In many situations, people need to save up a certain amount of money to move, and most often the most desirable and at the same time irritating is the first move from their parents for further independent life. But how to move with no money in your pocket? No one wants to leave home for six months and then go back to their relatives. So it is very important to properly prepare for the first move. A realistic estimate of how much money you will need to move, and making certain lifestyle changes to save money on move, will increase your chances of a successful outcome.

Determine if you are ready to move with no money

Estimate the full cost of independent living. Let’s say you earn 3 thousand a month, and you heard that in your city there is an opportunity to rent a small studio apartment for 1 thousand a month and have already begun to dream of student parties in your apartment. However, do not rush to pack your things. Rent is only part of the cost of living independently. Don’t forget about utility bills, food, things, laundry supplies, and so on — all of which are probably taken care of by your parents while you live with them.
It is reasonable to increase the rent by about 30 % to roughly estimate the cost of living in a rented apartment (including utility bills). So, a studio apartment will cost you money, excluding expenses for food, toilet paper, transport and other expenses.

Ask your older siblings or friends who live on their own how much it costs them. Arm yourself with accurate information to realistically assess whether you will be able to live independently right now.

Make a personal budget for moving

You have decided that you are ready to become an adult (to be treated like this) and therefore want to live independently. So prove your willingness to take your own finances seriously.
Budgeting is probably not the most enjoyable thing to do, but it’s important enough and not too difficult to do. In reality, all you have to do is make a list of your monthly income and expenses. Perform this operation for at least a few months to get a more accurate estimate of the monthly budget.
You can find numerous calculators and applications that will help you keep a home budget and track expenses. Or just use our moving cost calculator. However, you might as well use a pen and paper.

Start preparing your parents

While it can sometimes be difficult to give up the benefit of paying for basic living expenses at your parents’ expense, this step will help you learn how to better plan for the inevitable expenses and pay for them yourself.

• Start paying the rent (if the family lives in a rented apartment). Parents may reject this idea, but this way you can demonstrate to them (and to yourself) that you have become an adult who is ready to take on adult responsibilities. The amount of rent paid by you personally does not have to correspond to the actual rental rate in this place. Here the process of paying the rent in full and in time is important, so that you have the appropriate habit before you start an independent life.
• If paying rent is not an option in your situation, try to insist on paying your share of utility bills. It may be better to take on the monthly payment of some type of utility bill (for example, water bills) to develop a good habit of paying bills.

The topic of this article is related to saving money for moving. And spending money may seem like an illogical step. However, if you move away from your parents without preparing for the realities of independent living, including paying the bills, the cost of this act may be noticeably higher for your wallet (and pride) than if you take care of some housing expenses while still living with your parents.

Pay off your debts, or at least reduce their amount

You’re probably looking forward to moving out of your parents’ home and starting a life on your own. But it’s wise to wait until you’re in a more favorable debt situation, which will be useful in both the short and long term.
If you have only recently completed professional training, it is quite possible that you and your parents still have not repaid a small (or vice versa, a large) part of the loan for your education. If you’re not going to live with your parents until you’re forty, you probably won’t be able to pay off such a loan in full before you move in. However, it is better to use any opportunity to reduce the debt before you start living independently because then your expenses will increase significantly.

Paying off an overdraft with a bank card will be a more realistic task before moving. Think of it as a cost-saving move, because by eliminating the ever-increasing debt burden, you’ll have more financial independence by the time you move.

As you have already noticed moving with no money is hardly possible but it can be real with proper planning. Print our moving checklist not to forget anything. If you are certain with the day of the move our moving helpers are ready to assist you. Checking moving companies’ reviews before hiring a reliable moving company is a very important step. All you need to do is to fill out the form. Our consultant will call you back as soon as possible. In case you have any questions contact us immediately for further information. Check our fresh moving news at our blog and watch our YouTube Moving Tips. Good luck with your move.