MOVE OUT OF MOMS BASEMENT 

MOMS MOVING MISSION

Welcome to this great blog all about adulting and moving out of your parent’s house and into the real world.

Right now you might be living in your childhood bedroom, but if you take the big leap and move out on your own, you will save money, build credit and learn a lot about yourself. When people think of moving out of their parent’s home, they imagine a cramped, overpriced apartment in an unsafe part of town. The reality is that it’s possible to find a great place for less than $1,000 per month. In fact, according to Zillow’s data for December 2018, the median rent for a one-bedroom apartment in the U.S. was $1,024 per month.

Why You Should Move

Here are three reasons why you should make the big leap and move out of your parents’ basement:

You will save money on rent. If your parents have been charging you rent as a way to learn responsibility, then they’ve done their job! Now it’s time to take the next step — moving out on your own will help you budget and prioritize what’s important: saving money! You can work on improving your credit score. Your credit score is an important number that can follow you around for many years and affect everything from getting a credit card to buying a car or even landing a job someday. 

Don’t Wait To Move Out

You don’t want to wait too long to move out. After all, you’re not getting any younger. Here are three reasons why you need to move out as soon as possible:

1. You’ll have more privacy when moving out

Living with your parents can be great — especially if they’re paying for everything — but there are many downsides to being under the same roof as them, including a lack of privacy. You deserve some time where you don’t have to answer to anyone or worry about other people’s opinions or criticisms of you. You should have the freedom to do whatever you want in your own place without having to sneak around or hide things from your folks.

2. You’ll save money in the long-run.

Living with your parents rent-free is awesome while it lasts, but it won’t last forever. Maybe they won’t kick you out immediately once you turn 18, but they will expect you to start paying them rent if you stay past that point. In addition, you’ve been living at home for a good chunk of your 20s, and it’s time to finally get out on your own. How do you know if it’s time to make the big leap? Here are three major signs that you’re ready to move out of the house:

You’ve got the money. The first big question when weighing whether you can afford an apartment is whether you can even pay the rent. The standard financial rule of thumb is that rent should be no more than 28 percent of your income before taxes. To hit that target, you’ll need to make at least $36,000 per year, assuming a $1,000 monthly rent payment (28 percent of $36,000 is $10,080). If you’re far from that number, or if you don’t have a reliable source of income yet — especially if that income comes from someone else — then it’s probably best to stay at home where things are affordable.

Moving Out Can Be Expensive

There are a lot of moving costs that come with renting an apartment. You have to rent a truck. You have to buy packing supplies. You have to pay for cable and Internet service when you get there. If you’re moving into a house and you want it to be furnished, that’s going to set you back even more money. If you already own furniture, though, then this isn’t as much of an issue — but how many people who live at home with their parents do?