2007-01-06 06:16:17 · 10 answers · asked by leesheen20 1 in Business & Finance ➔ Renting & Real Estate
No,its scrounging.
2007-01-06 06:21:22 · answer #1 · answered by Pat R 6 · 0⤊ 0⤋
My brother and sister have both moved back home within the last six months for this reason. My mother is making them pay rent, but they are saving money because they are paying a lot less than the market rate, and they have a lot of free food to help themselves to whenever they feel like it.
I think the biggest challenge for them is that as they have lived away from home before, they are used to a certain degree of independence, and feel that they no longer get this.
But, I don't necessarily agree with them. For example, if they are going out, my mum will say "where are you going?" and they take that to be an invasion of privacy. But I live in a sharehouse and if my housemate said that to me, I'd consider it to be just making conversation, not invading my privacy! My mum isn't telling them where they can or can't go; she's simply asking where they are going.
But I definitely agree that it is a good way of saving money. If I were you I would totally do it, IF you are going to do the following:
a) Treat your parents with respect. Remember that you are now an adult and they can be more like friends or housemates rather than parents IF they're cool with that. If they still want to be your mum and dad then you'll have to put up with that.
b) Don't treat it as a totally free ride. Either offer to pay a set amount per week for rent or volunteer to look after some of the household bills and then fully pay those yourself.
That said - you don't specify who you consider to be family - but if it involves small children you wouldn't get me moving in there!
2007-01-06 15:09:46 · answer #2 · answered by Anonymous · 1⤊ 0⤋
this is a two bladed sword question on one hand you can save a lot of money and move out between 6 months to year if you live in a place where market is high it could take well over a year and the other side of the sword is if you have a wife or girlfriend it does put a damper on the relationship it is also harder if you have kids and your parents are not used to it, another bad reason is sometimes the parents get used to you spending money on them with emergency's and money saving is a thing of the past. I hope it works well for you
2007-01-06 14:37:33 · answer #3 · answered by stefania_n2000 4 · 0⤊ 0⤋
Do you mean you are buying your house but want to move back in with your family to save money on the bills while leaving it empty. if so you will need to let your mortgage company know the house is empty and the same for any insurers or your insurance may become invalid.
Why don't you just rent out a spare bedroom to help with the bills?
2007-01-06 14:26:17 · answer #4 · answered by D B 6 · 0⤊ 0⤋
Yeah sure so long as its not too long. Saving to buy a house is good if your family are supportive and are willing to help you.
2007-01-06 14:18:20 · answer #5 · answered by Scatty 6 · 1⤊ 0⤋
If you're not too keen on staying with your family for long try the website below for an alternative way to buy property.
2007-01-06 18:47:35 · answer #6 · answered by humee 1 · 0⤊ 0⤋
Yes....thats what i did! and now i own my house! but now i want to sell it cuz i STILL cant afford it....make sure u save A LOT of money trust me!
2007-01-06 15:24:32 · answer #7 · answered by Just Wondering 5 · 0⤊ 0⤋
Seems reasonable, you don't get cheaper than good old Mum and Dads.
2007-01-06 14:21:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋
no
why did you move out in the first place?
2007-01-06 14:17:08 · answer #9 · answered by Anonymous · 0⤊ 0⤋
yeah sure if they dont mind =)
2007-01-06 14:19:30 · answer #10 · answered by MAK 4 · 0⤊ 0⤋