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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I can’t imagine not charging rent (my kid has a decent job l8ned up) but my husband doesn’t want our kid to rush into an apartment lease. So I don’t know.[/quote]

DC moved in after they graduated and we set up a pretend budget as if they were going to be living in an apartment and estimated their living and eating costs. (I pumped it up a bit)   We said they needed to set up an investment account at Fidelity or wherever they wanted and they needed to deposit the estimated amount into that each month. Then, we said they needed to put in the max to their company sponsored 501k plan (15%)

That way, they would not get used to too much extra spending money.

They did their own laundry and were required to cook one dinner a week for everyone.

They ended up living at home for 2 1/2 years before they moved out and had a very nice nest egg in the Fidelity account.  [/quote]

Oh man I would have loved to have had that parental situation.  My parents lost their home to foreclosure before I graduated, so I had no place to go.  I slept on the floor of my mother's studio apartment for a few months until I saved up enough to pay the security deposit (with a roommate) on the world's worst apartment.  Those first few years were terrifying - I could barely afford food on my salary.  If the smallest thing happened, from a fender-bender to a medical problem, it was a major financial crisis.  I realistically worried about ending up homeless.  I ended up deeply in debt and in a lot of trouble, and was only pulled out of it when I met my husband.  Who didn't make me pay rent, but did make me open a Fidelity account.

I would never force my child out on their own that soon if I could help it.  We will probably take your parents' approach.[/quote]

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