5705 Cancross Court Suite #200, Mississauga, ON L5R 3E9View on Map »

Leaving Home

Many people will eventually leave the home they grew up in and find a home of their own. However, everyone is different. Some people leave home when they are very young, others wait till they are in their thirties, and some people live with their family all their lives.

Leaving your family home can be one of the biggest decisions you'll ever make in your life, so don't do anything without careful consideration and planning. Jobs for young people are scarce and generally not well paid, while the cost of accommodation is always rising. There is much to think about before making a decision to leave home.

When you begin to plan leaving home it is a good idea to think through the consequences and your needs. Some things to think through before deciding to leave home may include:

Do I Have Somewhere Safe to Live?

Do I Have Enough Money to Support Myself?

Who Would Support Me in Making the Move?

If you are a young adult on the verge of leaving home, our best advice it to talk to someone else about their experiences (parents, grandparents, etc.) so that you are more fully prepared for the road ahead.

Contact our office if you have any questions about preparing a household budget to help you manage your expenses in your new home.

This publication and website are intended for Ontario residents only and the information contained is subject to change without notice. Mutual Funds are offered and regulated through Global Maxfin Investments Inc. (GMII). Insurance products (including Segregated Funds) and Income Tax Planning is provided under the name of Ausim Mobeen. GMII does not supervise these activities and will not be accountable, responsible or liable for such activities. This publication contains opinions of the writer and may not reflect opinions of GMII. The information contained herein was obtained from sources believed to reliable, but no representation, or warranty, express or implied, is made by the writer or GMII or any other person as to its accuracy, completeness or correctness. This publication is not an offer to sell or a solicitation of an offer to buy any of the securities. The securities discussed in this publication may not be eligible for sale in some jurisdictions. If you are not a Canadian resident, this report should not have been delivered to you. This publication is not meant to provide legal or account advice. As each situation is different you should consult your own professional advisors for advice based on your specific circumstances.