Reply to Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home

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Reply to "Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home - RENT FREE"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I still like her advice. I’m ok with her kids living at home. [/quote]

It seems opposite to her advice for raising independent children. Advice for thee, not me.[/quote]
She’s a financial advice columnist, not a parenting coach. And her children are saving serious amounts of money on rent. I guess you’d rather have your kids rent fancy apartments and eat avocado toast in the name of independence LOL.[/quote]

I moved in with my DHs family to save up for a house and the timing couldn’t have worked out better. I got low rates and refied into the record 2% rates. Rent from paying $2500 for rent to saving $30k+ a year. No brainer. And a good idea for parents who don’t have savings to pay for your kids’ college; let them have free rent.[/quote]

+1000

Living at home for a few years after college to save $$$$ will not stunt most 20 somethings from "fully becoming an adult". If anything, it take maturity to recognize the financial benefits to doing this and giving up living fully on your own to do it.  But saving $1500+ per month is a huge thing. And can change the trajectory of your future.  It's actually quite mature to recognize the benefits of it.

Where we live rent is over $2K/month for an adequate 1 bedroom.  2 bedrooms are over $3k, and then you have issues of "what if my roommate leaves and I'm stuck with the full lease" or having to move every year if the roommate leaves.  Saving $25K for 2 years (plus actually more as I wouldn't' require my kid to pay for food when eating at home if they live with us).  Bank $75K+ after 2 years and you will be well set for the future
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