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Reply to "Rent for newly graduated child"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Oh just stop. Don’t play any games. The kid lives with you rent free. End of story. [/quote] This is how we handle it. [/quote] Same. Rent and board so kid can save and invest with goal of moving into their own place. [/quote] + 1 Same. It hardly costs us anything to provide them all the comforts of home if they stay with us. It is a low-cost help that parents can give to their children but it can make a significant impact on the adult children well-being, finances, mental health and really expand their options. Another thing to understand is that when college grads start their new jobs, it is a stressful time in their life. Having the domestic side of life taken care of is a big mental stress off their minds and they can settle down in their career with more ease and less stress. Knowing that parents have your back is huge Finally, if your kids have student debt, make them stay with you (if their job location allows that) and make sure that they pay off their debt before they leave your house. Doesn't matter if it takes 2-3 years. US is not an economy and society where the poor will do well. Give as much of a leg up to them that you can give. If you cannot pass on generational wealth then give them a home for some years.[/quote]
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