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Reply to "After graduation, rent if lives at home?"
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[quote=Anonymous]In some cultures it is actually the norm not to charge rent. In fact, if you ask any Asian Indian if they would ever consider charging their parents or kids any rent they would think you are out of your mind. I was born and brought up in India and moved to US for my masters. In India when I was working in the same city as my parents, I lived at home. I think 2 years, before I came to US for masters. It never occurred to anyone to pay or charge rent. Same with every Indian who was brought up in India at least. All of my friends and family are successfully launched. I never understood having "skin in the game" for kids.. if you gave them a good upbringing, taught them the basics of money management and investing. Providing a few months or years will only provide them a leg up, similar to paying for undergrad and grad education or paying for occasional vacations or 529 for grandkids. Family is there to help each other... [/quote]
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