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Preparing to move out

 

An important milestone for every Millennial is the decision to move out on their own. When preparing to establish independence in their own residence, it is imperative that Millennials are prepared to take on living expenses. According to U.S census data, 15 percent of Millennials are living in their parents’ home – up from 12 percent in 2010. ACCC is providing Millennials with helpful tips to better prepare for moving out of their parents’ homes.

  1. Get a steady job to ensure a consistent income
  2. Create a budget for expected monthly expenses
  3. Look at your budget and decide how much you can afford in rent
  4. Establish a strong credit history
  5. Start saving at least 10 percent of your paycheck for emergencies
  6. Discuss with your parents which expenses you will be taking over when you move out
  7. Decide if you want to live alone or with roommates, remember roommates can cut some monthly expenses
  8. Find a location you would like to live whether it’s near your place of work or friends
  9. Be sure to research all the pros and cons of each apartment before putting in an application
  10. Be aware of hidden expenses, such as realtor fees and utilities

 

 

American Consumer Credit Counseling (ACCC) is a non-profit debt relief agency offering consolidated credit counseling and consumer debt solutions. If you have debt to consolidate, we can help you consolidate credit without taking a loan or paying high fees like some debt management companies charge. A fair, effective debt reduction service, our debt management program simplifies your payment responsibilities and often results in reduced interest rates from your creditors. As a leading national debt consolidation firm, ACCC has also been approved by the Department of Justice to provide credit counseling for bankruptcy both the pre-bankruptcy credit counseling certificate and the post-bankruptcy debtor education. Homepage Footer: American Consumer Credit Counseling (ACCC) is a non-profit credit counseling agency and debt consolidation company that provides help to anyone who is asking, "How do I get out of debt?" Our services include credit counseling, financial education, debt consolidation and debt reduction services for consumers nationwide. Our certified credit counselors have helped thousands of individuals and families find debt relief through debt management plans that consolidate debts and debt payments to pay off credit cards and eliminate debt. We also provide bankruptcy counseling and bankruptcy debtor education services, including pre bankruptcy credit counseling for a bankruptcy certificate.

Better Business Bureau Mass Housing Approved National Industry Standards for Homeownership Education and Counseling Council on Accreditation NFCC Member

Video: Preparing to move out

An important milestone for every Millennial is the decision to move out on their own. When preparing to establish independence in their own residence, it is imperative that Millennials are prepared to take on living expenses. According to U.S census data, 15 percent of Millennials are living in their parents’ home – up from 12 percent in 2010. ACCC is providing Millennials with helpful tips to better prepare for moving out of their parents’ homes. 1. Get a steady job to ensure a consistent income 2. Create a budget for expected monthly expenses 3. Look at your budget and decide how much you can afford in rent 4. Establish a strong credit history 5. Start saving at least 10 percent of your paycheck for emergencies 6. Discuss with your parents which expenses you will be taking over when you move out 7. Decide if you want to live alone or with roommates, remember roommates can cut some monthly expenses 8. Find a location you would like to live whether it’s near your place of work or friends 9. Be sure to research all the pros and cons of each apartment before putting in an application 10. Be aware of hidden expenses, such as realtor fees and utilities .