How to manage your first move from home

Young people are staying at the family house for longer than ever before and may be in their mid-20s before they decide to leave the nest. Hopefully, these more mature years will mean they’re working to pay rent to their parents, can do their own laundry and cook basic meals. But either way, the first-time move can be both exhilarating for its freedom and frightening for its responsibility, especially financially. Here’s how to make sure you’re well prepared for what lies ahead. 

But first, finances

Before you start house hunting, consider your budget. While you might already be paying cash to your parents for house room and similar, the expenses of rent, food and utilities quickly add up when you’re out on your own. So, talk to your parents about what to expect in the real world. Room mates can be the key to keeping costs reasonable but bear in mind, your BFF is not always the perfect person to live with. Paying the bills, cleaning and noise can put pressure on the best relationship.

And second, furniture

Having the freedom to stay out all night is brilliant. But when you collapse on your bed after a party, think about who owns that bed, the bedroom wardrobe, desk and television, because guess what? You may have to buy your own when you move out. The costs of even second-hand furniture plus fundamentals such as blankets and sheets, kitchen appliances, curtains, cleaning supplies and more can be an unpleasant surprise. 

Back to basics

Smart parents will have trained you well when it comes to cooking, cleaning and laundry because two-minute noodles, an overflowing laundry basket and messy rooms are only OK for so long. This is your life now so if you haven’t already, learn all you can about the practical basics of what it takes to create a great home life, well before you leave the family nest. Speaking of parents, most often they’ll be happy to help with your first move – even if they have mixed feelings at seeing you leave – so don’t be ashamed to ask them for help with all the ins and outs of everyday life. 

chrisbrown1224

Managing Director – New Vision Financial Services & New Vision Real Estate After years in the banking, finance & commercial sector Chris noticed that the industry needed a company with a personal touch that offered their customers a complete solution. In 2015 New Vision Financial Services was created to allow our consultants to use their experience (including approving and structuring large complex commercial transactions through to basic home loans) and to concentrate on offering a personalised service to their clients. With the growth and success of New Vision Financial Services a decision was made in 2019 to launch New Vision Real Estate to provide an end to end solution for client weather they be first home buyers or seasoned investors. Chris has built a team at New Vision Financial Services and New Vision Real Estate that have access to over 70 different lenders, insurers, lawyers, accountants and financial planners giving you more flexibility when making a decision. We offer a full service Real Estate agency offering Sales, Leasing, New Developments, House & Land and Commercial. Call me anytime on 0433 181 544 or email chris@newvisionfinancial.com.au The team at New Vision Financial Services have access to over 70 different lenders, giving you more flexibility when making a decision. Our consultants have had extensive experience within the banking, financial and corporate sector. At New Vision Financial Services we specialise in finance lending for home, investment, business, commercial, asset, debtor and many other requirements. As New Vision Financial Services has progressed, we have developed strong relationships with professional service providers such as; Financial Planners, Accountants, Settlement Agents, Leasing & Equipment Providers, Debt Management Specialists and any more to allow our clients access to a complete suite of services.