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Money for Life work in partnership with the Money Advice Service, an independent organisation set up by government. Money AdviceService provides free, unbiased money guidance across the UK to help people make the most of their money.  If you have a question or need help, you can chat to them here.

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Chat to the Money Advice Service
Monday to Friday, 8am to 6pm
Saturday, 9am to 1pm.

 

Quiz: Do you know what you need for your first place?

Are you thinking about moving out and finding your first home?

Question 1

What do you need to save for when you're planning your move?

You need rent and a deposit

WRONG... The answer is You need rent and a deposit

Once you know roughly how much renting costs, put together enough to cover two months rent. This will cover your deposit, along with your first month.

Question 2

Do you have to consider any extra costs?

I've got to make sure my bills are covered!

WRONG... The answer is I've got to make sure my bills are covered!

Bills, bills, bills. Remember to think about your utility bills and council tax. Plus, you might need to consider letting agent fees too!

Question 3

Do you have to sign a year long long contract?

Not always - sometimes it can be shorter

WRONG... The answer is Not always - sometimes it can be shorter

Contract lengths vary, so make sure you're clear when you sign up how much you're signing for.

Well done! Looks like you're all ready to make it out there on your own.
Check out some more rent and bills related articles below.

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Money for Life work in partnership with the Money Advice Service, an independent organisation set up by government. Money AdviceService provides free, unbiased money guidance across the UK to help people make the most of their money.  If you have a question or need help, you can chat to them here.

Launch Chat

Chat to the Money Advice Service
Monday to Friday, 8am to 6pm
Saturday, 9am to 1pm.