Moving out on your own is an exciting new adventure. Whether you’re just moving to a new city or across the country, you want to be as prepared as possible to start comfortably in your new home. One way to make sure you’re ready to live on your own is to have a budget and savings, but how much money should you save before moving out? Elite Daily reached out to financial experts at Chase and Credit Karma for their input, and the amount is a little more than you would think.
You might want to move right now, but the question of how much money should you save before moving out could be preventing you from taking that next step. It’s no secret that having savings to fall back on is important. After all, moving is not cheap, but there are ways to save money to move out that’ll give you that push to follow your career goals or finally live in your dream city. If you’re currently wondering things like “how can I save money when I move,” “how much money should I save before moving to a city,” or even “how much money should I save to move without a job,” we’ve got your back. Thanks to the experts at Chase and Credit Karma, you’ll be able to resolve your money moving problems with these nine tips.
Colleen McCreary, Credit Karma’s Chief People Officer
Matt Gromada, Managing Director, Head of Family, Student and Starter Banking at JPMorgan Chase