Do you have what it takes to work for us?

We are hiring. Click to apply

a
a

How Much Money Do You Need To Move Out

by | Jun 15, 2022 | Features

When it comes to moving out, you need to have enough money to be able to make your move and also live comfortably in your new space. There is a typical rule that says you want to make sure that no more than 30% of your income should be going to the cost of housing. However, there is also another rule that states that you should never exceed 43% of your income on your housing costs as well as your debt. Obviously, these rules are just guidelines and every situation is different.

Key Takeaways:

  • Spend no more than 43% of your income of housing costs and debt payments combined.
  • Moving costs, utilities, and internet charges will add hundreds each month.
  • Getting a roommate can save money, as can learning basic lifestyle skills such as shopping and cooking.

“For most people, moving out on their own requires careful saving and planning over time.”

Read more: https://www.moving.com/tips/how-much-money-you-need-to-move-out/

WHAT YOU CAN READ NEXT

How to Label Moving Boxes: Read and Write With Care

A successful move hinges on doing the small things correctly. Labeling boxes is a great example. If done properly, it eliminates the need to open containers to check what’s inside. You can adopt many labeling practices. For example, boxes with fragile items should be...

10 Essential Things to Do After Moving

Moving is an exciting chapter in your life. However, the process isn’t over after you relocate to your new home. You can do many things after the move to make your post-relocation life more comfortable. For instance, you want to unpack boxes as soon as possible and...

30 Priceless Tips for Preparing Items for Storage

Storing your possessions might sound simple, but you can easily do a poor job if you’re not careful. You need to pay special attention to maximize the space available and improve organization. For instance, labels are a must-have. They help you stay on top of your...

Found a New Home? Here Are the Next Steps

Moving into a new home is exciting, especially after a long time of browsing the real estate market and making crucial decisions. While it may seem that there’s nothing left to do other than wait for the movers to arrive, there are several steps to take before the new...