The day is coming too quickly (or, perhaps, not soon enough): your child is moving out! Move-out day is an exciting milestone for both parents and young adults. With the right guidance, your child can step into this new chapter with clarity and success. Here are some practical steps to get your child financially move-out ready.

Educate Your Child About Real Expenses

Many young adults don’t fully realize all the expenses that come with living independently. Sharing your own household budget or expense breakdown can be an eye-opening way to help them understand where money goes each month.

Be sure to discuss:

• Rent and utilities
• Groceries and personal care
• Transportation
• Insurance
• Debt obligations
• Furnishing their home
• Dining out and entertainment
• Travel expenses

Exploring these expenses with your child will help them set realistic expectations and equip them to spend wisely.

Help Them Build a Realistic Budget

A balanced budget, where monthly expenses fit comfortably within after-tax income, is essential for a successful move. Without this, financial stress can quickly arise.

Research actual living costs in the area where your child plans to live, and help match those expenses to the lifestyle they want to maintain. Guide your child in making smart choices — like living with a roommate to share rent, choosing a reliable used car or cooking at home more to save on dining out.

In the past, budgeting involved pens and paper, but it doesn't have to anymore. Horizon members can access free digital budgeting tools online or in the app!

Make a Smooth Transition

A solid budget is just the start — the next step is taking action. Here are some ways to make moving out smoother:

• Set a move-out date
• Help your child find job opportunities that increase their income
• Go apartment hunting together to find a place that fits their budget
• Be clear about what expenses — if any — you will continue to help them with

Supporting your child on their path to financial independence is a rewarding journey. With your encouragement and practical steps, you’re helping them build a strong foundation for a confident, self-sufficient future!

Does Your Child Need a Checking or Savings Account?

As an adult, your child will need a checking and savings account for everyday spending and saving. If they're under 18, head to a Horizon branch and get them started with a youth account. These accounts will roll over into adult accounts when the time comes.

If they're over 18, they can open an account online or visit their nearest branch. We'll be happy to see them and get them on the right path!