Are you thinking about moving out of your parents’ home soon, and not quite sure what you need to have sorted before you make the final decision? If so, we have put together some tips on the things it would be good to get on top of.
1. Find out whether you can get housing benefit
If you find yourself in a situation where you will be renting, it is a good idea to check whether you can receive housing benefit (boligstøtte). If you meet the criteria, the amount of housing benefit is calculated from the household’s income, assets, the number of children and adults living in the home, the rent and the number of square metres in the home. Housing benefit can leave you with more money to spare, so there is more for various expenses.
2. Get your insurance in order
When you move out, it is important to get your insurance in order, so you are sure you can have damage covered in the event of fire, burglary or the like. Contents insurance covers these things. It is also always a good idea to take out accident insurance if you are no longer covered by your parents’ insurance. If you were to get injured and unable to work for a period, this type of insurance helps make sure you can cope with everyday bills.
3. Keep an eye on electricity and heating bills
It is a good idea to have the electricity meter and heating meters read to make sure you do not end up paying for the previous tenant’s consumption. The meters must be read on the day you move in, and the readings sent to the company that supplies electricity and heating to the flat. Also check whether the gas meter and water meter need to be read.
4. Make a budget
With a detailed budget you get an accurate overview of your finances and see how much you have available each month. This way you make sure the bills and rent can be paid and that you can make ends meet. It would be a good idea to plan your meals in advance, as food is the item in your budget that can vary the most.
5. Direct debit (Betalingsservice) – avoid reminder fees
Consider setting up direct debit (Betalingsservice) for your regular bills, so they are paid automatically when they fall due. This means you do not have to pay them manually, and also makes sure you do not overlook upcoming payments. If you have trouble setting up direct debit for a bill, contact your bank.
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