You hesitate to move out of your parent’s house due to a lack of resources. But it doesn’t mean that it is not possible. I will show you how to move out with no money in this article.
To move out with no money, follow these steps:
- Plan Your Move and Include a Budget
- Rethink Your Decision to Move Without Any Money
- Look at Every Option
- Set a Timeline for Moving Out
- Get a Job or a Source of Income
- Ask For Help
Moving out of your parent’s home and being on your own is entirely possible. Everybody has to move out at some point in their lives. Some do it when fresh out of high school, while some delay it until they are in their mid-20s or early 30s. You can still do it while you are stretched thin.
Read on to learn how you can move out without any money in your pocket and the steps you can follow to make this possible.
How to Move Out With No Money
It is entirely possible to move out of your parent’s house and strike it on your own with very little or no money in your pocket. Some people have done it, so why can’t you. There are only some steps that you need to follow to make this possible.
These steps are not that hard to take. But it will take hard determination to be able to follow through the steps to their fulfillment. You can leave your parent’s home without any money if you follow these steps:
It will help ease your mind if you remember that everybody has to move out at some point in their lives. If you have not done it earlier, it is not too late to do it now if you really have to. Let us discuss the steps on how to move out of your parent’s house with no money in detail one by one.
1. Plan Your Move and Include a Budget
If you are in your mid-20s or early 30s, you should have gathered enough experience budgeting your personal finances. Perhaps you have been chipping in for the groceries, utilities, or rent. If you’re not doing this, you need to do some homework before you proceed.
In making your plan, ask yourself a few questions:
- Do you have a job or any source of income?
- Where do you want to go?
- How much rent can you afford?
If you already have a job or a source of income, you can strike out on your own right now. However, you still need to plan before actually diving in. So, here are the things you need to do:
- Set a budget for a place to rent
- Find a place that fits within this budget
- Consider the extra costs that goes with being on your own, e.g. food, utilities, transportation, internet, and so forth
Living on your own has its attendant costs. Even if you are budgeting your finances while living with your parents, living on your own is different. It entails lots of expenses that you have not concerned yourself with before.
So, part of your planning is to think about what you will need to pay for, from food to transportation to utilities and everything in between, that you may have to pay for to live independently.
2. Rethink Your Decision to Move Without Any Money
The next thing you need to do is to rethink your decision to move out. Is it really absolutely necessary that you move out now, or is it also possible to defer your plan later? Moving out without any money is very risky in many ways.
When you are at an unpredictable and transitional stage of your life, diving headfirst into this situation has some disadvantages. It is not only financial strength that you need right now but mental strength as well. Do you at least have the mental strength to strike out on your own without money in your pocket?
Keep in mind that if you judge your situation poorly and rush your decision, it will just make your world even more tumultuous than before. You may end up going back to your parent’s home and have to swallow up your pride as a result.
If you need more time to save up enough money for your moving expenses and your first months on your own, then postpone your move. You may save yourself the extra effort and the attendant stress.
Moving out is not just a complicated process. It is also very stressful. You need proper timing to do it. If your timing is good, moving out and relocating yourself will be less stressful. Your plan should be foolproof to make it a success.
3. Look at Every Option
If you know all the angles in a situation, you will choose the best option. So, look at all your moving-out options. What are the things that you need to consider before you move out? Here are some suggestions:
- Your career – how will it be affected by your move?
- The industry you are working in – will your move improve your potentials in this industry?
- Your education, skills and experience – do you have a specific skill set that will help you earn money to sustain your move?
- Your career plan – will your move contribute to the advancement of your career and earn more money?
- Other personal considerations that you can think of
Always keep in mind that moving out is a big decision. To most people, transitioning from being dependent to being independent is not easy. In your case, if you really need to move out, consider it as a learning experience. But be aware that it has high stakes.
4. Set a Timeline for Moving Out
Part of your planning is to set out a timeline for your move. If you want to move out, but you don’t know when you need to do it, time will waste away, and you will find that you still haven’t move an inch.
You need to set your move-out date and stick with that schedule as much as you can. In setting a timeline, be specific and be realistic.
Are you fresh out of college and still paying for your student loans? Perhaps you have some savings, but they are on the low side. If that’s the case, you need some more months to set your finances in order.
Since you have been living with your parents, you might have saved some amount of money. You may only need a few weeks to save up some more. In that case, don’t set your timeline too far out.
Moving out and being independent of your parents is a step that you need to take to be a real adult, so putting it off will only delay the process. Set your timeline, start planning, prepare and when you are ready, take the plunge.
5. Get a Job or a Source of Income
If you know that there is no other option but to move out, don’t do it yet. Assess your present financial situation first. If you objectively look at your current financial state, you may see that it is not bad as you first imagine.
Yes, you don’t have any money right now. Why don’t you have any money in your pocket? Do you have a job or any source of income? In reality, ‘no money’ can mean different things to different people.
Do you mean you really have no money at all? Or you have some money, but it’s not enough to get you to move out. Regardless of your financial state, your survival depends on finding a job or a source of income in the place that you are relocating to.
If you have to really move out immediately without having a job, you should take care of this task right after relocating. The money that you might have saved will not last long if you can’t find a job as soon as possible.
You can’t afford to pay rent without any source of income. Most landlords would ask for proof of income before they entertain you. Job hunting is a slow process. Typically, it takes weeks and months before you are asked for the final interview.
So, what do you need to do to have money? You have to get a job or a source of income. If you don’t have a job or any source of income, your first task is to find one or think about doing something that will help you earn money.
You also need to factor in the stress and strain of being short in cash and being unemployed. So to shorten your suffering, do your research to find if your skillset, experience, and education are valuable in the city or area you are relocating into.
6. Ask For Help
If you are pressured to move out immediately and don’t have enough money, you need to swallow your pride and ask for help. For sure, you have friends in the neighborhood, friends at school, or friends at work.
Talk to them and tell them about your situation and your needs. You can also talk to your parents and ask for their help.
Ask Help from Your Parents
Talking to your parents is by far the best solution to your problem – provided that they are not the reason you are moving out in the first place. You can approach your parents in the following ways:
- Borrow money from them. Tell them to treat it as a loan that you will repay once you are able to settle down financially.
- If you feel that your parents are after your well-being and are really generous, ask them if they will be willing to cover your moving out expenses.
- Hopefully, if they are the ones who want you to move out, at least they are willing to lend you the money so that you can relocate yourself.
- Worst case scenario: if your parents are not able to help you financially, at least they should provide you with the essential things that you need in your new place, or they could help you pack your things and load them into the truck the day you are actually moving out.
Ask Help from Your Friends
A second option is to ask for help from your friends, from your neighborhood, at school, or your workplace. You can approach your friends in several ways:
- Ask them for some of the moving supplies that you need. Perhaps your friends have some old and unused boxes that you can use to pack your things, or they have some packing supplies like masking tapes or ropes to tie up your things.
- Ask your friends if they have some old but still usable furniture like chairs, small tables or even a bed that they have no use of. These things cost money but it is better if you can get them for free.
- Ask them if they are willing to lend you a pick-up truck for your move. It costs money to hire a truck to move your things. But if one of your friends has a pickup truck, then that could save you a lot of moving money.
- If you have a friend who earns a lot of money, this is another option that you can take. Good friends are there to help. If you are really good friends, they will be willing to lend you the money so you can move out immediately.
Conclusion: How to Move Out of Your Parent’s House With No Money
Even if you have very little or no money in your pocket, you can still move out of your parent’s home right now. But it will take hard determination on your part to make it happen. If you follow these steps, you can surely do it and be on your own.
If you really want to move out, it is entirely possible if you would follow these steps:
- Plan Your Move and Include a Budget
- Rethink Your Decision to Move Without Any Money
- Look at Every Option
- Set a Timeline for Moving Out
- Get a Job or a Source of Income
- Ask For Help