At one point in life, you feel that you are ready for independence and moving out of your parents’ house becomes a very attractive option. Before you leap to freedom, there are several questions that you first need to ask yourself:

1) Can you afford it?
You need to question yourself is whether or not you will be able to afford it. It may seem at this point that you are earning enough from your job and that you have enough savings stored in the bank. However, the painful truth is that there are unexpected expenses that you would have to spend once you start living on your own. The cost of utilities, food, toiletries, cleaning detergents and the like are some of the things which you may be taking for granted while living at home.

2) How stable are your job and your source of income?
You may be doing well at work right now, but with the downturn of the economy and with a lot of people losing their jobs, you may want to think twice about your financial stability. How many months worth of rent and expenses will you be able to cover in case you lose your main source of income? What would be your back-up plan when this happens?

3) Are you ready to do everything on your own?
The thought of moving out and being independent of your parents may seem exciting. However, you also need to think about whether you are ready to do everything on your own. Are you a good cook, do you do your laundry, or clean the house? Your parents may have done a good job in managing your household, but that does not mean that it is an easy task.

4) Are you moving out with a roommate?
You may need to share your place with a friend to cover the cost of rent. Living together under one roof is still a huge decision. You grew up in different households and thus, what might be acceptable to one may not be acceptable to another. Make sure that you set your house rules before moving out.

5) What is your main reason for moving out?
Lastly, think about your main reason for moving out. Make sure that when you move out, it is something that you want to do rather than something you feel you have to do. Are all of your friends moving out and you are feeling the pressure to move out as well? Uncovering the real reason is very important because it will be able to give you an idea of your emotional maturity and readiness to take this big step.

After considering if you are ready you will need to follow some given points. Here are the eight most important steps in living solo:

1. Register your cash.

Make sure that your finances are solid. Come clean with what you have and what you don’t. You should have enough to cover your estimated monthly expenses and, perhaps, at least $100 to $200 left over to add to your savings. Ideally, you should have at least three months’ worth of funds ready. Also, keep in mind that many places for rent require you to make a safety deposit before you’re awarded the lease.

2. Address your living space.

Since you’re just starting, you won’t be able to afford a posh condo yet. It’s most practical for you to find a place that’s close to where you work so you won’t spend much on transportation. You could also share an apartment, condo unit, or house with your friends or workmates. You ought to make sure the location you choose is safe and clean. It’s fine to spend more to live hassle-free in a good neighborhood.

3. Inspect the contract carefully.

Read the lease that the landlord or building administrator gives you. If possible, you can request that the rent is “locked.” Requests are more likely to be granted when you inform the landlord that you’re planning to stay long-term. Take note of the other stipulations of your lease to be sure that you’re getting a fair deal. Know who you can call for repairs and other concerns.

4. Ensure your safety.

Check the interior state of the house you are moving into and make sure there are no safety hazards such as broken electrical wiring, clogged locks, and flammable materials. Check your water pipes to make sure there are leaks and make sure that the plumbing is intact. Then, make sure that your windows are checked to prevent mosquitoes and other pests.

5. Mind your health.

Going solo means there won’t be anyone who can immediately come to your rescue in case you get sick. So, for starters, don’t neglect your health. Eat nutritious meals, get enough sleep, and take vitamins. Invest in a first aid kit and over-the-counter medicine that can give you much-needed relief when you’re sick.

6. Stock up on essentials.

Have a stash of ready-to-eat food for days when you’re too tired to cook or buy food. You should also have a few bars of soap, as well as an extra bottle of shampoo and a tube of toothpaste. You should likewise never run out of sanitary napkins. You will need these reserve supplies in case of emergencies such as storms or when you’re unable to leave your place.

7. Get your keys in place.

Leave an extra pair of your house keys at your office or leave them with a trusted friend or family member. Make sure that your friends know how they can reach you. This is so they can easily find you when you need help. It’s also a brilliant decision to have someone who could check to see if you’re fine from time to time.

8. Know your neighborhood.

Familiarize yourself with your new territory. Find out where the nearest laundry shops, refilling stations, pharmacies, hospitals, shops, and grocery stores are situated. Let them Explain how and when to use their services or goods. After all, these things are necessary. Also, include hotlines for the fire department, police station and utility providers ( water, telephone, and light).