I am asking this question because the young adult in question, is me. I am to move out in a few years, and it feels impossible to move far away from my hometown (which I want). I have no idea how to juggle both finances, a job, and the move itself. With the global inflation going on, it feels impossible getting hold of a decent apartment to rent.
What advice would you give someone like me? What should I keep in mind and prepare* myself for? What are your experiences moving out, or moving away from your hometown? How long did the process take for you, and how did you manage keeping a job that paid all your taxes and rent? If you could look back and give younger you some advice, what would you tell them?
(If it provides any context, I am North European.)
Budget plan before you move out. Try to gauge what you realistically can expect to earn, write down all recurring expenses that you can already gauge, try to buy your own groceries for a few weeks just to get a feeling for what stuff actually costs and what you’ll need.
Realistically, the only item where you can actually move the needle is rent. So given the spreadsheet above, you can calculate how much you can spend on rent.
And do yourself a favor: don’t budget on edge unless you really really have to. It’s better to drive a few minutes longer each day, then to spend 10% more on rent. Washing machines break, bikes get stolen, etc