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[quote=Anonymous][quote=Anonymous]I graduated college and moved home with a full time job and enrolled in graduate school. My parents told me I could live at home rent-free for two months and then either move out on my own or pay rent at home. I moved out in a month and into an apartment that my sister wouldn't even visit (it was bad.) I ate a lot of ramen, had to go into my office on the weekends to work on my grad stuff since I couldn't afford the internet, and struggled through to my first promotion that gave me the tiniest bit of breathing room. I would not trade that experience for anything. I developed confidence I would not have found otherwise and learned how to live on little. And yeah, I also knew that my parents would have helped if I found myself in a bind but I never asked them for a dime. I'll be giving my daughters the gift of an education and after that it's launch time. There's a reason that kids today lack grit.[/quote] You can develop grit and ability to adult by living at home, paying minimal rent and saving saving saving for 6months+. Yeah, I'm not letting my kid live at home, work only part time, party all the time and not save anything---they want to do that they can get an apartment. But why would you not want to give your kid a leg up and help them save for the future by living at home for a bit after starting out? Around me, 1 bedroom apartments are $2.5K+. I have a large home so my kid can live at home for a few years if desired and save that 2.5/month. After 2 years they will have 60K saved. Just makes financial sense. [/quote]
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