this post was submitted on 03 Oct 2023
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What advice would you give a young adult about to move out? (midwest.social)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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I am asking this question because the young adult in question, is me. I am to move out in a few years, and it feels impossible to move far away from my hometown (which I want). I have no idea how to juggle both finances, a job, and the move itself. With the global inflation going on, it feels impossible getting hold of a decent apartment to rent.

What advice would you give someone like me? What should I keep in mind and prepare* myself for? What are your experiences moving out, or moving away from your hometown? How long did the process take for you, and how did you manage keeping a job that paid all your taxes and rent? If you could look back and give younger you some advice, what would you tell them?

(If it provides any context, I am North European.)

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[โ€“] [email protected] 3 points 1 year ago (1 children)

When you're making a budget don't plan to spend everything you make. You will always be out of money if you do that.

[โ€“] [email protected] 2 points 1 year ago

And for heaven's sake, start an investment retirement account now. Yeah, I know, "but I'm not making enough, but there's that shiny thing in the (online) store window, but I'm never going to get old." Just allot one take-out coffee's worth of spare change per week. You can up the ante later. Let the miracle of compound interest do its thing.