Send us a textFrankie and Alfredo explore the real costs of moving out and establishing independence, sharing their different experiences transitioning from living with parents to managing their own households.Hidden expenses beyond rent include utility deposits, application fees, and the surprising cost of groceries.First-time movers often underestimate how quickly food costs add up, especially when eating out!Creating an emergency fund is essential for unexpected expenses like car repairs.Furniture costs can be managed by shopping secondhand through Facebook Marketplace and thrift stores.Additional expenses include technology needs, internet, cell phone, auto insurance, and renter's insurance.Before moving out, create a "trial budget" and live by it for 2-3 months to test readiness.Premier America's Financial Wellness Center offers free rental counseling and personalized guidanceThis week's family challenge: Older kids research and create a trial budget; younger kids design a dream room with real costs to understand needs versus wants.Learn More at PremierAmerica.com/YouthFederally Insured by NCUA.

Ver todos los episodios