HOW TO BUDGET TO MOVE OUT ON YOUR OWN
Vložit
- čas přidán 5. 07. 2024
- How to create a budget to move out on your own for the first time? Today, as part of the financial glow up series, I'm answering this very popular question.
Need a budgeting methodology that's going to actually work for you? Use The Anti-Budget: www.wanderwealthy.com/antibudget
♡JOIN THE WANDER WEALTHY COMMUNITY: www.wanderwealthy.com/FB
♡OTHER FREEBIES!!!:
NEED TO PAY OFF DEBT?: www.wanderwealthy.com/debtfree
LEARN TO INVEST: www.wanderwealthy.com/invest
♡LISTEN to The Wander Wealthy Podcast: www.wanderwealthypodcast.com/pod
♡SUBSCRIBE for more: www.wanderwealthy.com/CZcams
- - - - - - - - - - - - - -
Want to chat!? Follow me:
♡INSTAGRAM: / tess_wicks
♡TWITTER: / tess_wicks
♡FACEBOOK: / wanderwealthy
♡Business email: tess@creativeprofit.co
Hey I am Tess Wicks, I’m a financial educator and coach and the founder of Wander Wealthy, a channel and community helping women in their 20s and 30s get inspired and get results for their personal growth, money and travel goals. On this channel I provide educational and lifestyle content around personal development, personal finances, and exploring the freedom of travel.
Disclaimer: The information in my videos and on my channel is general in nature and is not intended to be used as personalized financial advice. Prior to implementation, you should consider your personal circumstances and seeking one-on-one help from a professional.
♡LIKE this video: It really supports my channel
MUSIC: epidemicsound.com
Tip #2 "start budgeting now" I have been thinking about this for a long time now because someday I will be living on my own. Please make a video with actual monthly expenses and how to budget it including paying the rent with other monthly expenses like groceries, paying debts, phone bill etc.
I plan on moving out by the end of the year (I'm 22 so its about time) and I'm definitely going to use some of these tips! I started a series on youtube about all of it and part 1 is coming out tomorrow morning :) x
Can I ask how is everything going? I am on the same boat right now
@@Retro_riq it went well! Ahah im 25 now so it was a few years ago😅 but I made it!! And i moved a few times in between. Best of luck to you!
@@marilariviere thank you! I'm nervous but anxious
Thank you so much Tess! This was incredibly helpful. I can’t wait to get started budgeting to give me a better idea of what I can afford out there and some of those hidden costs I completely forgot about 😊
I'm so happy to hear that Meagan! Thanks for asking the great question!
Facebook Market place is great place to find cheap furniture or decorative pieces close to your area. Make sure is a good deal and the right conditions! Don’t blow your money buying unnecessary items, you can always buy one thing at a time 🤞🏻
Thank you so much!... Here we go with the story-
I currently am to young to move out but my mom wants me gone as soon as I turn 16.. Whenever It gets closer to that I'm going to try and find a one bedroom house for rent since I live in a small town and If i moved at 16 I can't really leave the town for a few reasons.... Me and my girlfriend will be trying to get better jobs at 16...I currently have 3 jobs, I work at a breeding/Rescue place for all types of animals. I just started and I get paid about 50 dollars per sell but only for the animals I breed and work with so I breed the mice as feeders for snakes and such I just started so I dont have many mice or babies. But once i get that up and running better I get about 1.50 per feeder sold, People buy in bulk so they get around 20 and up which is good for me... My other 2 "Jobs" are self businesses the first one is a gift type deal got Christmas...since I only run that during Christmas i get about 10 dollars per gift sold. I also groom, Bath, and pet sit dogs and cats. I stopped for awhile... During the summer I do yard sells and Sell lemonade last year I made over a hundred dollars but with covid I cant do that anymore..
I sold some of my stuff and Got around 60.. Whenever I was in a better place my mother bought me a PS4, a XBOX 360, and a PC. I sold my laptop though... I'm thinking about selling the PS4 and I'm working on selling the xbox.. The PS4 is a year old and it only had been used a few times and I also have a lot of games that all together would get me 250 for the PS4 and 100 to 150 for the games.. Since most are brand new.. Sorry for typing a lot lol...
I wish I had watched a video like this when I had moved out! Living in the UK there a a few hidden costs we have to factor in so having a safety blanket would have saved me so much stress!
Yes, safety nets are amazing! (Still are even after moving out on your own 😉)
Your channel is so underrated! Love your vids 💖
Thank you this is really helpful
Thank you Tess. I want to ask you, Do you have any tips for security/safety if leaving alone for the first time? Specially as a woman.
Thank you ❤
What do you think would be a good target budget number for total furnishings for a new place so I can start saving? Or how would I come up with that number?
It depends on your income and all of your other goals. First create a realistic budget for how much you have to spend on necessary items each month, then make sure you’re saving for other things like emergencies, short-term goals that you’ll have to spend money on (for me that’s weddings and holidays) but that can also be a deposit on your apartment or these new furnishings. Just make sure it all fits together in your budget, if it doesn’t, reduce your budget or extend your timeline until you can afford what you’re looking for. If you have to, get something secondhand from a family member/friend or a store while you save for the thing you really want! If you need help budging check out www.wanderwealthy.com/antibudget
Thank you. Just subbed 😍
This is really helpfull
Hi Tess,
Thanks for the helpful tips.
Thanks! !
this was really helpful, thank u!!
for any Torontonians you have to save $20 000 and continue to work and find other side jobs that pay well
Pls help me!!! 1 member of the family moved out and she is one of the greatest income makers of our house. Now, I am tasked for the bills in the house. Pls give me some advice and tricks on how to budget for 1st time "adulting". I was really used to just spending my own money and not really do a budget. Now i am very overwhelmed with so many bills!!!!
Check out the anti-budget! www.wanderwealthy.com/antibudget (it's free)
Uhm honestly for me I work a part time job I just started I get payed 1$ less than minimum and it was my only option I couldn’t land a job for a month or more and now I’m here but I feel desperate to live alone in a studio since it’s cheaper I’m afraid to work more and harder and quit I guess that should be my main focus it’s true I should take advantage of living at home for a while saving growing my income I can say sometimes I do need to think big if I want more this would be the perfect time to budget adjust to my living situation grow my money get comfortable and when I’m ready to move out I will it’s true tho to move out it’s best to make three times the rent and we’ll if anything is more important it’s that thank you for making this video I’m already aware of it more I’m gonna settle down and make it worth it
How much money should u have left over after all your start up expenses for your 1st apartment solo
Couple grand if u can
I’m 17 and getting kicked out yall 22 n js movin on your own lmao I wish