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Reply to "Rent for newly graduated child"
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[quote=Anonymous][quote=Anonymous]Slightly different situation as DC had a job that paid enough to live away from home. We figured out how much it would cost DC to live away from home. Then, he had to save that every month in addition to maxing his 401k. He also was responsible for his breakfast and lunches and had to cook one night a week. Everyone did a variety of chores but none were specifically assigned. He lived at home for 2 1/2 years and saved enough for a down payment plus a bit. He moved into an apartment and has invested his savings as he doesn’t want the burden of ownership yet. I have your DC set up some sort of savings plan so that she has some money to help with graduate school and so she doesn’t get used to having a decent amount of discretionary spending. [/quote] That’s a lot of helicoptering. Here’s what we did. Kid: “I want to live at home for a while and save some money.” Us: “Sounds good.” Done. [/quote]
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