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Frankie 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 guidance

This 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/Youth

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