I'm sharing the following Infographic courtesy of ThriftyTricks.com. No compensation of any type was received for this post. All opinions expressed in this post are my own.
It seems the trend these days is for many 20-somethings (and even older) to continue living with their parents, or else to be moving back in with them because of tough times. As a parent of a 20 year old son who still lives at home, I have conflicted feelings about this topic.
On the one hand, I know my son is nowhere near ready to live on his own. Mostly for financial reasons but also because he doesn't have a clue as to all the responsibilities living on your own entails. He has it pretty easy at home and besides a few bills, he really doesn't have to take care of much else.
On the other hand, how else will he ever learn to be responsible and support himself unless he goes out there and just has to do it? I think some parents today (me!) tend to make things way too easy on their kids and shelter them a little too much.
He will soon be 21 so he is still young. I see nothing wrong with him continuing to live at home for now, at least until he figures out his future a little bit more and becomes more financially secure. He says all the time that he wants to move out but I see no signs of him making the necessary preparations for said move (i.e. saving money). He works a full-time job but he definitely has not figured out how to save. I feel like that's a failure on our part. We have talked to him over and over about the importance of saving. But, he is a young adult and I cannot physically confiscate his paycheck and make him save money. Can I?
It's a slippery slope and tricky to figure out...just how much to butt in to the affairs of your young adult child.
At what age did you first move out on your own? Or, if you are a parent to older kids, what ages were they when they moved out?
Anyway, while we're on the subject of moving out, here's a great infographic I came across at ThriftyTricks.com -- Check it out...