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Moving Out vs. Saving Money
09-23-2018, 07:05 PM
OP, I'd consider Crash_Bandicoot's post carefully. I was out of home at 18, I had no choice. However, some of my friends who had the choice and good parental support are a lot more ahead financially now in their 30s. They didn't move out until mid-20s, saving all the money they'd have blown on rent and other silly things and investing it reasonably well.
I'd shell out that $200 for a hotel. It'd be way cheaper compared to how much you can save and invest. Yourself in 10 years time would buy you a fine whisky to say thanks!
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Moving Out vs. Saving Money
09-24-2018, 12:35 AM
With the Kavanaugh thing im thinking of moving home to defend my family. I have never even considered this since moving out. A lot of my family live on a big property and I got nieces and nephews to help care for.
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Moving Out vs. Saving Money
09-24-2018, 03:03 AM
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.