Plan to live alone

There comes a time in life when everyone wants to be independent and then they think of a way to start this new stage. Usually they start it by leaving their parents’ house, but this is a very important decision, since bearing the costs of a house is something that requires financial planning and discipline.

The economist and professor at IBE/FGV, Paulo Grandi, explains that the first step before going to live alone is to organize yourself financially and find out if there is money to cover the costs. “Make a list of expenses such as rent, water bill, electricity, transport, food and others. Finally, make sure you have enough income to cover these bills”, explains the specialist.

He warns that the person needs to have stability with this income. “Avoid making this decision when you’re not confident at work or have been with the company for a short time,” warns Grandi.

Don’t forget to budget for smaller day-to-day expenses as well as your usual personal expenses, such as leisure and education. If necessary, review your personal budget and adjust values.

It is also necessary to have a reservation for the purchase of furniture in the house. Try not to enter this new stage with debts or installments for the future, so plan ahead and do a lot of price research to furnish the property. Remember, those who pay in cash guarantee more discount on purchases. If you have to opt for financing, include the amounts in the budget and check once again if you can afford the costs.

Another way to get out of your parents’ house is to share a space – house or apartment – ​​with a friend. This decision drastically reduces costs, but you have to be careful. “Check if the person with whom you will share the expenses is able to assume their share, because if they do not honor their share, you will have to pay more money than you planned”, warns the professor.

Another care that must be taken is the affinity with the other resident. Often the two may have relationship problems that they cannot resolve and, in this way, damage the partnership. And to break the loss of a friend and gain a headache.

As for the choice of property, it is necessary to evaluate each case. Often paying rent can be more advantageous than opting for financing, which is usually long, with terms of 20 to 30 years.

Planning is the key word. With good planning you will surely reach your goal of living alone faster. “In addition, control your budget and don’t spend more than you earn. Set aside a part of the income to cover expenses in case of emergencies and also make investments”, concludes the professor.