BEFORE MOVING OUT FROM YOUR PARENTS’ HOUSE CONSIDER THE MONTHLY EXPENSES YOU’LL F
Moving out for the first time from your parents’ house involves expenses that you need to know about.
Growing up I had many friends who would get upset with their parents as most teens do and tell them they were moving out.
Little did they know their emotions would be costly.
Moving Out Comes With Experiences
Mrs. CBB can remember quite a few of her friends as teens for whatever reason had to leave home and collect welfare.
It was not easy and the immediate costs of moving out were overwhelming and not what they expected.
I mean, when you are young you don’t really know what to expect until you live it.
There was only the telephone, in-person visits, newspapers, magazines, library books and networking.
We didn’t have Google to find information like we do today.
That was back in the ’80s and the cost of moving out is far more expensive today.
Consider Your Options Before Acting
If you are considering moving out for the first time there’s quite a bit to consider.
I’m not talking about moving out to go to college or university either.
This is where you are saying goodbye to your parents and getting a place to call your own.
Renting an apartment or even a room rental means more than just coming up with a monthly rental payment.
In fact, there are many expenses that you need to budget for when moving out that you may want to wait until you’ve got the money saved.
Moving Out With No Money
For some of you waiting to move may not be an option and emergency services can help you with shelter, food and other expenses until you can get on your feet.
Even then trying to get approved for Ontario Works (OW) takes time and requires certain criteria to be met.
What is Ontario Works?
Ontario Works is a service in Ontario that helps people in financial need, emergency crisis and to help those looking for employment.
Financial Assistance includes:
- Income support for basic needs such as clothing and shelter
- Health benefits for the client and family
Employment Assistance includes:
- Employment workshops such as resume building
- Job-specific training
- Access to finish your education (high school or language)
- Counseling for employment
In emergency situations where you have lost your home or are coming from an abusive relationship, there are also services available to help you.
Ontario Works Eligibility
- You must live in Ontario
- Be in financial need
- Must be willing to look for or keep a job unless under certain circumstances you cannot.
Can you work while collecting Ontario Works? Yes!!
You can earn up to $200 a month without having your financial support reduced. For every $1.00 you earn after that, Ontario Works will deduct $0.50 from the amount of money you receive from us.
You can read more about the Online Application For Social Assistance in Ontario and the different programs offered.
This is just an example of Monthly Ontario Works Amounts in Toronto, Ontario.
The amounts below are only for Basic Needs and you do NOT need an address to collect:
|Couple No children||$494|
|1 child 17 years or under||$494|
|1 dependent adult 18 or older||$652|
|2 children 17 years or under||$494|
|1 child 17 years or under, and 1 dependent adult 18 or older||$652|
|2 dependent adults 18 or older||$826|
|Single No children||$343|
|1 child 17 years or under||$360|
|1 dependent adult 18 or older||$623|
|2 children 17 years or under||$360|
|1 child 17 years or under, and 1 dependent adult 18 or older||$623|
|2 dependent adults 18 or older||$781|
You may also be eligible for shelter or board and lodging amounts but you will need an address.
Moving Out List Of Basic Needs
When moving out you’ll want to have some basic necessities to come along with you as not all apartments or room rentals are furnished.
The great thing about basic needs is that you can purchase them used at second-hand shops, garage sales or even obtain them free.
There are plenty of people who offer free items to those in need so if you plan on moving out start collecting what you can ahead of time.
Saving as much money as possible before you start your moving out journey is a smart move.
Moving Out Of Parents House Checklist
Below are a few examples to consider when moving out and will vary from person to person.
You may need more than what I suggest or find that you can do without which is perfectly fine.
- Bed, linens, and lamps (sheets, pillows, pillowcases, blankets)
- Towels, face cloths, bath mat, toilet paper, hand soap,etc.
- Clothing, Shoes, and Outerwear
- Computer, printer or access to one for at home resume printing *Free use at the library
- Health, Beauty and Toiletries
- Food Items or money set aside for food when moving out. How much should my grocery budget be?
- Kitchen Utensils, Cups, Dishes, Bowls, Dish Clothes, Pots, Pans, Coffee Pot, etc.
- Cleaning Supplies such as a broom, mop, dish soap, paper towel, laundry soap, floor, window and bathroom cleaner, toilet plunger, etc.
- Transportation needs (Bus pass, motorcycle, scooter, bike, vehicle, gas, vehicle insurance, and maintenance costs)
- Appliances may or may not be included in your apartment. Refrigerator, stove, microwave, etc.
- Laundry may be on site for a fee or the apartment may include a washer and dryer.
- Furniture such as a kitchen table, couch, end tables, home decor is not considered emergency needs when moving out.
You can acquire furniture and home decor after you move.
As long as you have somewhere to sleep is all that matters.
If you have the time and space to start collecting furnishings before moving out, start early.
Just try to keep the furniture on a smaller scale because you don’t know the size of space you will be moving into.
If it won’t fit then you can’t take it with you and will have to sell or donate it.
Costs of Rent When Moving Out Of Parents House
Depending on where you live this will dictate the costs of moving out.
I’m writing this for general awareness so you understand the basic costs of moving out and what to expect.
First off, you’ll need someone to help you move.
Hopefully you will have friends and family willing to pitch in.
Most often buying food and beverages is a smart gesture of appreciation for your helpers.
If not you may have to hire movers for additional expenses.
Don’t forget moving boxes.
If you’re lucky you can find moving boxes for free.
Often people give them away free after a move or check at the grocery store.
Oh, and then there’s the moving truck.
You’ll need a moving truck or a friend with a truck if you don’t own one.
The costs to rent a moving truck in the city could run you hundreds of dollars plus gas.
Make a phone call to find out the going rates for renting a moving truck.
Understanding Rent Costs
There is no standard rent pricing as it depends on many factors beginning with location.
Consider moving where costs are affordable.
If moving out of province is cheaper or more opportunities are available this may be a viable option.
We live in the Greater Toronto Area which is expensive.
To rent a 1 bedroom apartment where we live prices range from $1000-$1500 plus utilities.
Don’t forget that your landlord most likely will want you to provide first and last month’s rent.
So if your rent is $1000 monthly you will need to give your landlord $2000 before moving in.
Credit History and Rating
If you have never checked your Canadian credit history or know your credit rating you should probably do this before apartment hunting.
Almost all landlords will want to rent to someone with a good credit history.
This means paying your bills on time and a credit rating that is in good standing.
You will face many obstacles if your credit rating is low and you have a high debt ratio.
Includes Utilities vs. Paying For Utilities
If you find an apartment that includes rent and utilities together you’re lucky.
Room rentals in a home typically include utilities unless you are moving into an apartment with a roommate.
The great thing about having utilities included in the rent is that you always know what to expect for your monthly rent payment.
When utilities are not included this means that you must get hydro, gas, and any other basic utilities activated in your name.
If you have never rented before or are a new utility service customer they may require you to pay a security deposit and activation fee.
Utilities such as natural gas or electricity which requires a security deposit won’t be hooked up until you pay the fee in full.
For a better understanding of the fees involved, it’s best to contact the utility company directly to enquire about it.
Besides the monthly rent and utility costs your landlord may also charge you for a parking space.
In some cities, this could cost you $50 a month and in others hundreds of dollars.
Before moving out consider how you will be getting around town and the costs.
Finally, you’ll need tenants insurance which is inexpensive.
Most landlords won’t even rent to you without it.
Not everyone is in a rush to move out so if you’ve got time, use it to save as much money as possible.
I suggest having emergency savings of 3-6 months to start and build it to 12 months once you are settled in.
So, if your monthly rent, utilities, and basic needs total $2000 you’ll want to save a minimum of $6000 or 3 months’ expenses before moving out.
You don’t touch this money unless there is an emergency as it’s not for going out shoppin or holiday spending.
Budgeting Before Moving Out
One of the smartest things you can do before moving out is to budget like you have moved out.
Related: How to use monthly budget jars
This means, rent, utilities, transportation, grocery, personal needs, debts, insurances and so forth.
Obviously these expenses will be based on mainly estimates.
Related: What is considered bad debt?
If you are not able to balance your budget then you may want to consider waiting.
Inspect your budget and find categories where you can lower expenses or perhaps pay down debt first.
If renting an apartment is going to financially strap you then look into a room rental to start.
The Costs Of Moving Out vs. Saving More Money
Not everyone has parents who will allow them to stay and save money.
Just remember before you get upset with your parents because they ask you to pay room and board the costs involved when moving out.
Above are only the basics and you can be 100% certain there are more expenses that will come your way when moving out for the first time.
Moving out is a big milestone so it’s your choice whether you want to be prepared or not.
Discussion: What other immediate costs can you think of when moving out of your parents’ house for the first time?
Please leave me comments below as I enjoy your feedback.