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Reply to "Kids live at home while paying loans?"
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[quote=Anonymous]DD is free to live with me for a few years after college to save. And I don't expect her to save every last penny towards student loans or a down payment. I want her to also enjoy being a twenty something. She's had an independent spirit since birth, so I suspect she will count down the days until she can be on her own. She's on her own for meals and expenses, and no overnight guests. I lived at home and later with an aunt and this was the setup at both. I was also a built-in sitter and cab driver for younger siblings and cousins. I was able to purchase my condo as a result, but I also did girls trips and hung out regularly. I purchased in 2008 at the age of 25, so housing prices had skyrocketed. I moved back home because transportation was taking roughly 50% of my monthly income. 90 mile daily commute (R/T), tolls, $4/gallon for gas at the time, insurance, $300/monthly car note on 38K. I took a gov't job, so not much money initially. I'd previously lived with roommates, a SO, and alone. My family regularly does this and everyone is out of the door NLT 25yo and without pushing.[/quote]
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