I moved out of my parents’ house at 24 | What you must know before moving out
The decision to move out of your parents’ house can be a tough and scary one. It can also be exciting sometimes, especially when you think of the freedom and privacy that comes with living alone.
However, there’s a lot that also comes with moving out of your parent’s house and deciding to live alone or with someone. Most of these things, you would not think of until you are out.
I recently moved out of my parents’ house and now the realities of living without my parents just dawned on me. That’s why I am making this post to share the lessons that I’ve learned and help you get prepared for whenever you’re ready to move out of your parents’ house.
Before we get into it, keep in mind that I live in Lagos, Nigeria so some of these lessons/tips might be peculiar to my location but I’m sure they would still be useful to you regardless of your location.
Let’s get into it,
7 things to note when you want to move out of your parents’ house
1. Make sure you have a stable income or at least have lots of money in your savings
Before you make the decision to move out of your parents’ house, think about your income. Moving out is no joke, it’s not like you’re going on a vacation so make sure that you are financially stable.
Ask yourself, are you financially stable enough to do so?
The answer to that question should be either YES or NO, there’s no maybe. If yes, you’re good to go.
Make sure that you have a stable stream of income or at least have enough money in your savings, enough to sustain you for as long as possible.
Because the truth is, practically everything requires you to spend money. As someone living in Nigeria where things get costlier by the day, you cannot function properly if you do not have enough money or earn enough money.
Here is a post on 10 jobs that can make you financially free. It might be useful.
2. The first few weeks will not be what you thought (no matter your anticipation)
Honestly, the first few weeks would be slightly different from what you thought. You might feel lonely and nostalgic especially if you have a close relationship with your parents.
You might get and enjoy the freedom that you crave for a few days but after some time, you will realize how much you miss home.
3. Spend wisely
I think living alone will make anyone understand and learn how to manage finances. A lot of things will want to get your money, so it is important to know what is really worth spending on.
Don’t just spend money because you have it. Make wise choices when it comes to spending your money.
I love the piece of financial advice Jose Zuniga of Teaching men’s fashion gave in one of his YouTube videos (you should subscribe to his channel if you want to learn how to become the best man you can be).
Always follow the 50-30-20 rule.
50% of your income goes into your needs, the things you need to survive.
30% goes into your wants.
The final 20% goes into savings and investments.
I think this does justice to your income.
If you want more knowledge on how to manage your finance, I suggest you read financial books. One I would recommend is The Richest Man in Babylon by George S. Clarson.
4. Avoid setting up all at once if you do not have the means
Let’s face it. You cannot set up your house at once especially if you move into a newly built house.
Don’t force set up at once especially if you do not have the means.
It is okay to start with just your necessities first, like chairs and a mattress. As time goes by, you can begin to add more items to your house.
You can save up your money to make sure that you don’t settle for inferior items when you are finally ready to get them.
5. Buy things in bulk
Whether you are buying groceries or foodstuff, try buying them in bulk.
Buying in bulk will be cheaper and it is going to last you longer. You don’t have to worry about things especially when they finish at night.
You can even pair with a friend or family member to buy in bulk so that you can then share whatever it is amongst yourselves.
6. Always expect emergencies so save for such days
Life is uncertain and you have to be prepared for the uncertainty of life.
We can make plans but sometimes, life just comes with its own plan and we are forced to adapt.
Sometimes in order to adapt properly to life emergencies, you need to spend money. For instance, if the fan or air conditioner can become faulty suddenly, it needs to be fixed.
In other words, save for days when life emergencies will come up. You would not need to worry about where to get the money when they happen.
7. You got this
Finally, let me wrap this up by saying you got this.
When you move out of your parents’ house, it might seem like a lot at first, but you will pull through.
One of the things I love enjoy about moving out of my parents’ house is the freedom to live life the way I want. I get to be responsible for my life and take action.
That’s part of what comes with moving out of your parents’ house. You are now responsible for your life and action so whatever you do now is what will determine your future.
Once again, you got this.
I think I should answer one of the common questions that might be on your mind,
Should you move out of your parents’ house?
The true answer to this lies in you. Only you can make this decision and it is not a decision you should make in a haste, take your time to think about it.
However, before making your decision, ask yourself.
Are you financially stable enough?
Do you have what it takes? Although age is not a deciding factor, maturity is. Really think about it, are you mature enough to take responsibility for your life and well-being? A lot of things are going to come at you, can you make the decisions on your own?
Feel free to let me know if you live with your parents or if you’re just planning to move out and share where you are reading this from. You can also brag about one or two things you love about your country in the comments section.
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