Moving Out - Adulting with Richard Sherman
In this episode of Adulting with Richard Sherman, Richard offers helpful tips and advice that will get you ready to make the move out! It can be scary to fly out of the safety nest of your parents’ home. But it’s also an exhilarating experience and a big first step into being an adult. It’s all about growth, learning not only about your finances but making decisions for yourself. In this episode of Adulting, learn the helpful tips and get encouraged to spread your wings and move out on your own effectively.
Key Takeaways
- Check your credit score before apartment hunting—landlords will review it, and if it's low, ask a willing relative to co-sign your lease to improve approval odds
- Apply the 1/3 rule: keep your monthly rent to no more than 1/3 of your gross monthly income, and budget for security deposit, first/last month's rent, utilities, and internet upfront
- Set a specific target moving date and treat it like a deadline to hold yourself accountable and motivate action toward independence
- Take control of all bills and decisions yourself—don't let parents handle bill pay or decorate your space—to build financial responsibility and personal growth
- Budget for all expenses your parents previously covered: groceries, transportation, cell phone, utilities, and other living costs that now fall entirely on you
Moving Out - Adulting with Richard Sherman: Ready to finally move out of your parents' house? In this episode of Adulting with Richard Sherman, Richard offers helpful tips and advice that will get you ready to make the move out! It can be scary to fly out of the safety nest of your parents’ home. But it’s also an exhilarating experience and a big first step into being an adult. It’s all about growth, learning not only about your finances but making decisions for yourself. In this episode of Adulting, learn the helpful tips and get encouraged to spread your wings and move out on your own effectively. Here’s the recap:
- Know your credit score. Every landlord asks for it, and some will run a credit check.
- Know your budget. What can you afford? No more than a third of your monthly income should go toward your rent. And consider up front and mostly costs like a security deposit and utilities.
- Set a target date. This will motivate you to really make that great escape
You’re adulting now, Adult! This is Adulting with Richard Sherman.
Richard Sherman is a former American football cornerback who played 11 seasons in the NFL. A Super Bowl champ and five-time NFL Pro Bowler, Sherman began his time with FOX Sports following a stellar football career. He played a pivotal role in the Seattle Seahawks’ dominant defensive unit that led them to a Super Bowl victory and was well known for his outgoing personality and insightful commentary. In 2022, Sherman began his career in media and serves as a studio analyst for Amazon Prime Video’s coverage of "Thursday Night Football."
To catch more episodes of Adulting with Richard Sherman on FinStream TV, please click this link: https://www.finstream.tv/videos/adulting-with-richard-sherman/
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