I still remember the day. I was sitting in my car outside of my mom’s house, and I was about to leave for college. This was the moment that I had been waiting for my entire life. I was finally going to be independent. I was going to be able to live on my own and make my own decisions.
But there was one problem. I had no money.
I had been saving up for college, but I hadn’t saved enough to cover the cost of living on my own. And so, I found myself in a dilemma. I could either stay at home and continue living with my mom, or I could try to figure out how to move out with no money.
I decided to go for the latter option. And so, I set out to figure out how to move out with no money.
How to Move Out with No Money: 10 Things to Do
Between rent, utilities, and furnishing your new place, it’s easy to see how quickly the costs can add up.
However, don’t let a lack of savings stop you from achieving your goal of moving out. With a little creativity and resourcefulness, it is possible to move out with no money.
In this article, I will share with you 10 proven tips on how to move out with no money.
1. Relocate to a cheaper area
One of the best ways to save money when moving out is to simply relocate to a cheaper area. This could mean finding an apartment in a less expensive city or neighborhood or even just downsizing your living space.
Finding a place that’s significantly cheaper than where you’re currently living can make a big difference in the amount of money you’ll need to save.
2. Get a roommate
If you’re not able to find a cheaper place to live on your own, another option is to get a roommate. This can be a great way to split the cost of rent and other living expenses, and it can also help you save on things like utilities.
Of course, there are some downsides to having a roommate, so it’s important to make sure that you’re compatible with the person you choose to live with.
Another option is to find a room for rent in someone else’s home. This can be a great way to save on rent and utilities while still having your own space.
3. Get a job
If you don’t already have a job, get a job. This is the most obvious way to start generating some income to put towards your move.
There are many jobs that require no experience and can be done relatively easily. If you’re able to get a job, even just a part-time job, it can really help offset the costs of moving out.
Once you have a steady income coming in, you can start setting aside money each week or month to save up for your move.
4. Find free or cheap moving supplies
When it comes to actually move your belongings, there are a few ways to save money. One option is to find free or cheap boxes from local stores or online.
Another option is to rent a moving truck instead of hiring a professional moving company. This can be a great way to save money, but it’s important to make sure that you’re comfortable driving a large truck.
5. Sell your stuff
If you’re really serious about saving money, one option is to sell some of your belongings before you move. This can be a great way to declutter your life and earn some extra money to put towards your move.
Of course, you’ll want to make sure that you only sell items that you don’t need or that you can easily replace.
6. Make a Budget and Stick To It
Once you move out, there is nothing called free money. You will have to start paying for your own expenses like food, gas, phone, internet, etc. This is why it is important that you make a budget before moving out and try your best to stick to it.
Once you have a general idea of how much money you’ll need to save, it’s time to make a budget. This will help you keep track of your spending and ensure that you’re saving enough money each month.
There are a lot of ways to save money by being smart about your spending. For example, you can cook your own meals instead of eating out. You can also save money on gas by carpooling or taking public transportation.
7. Save and start making investment
One helpful tip is to set up a separate savings account specifically for your move. This way, you won’t be tempted to spend the money on other things.
Another helpful tip is to automate your savings. This means setting up a weekly or monthly transfer from your checking account to your savings account. This way, you’ll never even see the money and you’ll be less likely to spend it.
Investing is another great way to save money for your move. If you have a longer time frame, you can invest in things like stocks or mutual funds.
If you have a shorter time frame, you can still invest in things like short-term bonds or high-yield savings accounts.
8. Get Creative
There are many other creative ways to save money for your move. One option is to start a side hustle to generate some extra income. This could be anything from dog walking to babysitting to selling handmade items online.
Another option is to look for discounts and deals on everything from moving supplies to rental trucks. This can take a bit of time and effort, but it can really pay off in the end.
9. Create a backup plan
No matter how well you plan, there’s always a chance that something could go wrong. That’s why it’s important to have a backup plan in place.
You should have a few different options for where you can stay if your move doesn’t go as planned. This could be anything from staying with family or friends to renting a hotel room for a few nights.
You should also have a plan for how you’ll pay for things if you run into any unexpected expenses. This could mean having a credit card with a high limit or setting aside some extra cash.
10. Save for Emergencies
One final tip is to save for emergencies. This means having a bit of extra money set aside in case something unexpected comes up. This could be anything from a last-minute plane ticket to some repair work on your new place.
Having an emergency fund can really help you out if something unexpected comes up, and it can give you some peace of mind knowing that you’re prepared.
Finally, consider asking for help from friends and family. This could mean anything from borrowing moving supplies to getting help with the actual move itself.
Moving out can be a really exciting time, but it’s also a big responsibility. By following these tips, you can make sure that you’re prepared for everything that comes your way.
How Much You Need to Move Out and Can You Afford It?
Now that you know how to move out with no money, it’s time to start planning your budget. The first step is to figure out how much money you need to move out. This will vary depending on a number of factors, including the cost of living in your new city and the amount of stuff you need to move.
1. Your rent or mortgage
The biggest expense you’ll have when you move is your rent or mortgage. Make sure you budget for this by looking at the average cost of rent in your new city. You can even look out for different options like roommates or subletting to save some money.
If you have a friend or family member who lives in your new city, see if you can stay with them for a few weeks while you look for a place of your own.
Renting an entire apartment will definitely cost you more than renting a room in someone’s house, but it may be worth it for the privacy and independence, it all comes down to your decision.
Don’t forget your deposit. This is typically the first and last month’s rent, but it could be more or less depending on your landlord. It can even be a few months’ rent. This can be one of the biggest expenses when moving out, so make sure you budget for it.
Another expense to factor in is insurance. This could be anything from renter’s insurance to health insurance. Make sure you research the average cost of these in your new city so you can budget accordingly.
4. Cost of living
The cost of living is the second biggest factor to consider when budgeting for your move. This includes things like food, transportation, and utilities. Do some research to find out the average cost of living in your new city. This will help you budget for things like groceries and transportation.
5. Moving costs
The cost of actually moving can also add up quickly. If you’re hiring professional movers, make sure to get a few quotes before you choose a company. You can also ask friends and family for help with the move to save some money.
If you’re renting a truck, make sure to factor in the cost of gas and tolls. You should also budget for things like moving supplies and storage fees.
Another big expense is utilities. This includes things like electricity, gas, water, and trash. You’ll need to set up these accounts when you move, and you may even need to pay a deposit.
You can often get a discount on your utilities by signing up for autopay or paperless billing. You can get an estimate of your utility bills by looking at the average usage for your new city.
If you don’t have any furniture, you’ll need to budget for that as well. You can look for used furniture on sites like Craigslist or Freecycle, or you can buy new furniture from a store like IKEA.
You can also ask friends and family if they have any furniture that they’re not using. This is a great way to save some money and get some gently used items.
Of course you’ll need to budget for food. The cost of groceries will vary depending on where you live, but you can get an idea of the average cost by looking at the grocery store prices in your new city.
You should also budget for eating out and takeout. This can be a great way to save money, especially if you’re cooking for one.
If you’re not moving to a walkable city, you’ll need to factor in the cost of transportation. The cost of a bus or train pass will vary depending on where you live, but it’s typically around $50-$100 per month.
Opt for ride-sharing options in Uber or Lyft instead of getting an entire cab for yourself. These can be more expensive, but they can be a great option if you don’t have a car. You can even rent a bike or scooter to get around.
10. Emergency fund
Finally, don’t forget to set aside some money for emergencies. This could be anything from a doctor’s visit to a car repair. It’s always better to be safe than sorry, so make sure you have some money set aside in case of an emergency.
So, do you think you can afford to move out with no money? It’s definitely possible, but it will take some careful planning and budgeting. If you’re not sure, talk to a financial advisor to get some help. They can look at your budget and help you make a plan.
Frequently Asked Questions
How can I get out of a toxic household with no money?
Getting a job, any job that pays decent money is the key to leaving a toxic household. Once you have money saved up, you can look for a new place to live. You may also be able to get help from family or friends.
Can I move out with no money and no job?
It is possible to move out with no money and no job, but it will be very difficult. You will need to find a way to make money, save up, and live below your means for a long time.
What to do when you can’t afford to move?
If you can’t afford to move, you may need to find a cheaper place to live or get help from family or friends. You can also look for government assistance programs or charities that can help you with the cost of moving.
How much savings should I have before moving out?
Ideally, you should have at least 3-6 months of living expenses saved up before moving out. This will give you time to find a job and get settled into your new place.
At what age should you move out?
As per recent studies and polls, many individuals believe that living with your parents is a great way to save money and that 25 or 26 years old is the right age to leave home.
Is moving out good for mental health?
Moving out can be good for mental health, as it can allow you to have more independence and freedom. It can also be a great way to meet new people and experience new things.
Is it normal for a 30-year-old to live with parents?
In general, it is not common for a 30-year-old to live with parents but it depends on each individual’s situation. Some people may choose to live with their parents for financial reasons, while others may want to be close to family.
Moving out can be a great experience, but it can also be very expensive. If you’re not careful, you could end up spending more money than you have. That’s why it’s important to budget for your move and to have a plan. With a little bit of planning, you can make your move without breaking the bank.