Kids live at home while paying loans?
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Anonymous
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DD is free to live with me for a few years after college to save. And I don't expect her to save every last penny towards student loans or a down payment. I want her to also enjoy being a twenty something. She's had an independent spirit since birth, so I suspect she will count down the days until she can be on her own. She's on her own for meals and expenses, and no overnight guests. I lived at home and later with an aunt and this was the setup at both. I was also a built-in sitter and cab driver for younger siblings and cousins. I was able to purchase my condo as a result, but I also did girls trips and hung out regularly. I purchased in 2008 at the age of 25, so housing prices had skyrocketed. I moved back home because transportation was taking roughly 50% of my monthly income. 90 mile daily commute (R/T), tolls, $4/gallon for gas at the time, insurance, $300/monthly car note on 38K. I took a gov't job, so not much money initially. I'd previously lived with roommates, a SO, and alone.
My family regularly does this and everyone is out of the door NLT 25yo and without pushing. |
Anonymous
| DH and I lived with my folks for a year or so after law school. That allowed us to pay off my loans. Bought a house, traded up to a bigger house, and are financially set. Best decision we ever made. Hoping our kids will do the same thing down the road. Makes sense. |
Anonymous
Your sons are going to want to live on their own so they can have sex. I would never have sex with a guy in his PARENT's house. Too disrespectful. My DH moved out for the reason I stated above. I lived at home to save up for a down payment and pay off my student loans. If I hadn't stayed home, we never would have had the money for a down payment on our house. Your kids need to make wise choices and not take on a massive amount of debt they will take decades to pay off. |