How much does it cost to move out for the first time?

Answer 1

It will vary depending upon many factors including where you live, what lifestyle you have, your source of transportation, and bills that you might have to pay. In addition to monthly expenses, most apartments ask for a security deposit to include a 1st and last months rent so this can more than triple the initial rent payment required. Some utilities also require deposit for persons without a credit history. An educational site in Texas has a great reality check site to help people get a better perspective on costs...here is the link http://www.cdr.state.tx.us/realitycheck/ and another from the jump$tart coalition http://www.jumpstart.org/realitycheck/pgv_money_rc_form.html Next I would look for a simple budget worksheet Kiplingers has a good one here http://www.kiplinger.com/tools/budget/ or find one of your own from the many resources out there. You can research apartments in your area to see how much they cost and maybe make some calls to local utilities to get as realistic a budget as you can. Hopefully that should get you started and on your way to your new adventure. Good Luck!