Before I Am Moving Out Series

Before I am moving out

Hello everyone!

Welcome back to my blog! This post is really exciting because I am starting a new series called “Before I Move Out”.

First, let me explain how I came up with this idea. Recently something really exciting happened. As you know I have a full-time job. I am an accountant at a debt collecting agency. I started this job in March 2020 with a 7-month contract. In October they renewed my contract for a whole year. This year in October they were supposed to renew my contract with another year. Here comes the exciting part: my company decided to just give me a permanent contract! This happened a whole year earlier than expected. I am so happy and I feel so blessed.

When I got the news I realized that now that I have a permanent job contract it will be a little bit easier for me to move out. Now my contract won’t be a problem anymore when applying for an apartment. Then I also realized that there are a lot of things that I will have to do before I move out. For instance, I have to save for a fully-funded emergency fund. I was trying to crunch the numbers to see if I could still save a certain amount of money while living on my own and it was giving me a headache. When I am going to live on my own, I won’t be able to save and invest half of my income anymore. It is really important to me that I live a stress-free life while living on my own. I want to live comfortably and not worry about money. So for me, it made sense to start doing certain things now, while I am still living in my parents’ house. In this way, I will not have to worry about those things later.

You are probably wondering what things I will be doing before I move out. Of course, I will let you know. It will not be in any particular order.

  1. Save for moving costs

Before I am moving out I want to save for the deposit, first month’s rent, moving transportation, and furniture. I want to have saved money for all of my furniture beforehand so that I know that I can afford what I need. I don’t want to be in a situation where I still have to save for a piece of furniture that I really need, especially since I don’t know how much money I will be able to save. I am not saying that I am going to buy all of my furniture immediately. I am going to pick everything carefully. All I am saying is that I want to make sure that I  am able to afford everything that I need. For this category, I want to save €10.000.

  1. Save for a fully-funded emergency fund.

As some of you already know, I already started saving for an emergency fund. When I am going to live on my own, my costs will be way higher of course. I estimated what my future monthly cost will be and based on my calculation I decided that I want to save a €10.000 emergency fund.

  1. Get a raise

In November I will have an assessment interview at my job. I really hope that I will get a raise. Honestly, I actually think they have to give me a raise, because it doesn’t make sense that they give me a permanent contract 1 year earlier than usual, without giving me a raise. I have never asked for an increase in salary before. I want to let them know that I want to move out and that I want to be able to live comfortably and that I want to be able to save a good amount of money while living on my own. Besides that, I want to financially meet the requirements to get an apartment. The maximum amount of rent that I am willing to pay is €750 per month. My monthly income has to be 3 times the rent, which means that I need a salary of at least €2.250. Right now I am earning €2.050 per month. I really hope that I will get an increase of at least €200.

  1. Get my driver’s license 

I still don’t have my driver’s license yet and I want to get it before I move out. I don’t want to worry about needing extra money for some extra lessons. I just don’t want to have to think about it anymore. That’s all I have to say about it for now.

  1. Launch a small business

This one makes me really nervous to think about. I created something that I want to sell. I actually finished the product. I just want to see if I can make it more perfect. I also need a logo. As soon as everything is done I will go to the chamber of commerce and then launch my business. I don’t have a launch date yet, but I want it to be launched before the new year.

  1. Create a capsule wardrobe

Most of my time is spent in the office. Well, not anymore actually, but I think that soon we will be able to go back to the office again. I plan on working 2 or 3 days a week in the office. I want to create a wardrobe of clothes that are more suitable to wear at the office. I recently turned 25, so I also want to dress more maturely. I already know where I will be buying my clothes. I recently discovered an amazing store, where I will be purchasing my clothes. The clothes are a little bit on the pricier side compared to what I usually like to spend, but I don’t mind. I really want to focus on the quality.  I am so excited to start my capsule wardrobe.

  1. Sell clothes

This goes hand in hand with creating a capsule wardrobe. I have a lot of clothes that don’t fit my style and the stage that I am in anymore. I decided that I am going to sell some of my clothes on Vinted. The only things that I have ever sold are books, so I am excited to start selling clothes. I am wondering if people will actually buy them.

To summarize, these are the things that I will be doing before I am moving out:

  1. Save for moving cost
  2. Save a fully-funded emergency fund
  3. Get a raise
  4. Get my driver’s license
  5. Launch a small business
  6. Create a capsule wardrobe
  7. Sell clothes

I am really excited to take you on this journey. Starting this series will make everything less overwhelming for me this will be a fun journey. I am the type of person that wants to do everything at the same time in a short period of time. This will definitely help me slow down. I hope that this journey will take me about 12 months, but we will see what the future holds for me. Every month you will get an update on one of my goals.

This is all I have for today. Thank you for your precious time and until next time!

Love,

Color and Coins

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