel free to move this post to its appropriate sub-forum.

Thanks mates.

 

[wifehunter]

Screen those roomies!!!

You'll be sorry if you don't.

 

[narcissist]

Screen those roomies!!!

You'll be sorry if you don't.

Im doing it with my older brother, and another family friend. They are very reliable. But very good advice nonetheless. Thanks.

 

[btownbuck2012]

Im doing it with my older brother, and another family friend. They are very reliable. But very good advice nonetheless. Thanks.

Have some money saved up and ideally a job in place or interviews lined up. Honestly having a friend and your brother as roommates will take a-lot of the stress of moving out off yours shoulders.

 

[narcissist]

Have some money saved up and ideally a job in place or interviews lined up. Honestly having a friend and your brother as roommates will take a-lot of the stress of moving out off yours shoulders.

I have 6000 saved up right now, and should have roughly 12000-15000 by the time I move out. Is this a reasonable amount?

 

[btownbuck2012]

I have 6000 saved up right now, and should have roughly 12000-15000 by the time I move out. Is this a reasonable amount?

Absolutely. That's a great start. I had 11K when I moved out.

 

[narcissist]

Absolutely. That's a great start. I had 11K when I moved out.

Did you find that it was a lot harder/slower to save up money when you moved out? as a result of newer expenses?

Also, should I apply for a credit card and start building credit? I have never had a credit card.

 

[btownbuck2012]

Did you find that it was a lot harder/slower to save up money when you moved out? as a result of newer expenses?

Also, should I apply for a credit card and start building credit? I have never had a credit card.

I actually was surprised at being able to hang on to the money like I did. Although I lived pretty frugally. But it doesn't just burn through your pocket like you think it will as long as you a.) have a job and b.) keep a budget for yourself.

I personally have never had a credit card, I just use my debit card. I'm not sure if I'm f*cking myself long term by not building credit, doesn't feel like it and credit cards seem like scams to me, but to each his own.

 

[narcissist]

I actually was surprised at being able to hang on to the money like I did. Although I lived pretty frugally. But it doesn't just burn through your pocket like you think it will as long as you a.) have a job and b.) keep a budget for yourself.

I personally have never had a credit card, I just use my debit card. I'm not sure if I'm f*cking myself long term by not building credit, doesn't feel like it and credit cards seem like scams to me, but to each his own.

And lastly, roughly how much did you pay per month when you first started living on your own?

Thanks for all the information brother.

 

[btownbuck2012]

And lastly, roughly how much did you pay per month when you first started living on your own?

Thanks for all the information brother.

So I was living pretty cheap. First real place on my own was 550 per month for a bedroom in a house with a few other guys. That gradually increased to 950 per month and now 1850 per month. I moved cities though. Went from DC to NYC.

 

[skinnyguy]

Did you find that it was a lot harder/slower to save up money when you moved out? as a result of newer expenses?

Also, should I apply for a credit card and start building credit? I have never had a credit card.

Yes.

Some day you'll want to buy a house. If you don't have credit you either won't get a loan or you'll pay absurdly high interest. Not to mention paying for stuff like airline tickets and checking in a hotel requires a credit card. I have a card that pays me miles and I fly for free a lot because I put so much on my credit card and rack up frequent flyer miles. Once you start paying rent, you'll save a lot less for sure.

 

[wifehunter]

Rent is overrated.

(Said the homeless guy, who lives in his car.)

 

[Building_and_Loan]

Absolutely. That's a great start. I had 11K when I moved out.

Damn son, I had like $3,000 when I moved down to Btown as a student haha, maybe we're not including college in this though.

OP you're well off already and as long as you have a job lined up and minimal debt, you should start saving up to afford your own place depending how old you are. Roommates are nice but living on your own is pretty sweet too, I wouldn't trade it for anything.

 

[RedZone]

I have 6000 saved up right now, and should have roughly 12000-15000 by the time I move out. Is this a reasonable amount?

That would be a decent amount of money saved. When I first moved out cross country I only had about 6000 to my name. Wasn't ideal but if you want you can get by.

 

[l__i__l]

Create a weekly budget and track every expenditure.