and do I really care if I'm taking the easy way out?
2007-09-02 05:48:37 · 6 answers · asked by 21dahlly 1 in Business & Finance ➔ Personal Finance
Not at all. It's actually sensible to get ready before you move out. I moved in with my parents in my 20's and paid off all my bills including a car, then saved up for a down payment on my own home. I'd never have my own home if I didn't do that. You just can't save and spend at the same time. Just make sure you are courteous to your parents so they welcome your stay.
2007-09-02 06:50:17 · answer #1 · answered by gogo7 4 · 0⤊ 0⤋
No it's not taking the easy way out as long as you respect your parents and their home rules. You also may want to keep a closer watch on your debt to income ratio so that you can position yourself to get your own place.
The number 1 reason why people often find themselves in debt is because they spend more money than they can afford to pay back. Only buy things that you know you can cover.
If that means buying a cheaper car with payments that you know you can meet then by all means do that.
Sometimes we have to learn our lessons the hard way and some of us don't have the option to return home while we straighten out our financial messes.
Good luck to you !
2007-09-02 12:59:53 · answer #2 · answered by Phade3 7 · 0⤊ 0⤋
Well, I generally tell young people they need to move out at 18 or 19 unless you are going to college in your hometown, and even then I think it is a good idea to live in the dorms. The independent spirit has been lost on this younger generation. You know, based on your question, that there is an inherent weakness in living at home, BUT that doesn't mean it's a terrible idea, what's more important is what is in your brain. If you are WANTING the easy way out, being lazy, you need to check yourself and use the opportunity to grow up and realize life is tough and you need to practice it. If your goal is to conduct yourself in an orderly way, to transition into an independent life in a controlled, methodical way, then I wouldn't condemn you for staying at home FOR AWHILE, maybe a year or so. And during that year prepare yourself financially to go out on your own and avoid the usual financial pitfalls so many fall into.
2007-09-02 13:14:02 · answer #3 · answered by The Scorpion 6 · 1⤊ 1⤋
Sounds pretty smart to me. Take advantage of it, because you parents may not want you moving back in later on. You may let you, but they may not want to. Get it paid off and keep it that way.
2007-09-02 12:56:29 · answer #4 · answered by golden rider 6 · 1⤊ 0⤋
No, some of my friends do that, too. It's a good idea to save money. I'm in my own apartment and I'm always broke.
2007-09-02 12:56:13 · answer #5 · answered by poeticjustice 6 · 1⤊ 0⤋
Sometimes it could be the smart thing to do as long as you are not over 25. If you're over 25, then you definately need better life skills.
2007-09-02 12:54:19 · answer #6 · answered by Muga Wa Kabbz 5 · 0⤊ 1⤋