OK. I know you don’t want to hear this, but don’t fly the nest just yet. Yes. I know you have lived away from your parents for four years and you don’t want to give up your freedom. Trust me. I know it’s hard. I went through serious post college withdrawal when I first moved back home. I had no job, no friends, and no money. While the transition was hard, I’m glad I was able to move back home. Here’s why:
Free Free Free. My mom loves me enough to not charge me for anything…well almost anything. She does want me to put money towards the gas bill this winter, but that’s nothing compared to the $700 in bills I had every month with my apartment. I don’t have to worry about food, rent, cable, car insurance, phone, internet, or a gym membership. All I have to worry about is my cell phone bill, gas, and my student loan payment. That’s it. Living at home allows me to save money to put towards my financial goals such as moving and building an emergency fund.
Employment. Because I have solid network in my hometown, I was able to land a job two weeks after I moved back home. It’s a temporary job, but it allows me to continue to develop my skills. Having a temporary job is also better than being broke and being home with nothing to do all day. I have faith that my next opportunity is right around the corner.
No Financial Stress. I was completely stressed out over my finances this past summer. Between my minimum wage part time job and making one costly mistake, paying the bills was extremely hard. One day I was so stressed over my money that I didn’t even leave my house and cried on and off all day. I don’t have those worries living at home. All I have to focus on is finding a permanent job and saving money to move out.
Family. Although my mom can get on my last nerve and I hate driving my brother around, this is the last time we will all live together as a family. My brother goes off to college next year. My mom is moving for her job in two years and I’m moving out within a year. I cherish all our family dinners, outings, and the time we spend with other family members. The memories we are creating are priceless.
As you can see, moving back home allows you to save money, gives you a support system, home cooked meals, and reduces stress. Living at home (temporarily) may not be a bad deal after all.
Having had kids move back in (and yes, we get on each other's last nerve), I have one piece of advice for the kids. No matter how old you are, you are still your parents child. Be respectful, be helpful around the house (especially if you don't pay rent) and be courteous (like letting them know when you will be home).
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