When it comes to moving out of home, there are a few things you’ll need to consider before venturing into the world.Leaving your parents’ nest to dive into new adventures as a self-sufficient adult is one of the most exciting and important transitions you’ll ever go through. We’re here to help with our tips for moving out of home.
Are you ready to move out?Only you can know this. Some people feel scared but adjust really well; others are confident but end up moving back home. There’s no shame in changing your mind. There is also nothing wrong with staying put and living with your family during your entire degree (hello home cooked meals!). If you think you’re ready, there’s the option of renting a stand-alone house with one or two roommates, joining fellow students in a share house, or the unforgettable experience of on-campus life at Murdoch Village.
For those international students who have chosen to move across the world to study, the idea of moving out can seem even more daunting, as they are juggling living away from family and friends in a completely new environment.
However, this can make the experience that much more exciting, as it is an opportunity to live in a totally new place, meet new people and encounter things you never normally would.
When to move out of homeUnless it’s completely necessary, it’s not ideal to make the big shift immediately before exams or just as first year commences. Decorating, stocking up on food, reading over study materials, and finding your way around campus will take longer than anticipated.
Who should you live with?There are lots of student accommodation options open to you. No matter what you choose, it’s best to live with those who have similar values around noise and cleanliness. It’s also advisable to nut out arrangements for bathroom facilities, storage space, bill sharing, furniture purchasing, and whether others can stay over.
Moving in with a stranger, or multiple strangers, may seem daunting but remember these people could end up being lifelong friends. And finally, moving in with your high school besties could seem like a great idea, but revisit your values and see if they fit with your friends’.
How much does moving out of home cost?First, complete a budget. Even a very simple one in Word or Excel is fine. There are a mountain of helpful free websites and apps but no matter what you use, you’ll need to track incomings and outgoings.
Study allowances e.g. Centrelink
Utilities e.g. gas, electricity, water
Transportation e.g. petrol, Ubers, public transport
Exercise or hobbies
Personal e.g. clothing, medication
Subscriptions e.g. Netflix and Spotify
Semi-regular bills e.g. car registration
Put a bit aside each pay for weekly spending, building a healthy buffer, and saving for a big goal like a backpacking trip. Also keep in mind you’ll likely spend more money early on for big items like a bed and your bond, and smaller unplanned ones such as a handful of different herbs and spices for the kitchen.
Many students like The Barefoot Investor, so this could be a good start to learning about finances.