Offer your thoughts or opinion on the input financial query or topic using your financial background.

How do I know when I am financially stable/ready to move out on my own?
One major concern with moving out on your own is can you afford rent each month, be it an apartment or a house payment. You'll hear people say that anywhere from 25% to 40% of your monthly after-tax income should go to housing. 40% seems very high to me and quite risky. I'd go for closer to 30% of your monthly after-tax income and not any higher, but that's just my opinion.  I had a friend that moved out of his parents house about the same time that I did. He bought himself a house, and then he immediately started looking for roommates to help pay for his house. It really was a good idea, and I wish that I'd been in a position to do the same, because I'm sure that it saved him a lot of money for the first couple of years. Apart from that, my only advise would be to get a house if you can afford it. 1) Interest rates are very low right now, and 2) if you're paying rent to someone (for an apartment or whatever) then you're just throwing your hard-earned money away. Good luck!