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Moving Out vs. Saving Money
#29

Moving Out vs. Saving Money

Not sure what your figures or what you have saved but my take on this would be:

1. Stay at home until you have at least 3-6 months emergency fund for when you have moved out. So if you lost your job, you can carry on renting and living in a minimal way until you find a new one.
2. On top of this make sure you have deposit and first months rent and bills to one side along with a bit of dosh to buy the essentials for your new place.
3. Get out as soon as you can after that.
4. Chose a place to live that you can cover all the bills plus at least 20% so you can either chose to save or spend on lifestyle
5. Life will be tough ish for a few years but this is great motivation to better you career to earn much, much more than now.
6. For every pay rise you get denote minimum 75% to savings (presume first place deposit) and 25% to lifestyle increase.

In the meantime enjoy your new freedom, spin plates and have an awesome life where you only have to answer to yourself.

P.S. don't get married or buy a place with a girl in an attempt to short track/get somewhere bigger.
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