How to Save Up Money to Move Out (2023)

Moving out of your home can be a daunting task, especially if you don’t have the financial resources to do so.

There might also be emotional challenges to deal with if you’re forced to move quickly.

While low cost moving can seem like an impossible dream, it can actually be possible — and sometimes quicker and better than you’d expect.

With careful planning and creative problem-solving, you can make the transition from living at home to living independently without breaking the bank.

Below we discuss how to move out with no money and provide tips for making it happen.

Have a Plan
A thought out plan can help save time & money.

Have a Plan

Before you move out, it’s important to have a plan in place for how you will support yourself financially. Consider what type of job you can get, if you need to find roommates to help with rent, or if there are any government assistance programs that could help.

Save Money
Plan to save yourself some money.

How to Save Up Money to Move Out: Example Plan

Moving out can be an exciting and liberating experience, but it can also be quite expensive.

Here are some tips on how to save up money to move out:

  1. Set a budget: Determine how much money you need to save to move out and create a budget to achieve that goal. This will help you track your expenses and identify areas where you can cut back.
  2. Reduce expenses: Look for ways to reduce your expenses such as cutting back on dining out, canceling subscriptions you don’t use, and buying second-hand items instead of new ones.
  3. Find a side hustle: Consider finding a part-time job or side hustle to increase your income. This could include freelancing, pet-sitting, or delivering food.
  4. Sell unwanted items: Sell items you no longer need or use such as clothing, electronics, or furniture. Use online marketplaces such as eBay, Craigslist, or Facebook Marketplace to make some extra cash.
  5. Save automatically: Set up automatic transfers from your checking account to a savings account each month. This way, you won’t have to remember to save and the money will grow over time.
  6. Live with roommates: Consider living with roommates to split rent and other living expenses. This can be a great way to save money and build friendships.
  7. Look for move-in specials: When you’re ready to move out, look for move-in specials at apartment complexes. Many offer discounts or waived application fees for new residents.

Remember, moving out requires careful planning and budgeting.

Focus on Saving Money

Once you have the plan in place, it’s time to start saving money. Look for ways to cut back on expenses and save as much as possible.

Consider taking on a part-time job or selling items you no longer need. You can also look into government assistance programs that may be able to help with rent or other living expenses.

Get creative
When it comes to moving, sometimes you need to think outside the box.

Get Creative

Think outside the box when it comes to finding ways to make money. Finding a different way to solve the problem might just save some money.

Outside the box thinking could include looking into side hustles, using bartering services — or even taking on odd jobs to help cover your expenses.

Cut costs
Borrowing a vehicle from a family member can help.

Find (or Borrow) Free Moving Resources

There are many free resources available that can help you with the process of moving out without any money. These include free storage options, furniture donations from friends and family members, borrowing a truck from a family member — and even free moving boxes from local stores or online sources (some UHaul locations have slightly used moving boxes they give out for free).

Making connections can help you to track down the things you need for your move.

Make Connections

Networking is key when it comes to finding resources and support while moving out without any money. Reach out to family members and friends who may be able to provide financial assistance or offer help moving out.

Come up with a budget and stick to it.

Budget Carefully

When working with a tight budget, it’s important to be mindful of where your money is going. Create a budget and stick to it, so you can ensure that all of your expenses are covered without overspending.

By following these tips, you can make the transition from living at home to living independently without breaking the bank.

Moving out with no money may seem like an impossible dream, but with careful planning, help moving out and creative problem-solving, it’s possible.