7 Ways To Save Money When You Move Out On Your Own
The Reddit community produced a short, brilliant list of essential rules for saving money when moving out on your own for the first time.
Reddit user thatyouknow gave a short introduction, saying,
I'm 22, moving to Indianapolis, IN with my girlfriend while I attend school for social work. Collectively, we will have 2,500 a month with 700 going to rent/utilities, 400 for food, 150 for cell, 300 for car insurance/payments.
Writing in the Frugal subreddit, the redditor asked others to recall when they first moved out at a similar age and to offer advice to their younger selves.
Some responses may seem like common sense, but the redditors suggest they didn't learn the virtues of these tips until they were older.
Here are seven great tips on saving money in your first rented space.
1. Save a little money every time you get paid.
Comment from discussion If you were 22 again and moving into your own place for the first time, what advice or tips would you beg yourself to take?.
2. Avoid buying new furniture or supplies.
Comment from discussion If you were 22 again and moving into your own place for the first time, what advice or tips would you beg yourself to take?.
Comment from discussion If you were 22 again and moving into your own place for the first time, what advice or tips would you beg yourself to take?.
3. Separate your wants and needs.
Comment from discussion If you were 22 again and moving into your own place for the first time, what advice or tips would you beg yourself to take?.
4. Get renters insurance.
Comment from discussion If you were 22 again and moving into your own place for the first time, what advice or tips would you beg yourself to take?.
5. Start a line of credit, but only after you're financially secure.
Comment from discussion If you were 22 again and moving into your own place for the first time, what advice or tips would you beg yourself to take?.
6. Don't get a pet.
Comment from discussion If you were 22 again and moving into your own place for the first time, what advice or tips would you beg yourself to take?.
7. Accept your temporary financial limitations.
Comment from discussion If you were 22 again and moving into your own place for the first time, what advice or tips would you beg yourself to take?.
