Reply to College junior dc says he’d like to move back in with us to save money when he starts working. (Assuming he gets a job).

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Reply to "College junior dc says he’d like to move back in with us to save money when he starts working. (Assuming he gets a job)."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'd rather help my dc with their rent or whatever than have them move back in.[/quote]

Nope. It is wasting your DC’s money and your money. I would let my DC save their money, and I would save mine too. I see no value in paying rent to someone else.

I also dislike the idea of making kids pay rent to parents and then the parents presenting that money when kids move out.  I find that insulting to the kids maturity. My children are more than able  to save their money and invest it. They don’t have to give their rent to me for safekeeping.[/quote]
Some kids are not able to do that.  Despite "parenting".  I have one sibling who spends everything as soon as they get it.  They are almost 60.  The other 2 of us are savers, as we learned growing up.  Both of us are higher net worth now (in our 50s) because we got the concept of being fiscally responsible at a younger age and never gave that up.  Yet we grew up in same house as the one who was a spender (and who consequently chose a bad spouse who was a worse spender).

in the 20s is still time to teach your kid finances
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