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Adult Children
Reply to "College Grad home after graduation"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's important for mental growth of young adults to earn their own money, learn to manage it themselves and learn to live independently. Living with mommy and daddy and being co-dependent after 21 is not a way to live and grow as adults. There is more to life than thrifting. Live on your own, manage your own budget and your own household. [/quote] Asian family here. My husband and I stayed home with our parents for 2 1/2 years until we saved up enough money to purchase the townhouse in cash for 250K in 1999. My three kids lived at home after college for two years, free food and rent, to save 100% of their salaries. They could leave the house early and come home as late as they wanted and we treated them like adults. The kids left home after two years with 250K in the bank, bought a townhouse with 75% down payment ([b]we gave each 250K in addition to their own 250k[/b]). Now they have financial freedom. My daughter will be leaving her high stress job to become a middle school teacher without having to worry about making large mortgage payments. Staying home for two or three years is perfectly fine to build that nest egg. Young adults will survive. [/quote] Talk about spoiling your kids. Wow.[/quote] Stupid typical American response. Nothing wrong with giving the kids money if they save enough money to match it, like a 401K with 100% matching. That gives them the incentive to save faster, and get the money to buy their own place. We call that financial freedom.[/quote]
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