When I went to school, I had to walk uphill – BOTH WAYS.
Most people have heard an older person tell younger people how much tougher they had it back in the good ol’ days. Today, millennials – Pew Research defines the millennial generation as being anywhere between 22 and 36 years of age – might hear more of such criticism than any other age group in recent history.
47 percent of millennials bum off their parents’ pocketbooks to pay at least one bill – take cellphone, Netflix, television, and Internet bills for example – and nearly one-quarter of millennials still live with their parents.
However, Fidelity Investments believes that millennials’ being comfortable with relying on their parents for a few years after high school – maybe even college – graduation has generally taught them to be better savers. Some 85 percent of the 22-to-36-year-old generation currently have some savings – that’s an eight-percent increase from last year; 59 percent have fully-funded emergency funds; only nine percent call themselves investors, 44 percent call themselves spenders, and 46 percent identify as savers.
Here are a few solid tips for leaving your parents’ home, or whatever it is you call “the nest.”
Take your time
Most people don’t like living with their folks – that’s totally understandable. Although you’re probably itching to find your own place, don’t rush anything. Moving out of anybody’s house costs money; takes blood, sweat, and tears; and requires mental preparation.
This tip also covers fights with your parents or guardians; be reasonable when you’re upset, don’t stay on a friend’s couch without plans to move in elsewhere afterward, and don’t burn any bridges with your mom and pop.
Don’t move out without a job
Unless you don’t have to worry about money, make certain to get a job prior to leaving. Don’t swim up shit’s creek without a paddle.
Consider moving in with one or more roommates
Rent, utilities, television, Internet, and other bills are expensive to take care of for people living on their own. Seriously consider moving in with a friend, similarly -aged family member – just not your parents again! – or sharing an apartment with random flatmates.