Leaving our family home marks one of life’s biggest milestones.
Are you thinking of moving out?
‘Di man uso ang bumukod sa pamilya, especially in the Philippines, isa pa rin ito sa mga senyales ng isang pagiging tunay na “adult”. It’s an exciting yet challenging step towards independence, and also a big financial commitment.
Kung sa tingin mo ready ka na bumukod, here’s a to-do list to help you in your planning and budgeting until your Day 1 in your new home:
Plan your budget.
Itemize all potential expenses and create a budget. Kasama na rito yung magiging monthly rent at utilities mo, on top of your groceries, transportation, at gastos sa mga bagong kagamitan mo (furniture, appliances, etc.) in the months to come.
Find a suitable place.
Marami kang options na pagpipilian — nandiyan ang mga condominium buildings, loft-style apartments, and even mga small houses sa mga residential areas within the metro. Pero siyempre dapat mo rin i-consider yung mga adjustments na gagawin mo once you’re out of your parents’ home.
Of course, living in the city is convenient but more expensive. You’ll be closer to work, school, and social spots. But remember, rent and daily expenses will be higher. Meanwhile, suburban areas offer cheaper rent and a quieter lifestyle. However, commuting to the city can be time-consuming and costly. Consider rent-to-own options if you’re planning for a long-term stay. These arrangements might be more cost-effective in the long run.
Save up.
Start saving early for upfront costs and initial setup. Halimbawa, kung magre-renta ka, landlords will usually ask you to pay 2-3 months advance, kasama na diyan ang security deposit na maaari mong mabawi ‘pag natapos ang kontrata mo sa kanila. Pro-tip: Find a roommate para mas makatipid ka!
Stay prepared.
Build your emergency fund habang maaga pa para sa mga unforeseen expenses.
Can you give me a breakdown of the budget I’m going to need for moving out?
Sure! Here’s a sample budget plan to help you prepare for your future expenses:
Monthly Expenses:
Rent
Studio apartment: P8,000-P18,000
One-bedroom apartment: P15,000-P30,000
Utilities *Depending on whether the bill rates are residential or commercial
Electricity: P3,000-P10,000*
Water: P200-P1,000*
Internet: P1,200-P2,699
Transportation, groceries, and other necessities
Public transport: P2,000-P5,000
Food and necessities: P5,000-P10,000
Initial Upfront Costs:
Security deposit and advance rent
2 months’ rent (security deposit) + 1 month advance: P30,000-P45,000
Furnishings and appliances (Only if the place you’re renting is unfurnished or bare)
Bed: P10,000
Refrigerator: P15,000
Stove: P1,500 - 5,000
Other Essentials: P10,000
TOTAL: P40,000
Emergency fund
Approx. 3 months of expenses: P85,000
This sample budget should give you a clearer picture of the costs involved in moving out. By planning and saving up, you’ll be better prepared for this exciting new chapter of your life.
Kaya good luck sa’yo on your new journey!
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