If you’re still living with mom and dad, you’re not alone. A Gallup Poll found 50 percent of adults ages 18 to 23 and 14 percent of adults ages 24 to 34 live with their parents. That means if you’re 34-years-old or younger, there’s nearly a 7 in 10 chance you live with your parents. Living with your folks can offer a lot of perks, including home cooked meals and low rent. But eventually most of us want a place of our own, especially after we’ve graduated from college or landed our first real job. The trouble is, we don’t know how to tell if it’s the right time to move out, and even if it is, we don’t know how to go about it.
It’s time to move out of mom and dad’s house if…
– Even the most benign conversations turn into arguments.
– They’re upping your rent, again.
– Your little sister has already moved out on her own.
– You want to come and go as you please and drink milk from the carton without retribution.
– It’s cramping your love life.
– They’re constantly asking you, “Are you ever going to move out?”
Tips to Make Moving out of Mom and Dad’s Place Painless
If you’ve discovered any of these apply to you, and it’s time to start packing, we encourage you to follow these four tips to make it go as seamless as possible.
1. Start saving money ASAP.
From setting up utilities to buying household goods, moving isn’t cheap. If saving money isn’t one of your talents, consider using a money management app like Mint. With Mint, you can create a budget and set savings goals, like putting away money for a security deposit. Best of all, it’s a free service.
Bonus Tip: When it’s time to hire a professional moving company, one way to save money is to compare moving company reviews, then search for the most competitive quotes.
2. Do your research and set a budget.
Before you tell mom and dad about your departure, do your research. Locate a neighborhood you want to live in, find out how much you can expect to pay in rent, and then set a budget. Keep in mind you may have to give up conveniences, like close proximity to a grocery store or work, to find an apartment that fits your budget. To lower living expenses, consider getting a roommate.
Bonus Tip: When determining how much you can afford to pay for rent, a good rule of thumb is it shouldn’t be more than 40 percent of your salary.
3. Make a list of your needs and wants.
Jot down what you need and want, and reference it as you compare the pros and cons of various apartments. For example, living in a neighborhood with low crime rates may be non-negotiable, but giving up the on-site fitness center you want could reward you with cheaper rent. Remember, you’re probably not going to live as lavishly as you did at your parents’ house, so be ready to sacrifice that pricey cable package or eating out every day so you can afford to live on your own.
Bonus Tip: If safety and security top your needs list, it’s a good idea to learn about how you can beef up your apartment’s security before and after you move in.
4. Figure out what you have and what you’re missing.
From a bed to dishes, you’re going to need a lot of things to get set up in your first home or apartment. Start a list of the things you have, and the things you need. Then scan Craigslist, visit thrift stores, and ask your parents if they’re willing to part with some household goods.
Bonus Tip: If you want to move out, but don’t have what you need to fill up an apartment, consider housesitting. Housesitting gives you the chance to live on your own without providing household essentials, plus you’ll pay little to no rent, so you can save money for a pad of your own.
Moving out of your parents’ house may feel overwhelming, but with proper planning it can be done and the pay-offs are huge. In addition to gaining a sense of independence and boosting your social life, the responsibilities that come with living on your own can help you become a confident, successful adult.
Story by: Sarah Pike
Follow Sarah on Twitter!
[Lead image via Shutterstock]