Reply to Rental costs for young adults moving out

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[quote=Anonymous]My DS is also in the same situation.  He graduated from GMU last year with a CE degree and is currently working on a 130K salary but he is living at home to save money before moving out.  He plans on living at home for another two years and he is saving almost 100% of his paycheck since he doesn't have to pay for housing, food, utilities, cell phone, or car insurance.   He spends about 5K for a two weeks vacation with friends.  As an Asian family, DH and I really stretch the importance of having a cash reserve so DS will have over 200K when he moves out.  His GF, a UVA graduate, is also living at home to save money.  That way, when they move out and get married, they will have about 350K in cash reserves to start their new lives.  I don't get the idea that adult kids, 24 years old or less, are moving out as soon as they graduate from college and have jobs.  Stay at home for a few years to build up the financial cushion so that they can weather unexpected things in life like layoff.  Life is less stressful when you have a lot of money in the bank to weather storms while figuring out the next move. [/quote]

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