Introduction
The decision to move out of your parents’ house and into your own home is a major milestone in adulthood. It’s taken a big leap of faith, stepping out of your comfort zone and venturing into a new era of independence. However, it’s not a decision that should be taken lightly. Rather, it should be one done at the right time. But when exactly do you know when the right time is?
When is the right time to move out?
Society has placed a lot of unrealistic standards to condition young people to believe that if you haven’t moved out by 23, then you’re doing something wrong.
Well, the truth is, there is no definitive answer. Moving out is a personal choice and something that you should do only at the time that’s best for you. So whether you’re 23 or 29, if you don’t feel ready to move out, don’t allow society, friends or family to pressure you into doing so.
Furthermore, moving out is one of those big life steps that feels very thrilling; however, it can equally be terrifying. It involves independence, freedom and creating your own space. But with that comes a huge amount of responsibilities that you may not recognise at first.
Therefore, it’s important to take into consideration a number of factors that will help you come to a decision on whether or not it is the right time for you to move out.
Let’s go through some signs and things to consider when making that choice:
1. Can you afford it comfortably
At first glance, moving out appears to just be about paying rent and bills. But it’s so much more to it. Utilities, groceries, internet, transportation, insurance and those random costs that you don’t think of (such as toiletries, body and skin care products, cleaning supplies, or emergency repairs) are all expenses that you’re expected to pay.
A good rule of thumb to follow is that your rent should be no more than 30%-35% of your monthly income. Furthermore, it’s advised to have 3-6 months’ worth of living expenses saved up to move out. So if you find yourself struggling to make ends meet and comfortably cover all your expenses, then that’s a clear indicator that it’s not the right time for you to move out.
Question to consider
- Do I have a steady, reliable income that ensures I can meet monthly expenses?
- Do I have enough savings to put down a deposit that covers at least 2-3 months’ expenses?
- Can I cover unexpected costs on my own?
If your answer is yes to all of those questions, then you’re definitely in a good position. But if not, then you may need to reconsider.
