Before you start apartment hunting, here is one important step: getting your savings in order. I call it the freedom fund. It is when you are saving up to move out. I briefly mentioned it on Moving Out Of Your Parents’ House episode.
So today, I am exploring it further with you.
On this episode of the WeeklyBagel podcast, I dived deeply into how to save smarter and choose the right bank account. This is because both will help you meet your moving-out goal when you plan it well. I explore how much money you need before moving out and the kind of bank account that will help you accomplish this goal.
If you struggle with the following below, then this episode is for you.
- How much money should i save to move out
- Choosing the right kind of bank account to help you meet the goal.
- What is the best savings account to keep your savings safe and growing?
Furthermore, I talked about using traditional versus online banks. I explained why high-yield savings accounts can help you reach your goal faster. This is as long as you do not dip into your savings.
Whether you are working a 9-to-5 or juggling school and part-time jobs, saving up to move out offers security. Not just security, but a peace of mind on the anxieties of not knowing whether you could make it out there on your own. This is in case of a sudden disruption of your monthly income or a job loss.
So, grab a cup of coffee and a bagel. Hit the play button above, so we can get close to getting your first apartment. In case of any questions, you can reach out to me at [email protected].
Moving Out Of Your Parents’ House- Episode 2