Comments on: ‘Kidults’ – When Should They Move Out? http://www.barefootinvestor.com/moving-out-of-home-costs/ Personal Financial Advice Tue, 07 Feb 2012 07:40:15 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Marina http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-16004 Marina Fri, 06 Jan 2012 23:15:08 +0000 http://www.barefootinvestor.com/?p=1317#comment-16004 I think some young adults are responsible and some aren't. Moving out of home doesn't automatically mean you are. There are a significant number of people living out of home who have their expenses paid for or subsidised by their parents - I know a scary number of these. You picked a bad example, anecdotes do nothing. I live at home, am 23, graduated last year and make $60k. I am the oldest sibling with a single Mum so I provide a lot of help and it's a mutually beneficial arrangement. I pay $400 a month rent plus food, and stay over with my boyfriend a couple of nights a week so I have a bit of space. I bought my car outright and have $55k in savings. I will probably buy a house soon. I keep thinking of moving out but as I'm so close to buying a place I think it would be silly to waste more money on rent when I'm quite happy here. Mum isn't that well off but I don't completely exploit her. Considering other people give their kids large sums of cash, cars, house deposits or pay their HECS I don't think the subsidised rent I pay is that big a deal. I dislike non-independent young adults too but it's not as simple as who has moved out and who hasn't. I even had a friend who went to the UK for uni and her dad still pays for most things (college fees, laptop etc). Sure she's on the other side of the world but is she really independent? I think some young adults are responsible and some aren’t. Moving out of home doesn’t automatically mean you are. There are a significant number of people living out of home who have their expenses paid for or subsidised by their parents – I know a scary number of these.

You picked a bad example, anecdotes do nothing. I live at home, am 23, graduated last year and make $60k. I am the oldest sibling with a single Mum so I provide a lot of help and it’s a mutually beneficial arrangement. I pay $400 a month rent plus food, and stay over with my boyfriend a couple of nights a week so I have a bit of space. I bought my car outright and have $55k in savings. I will probably buy a house soon. I keep thinking of moving out but as I’m so close to buying a place I think it would be silly to waste more money on rent when I’m quite happy here. Mum isn’t that well off but I don’t completely exploit her. Considering other people give their kids large sums of cash, cars, house deposits or pay their HECS I don’t think the subsidised rent I pay is that big a deal.

I dislike non-independent young adults too but it’s not as simple as who has moved out and who hasn’t. I even had a friend who went to the UK for uni and her dad still pays for most things (college fees, laptop etc). Sure she’s on the other side of the world but is she really independent?

]]> By: Rainy Day Savings Fund For Unemployment In Bad Economic Times — Rambling Thoughts Blog http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-11950 Rainy Day Savings Fund For Unemployment In Bad Economic Times — Rambling Thoughts Blog Tue, 18 Oct 2011 08:42:38 +0000 http://www.barefootinvestor.com/?p=1317#comment-11950 [...] you’re a parent you my have the nagging suspicion that your grown up 20-something year old kids (also known as “kidults”) think of you as their emergency fund in case dire financial circumstances befall [...] [...] you’re a parent you my have the nagging suspicion that your grown up 20-something year old kids (also known as “kidults”) think of you as their emergency fund in case dire financial circumstances befall [...]

]]> By: Marcy Britten http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-710 Marcy Britten Sun, 22 Aug 2010 03:12:04 +0000 http://www.barefootinvestor.com/?p=1317#comment-710 Chris Walsh, you are one clever cookie! Chris Walsh, you are one clever cookie!

]]> By: Simon B http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-643 Simon B Mon, 16 Aug 2010 04:02:27 +0000 http://www.barefootinvestor.com/?p=1317#comment-643 I dissagree with this sweeping generalisation. I am 27, and have moved back home after several years working and studying overseas, as a means of saving some money. I pay a small board ($400/month) and help out around the house, and in the year I have been home I have managed to save $20,000 - at least $10,000 of which I put down to the 'helping hand' of my parents. For me, living at home is purely economic (although it is only made bareable by the fact I get along excellently with my parents), and because of this, it is my primary motivation for saving. In short, living at home has made me far more financially aware, because it is the goal of saving money that is keeping me at home. I dissagree with this sweeping generalisation. I am 27, and have moved back home after several years working and studying overseas, as a means of saving some money. I pay a small board ($400/month) and help out around the house, and in the year I have been home I have managed to save $20,000 – at least $10,000 of which I put down to the ‘helping hand’ of my parents. For me, living at home is purely economic (although it is only made bareable by the fact I get along excellently with my parents), and because of this, it is my primary motivation for saving. In short, living at home has made me far more financially aware, because it is the goal of saving money that is keeping me at home.

]]> By: Clesthaven http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-568 Clesthaven Sat, 31 Jul 2010 10:45:58 +0000 http://www.barefootinvestor.com/?p=1317#comment-568 I had a boyfriend who was 26 and still lived at home with his mum doing everything for him. When we moved in together it lasted only a couple of weeks as he couldn't do anything such as washing his clothes, etc and expected me to wait on him hand and foot. My next partner had moved out at 20 and lived independently for the past 15 years and he was very capable - more so than me!!! I had a boyfriend who was 26 and still lived at home with his mum doing everything for him. When we moved in together it lasted only a couple of weeks as he couldn't do anything such as washing his clothes, etc and expected me to wait on him hand and foot. My next partner had moved out at 20 and lived independently for the past 15 years and he was very capable – more so than me!!!

]]> By: Nathan O'Brien http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-567 Nathan O'Brien Sun, 25 Jul 2010 14:59:13 +0000 http://www.barefootinvestor.com/?p=1317#comment-567 I'm the middle child of three, and two of us aren't "kidults". My older sibling and I both moved out of home around age 18-19 (we're now in our mid to late 20's), and are now far better financially educated than our younger sibling, in their mid 20's, who still lives at home with mum & dad.<br><br>While I never really had a choice to live at home, due to financial and geographic reasons, I still think it is up to the individual to decide how financially savvy they are going to be, regardless of whether they are "kidults" or not. I know people from both categories who have made great financial choices. Similarly, I know people from both categories who have made some absolutely shocking financial decisions.<br><br>What I HAVE noticed, however, is that non-kidults tend to 'bounce back' better, since they don't have the safety net that comes with living at home. I'm not a kidult, and even though I would have saved a bucketload if I'd stayed at home, I'm glad I didn't. For my future's sake. I'm the middle child of three, and two of us aren't “kidults”. My older sibling and I both moved out of home around age 18-19 (we're now in our mid to late 20's), and are now far better financially educated than our younger sibling, in their mid 20's, who still lives at home with mum & dad.

While I never really had a choice to live at home, due to financial and geographic reasons, I still think it is up to the individual to decide how financially savvy they are going to be, regardless of whether they are “kidults” or not. I know people from both categories who have made great financial choices. Similarly, I know people from both categories who have made some absolutely shocking financial decisions.

What I HAVE noticed, however, is that non-kidults tend to 'bounce back' better, since they don't have the safety net that comes with living at home. I'm not a kidult, and even though I would have saved a bucketload if I'd stayed at home, I'm glad I didn't. For my future's sake.

]]> By: Nathan O'Brien http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-619 Nathan O'Brien Sun, 25 Jul 2010 14:59:13 +0000 http://www.barefootinvestor.com/?p=1317#comment-619 I'm the middle child of three, and two of us aren't "kidults". My older sibling and I both moved out of home around age 18-19 (we're now in our mid to late 20's), and are now far better financially educated than our younger sibling, in their mid 20's, who still lives at home with mum & dad.<br><br>While I never really had a choice to live at home, due to financial and geographic reasons, I still think it is up to the individual to decide how financially savvy they are going to be, regardless of whether they are "kidults" or not. I know people from both categories who have made great financial choices. Similarly, I know people from both categories who have made some absolutely shocking financial decisions.<br><br>What I HAVE noticed, however, is that non-kidults tend to 'bounce back' better, since they don't have the safety net that comes with living at home. I'm not a kidult, and even though I would have saved a bucketload if I'd stayed at home, I'm glad I didn't. For my future's sake. I'm the middle child of three, and two of us aren't “kidults”. My older sibling and I both moved out of home around age 18-19 (we're now in our mid to late 20's), and are now far better financially educated than our younger sibling, in their mid 20's, who still lives at home with mum & dad.

While I never really had a choice to live at home, due to financial and geographic reasons, I still think it is up to the individual to decide how financially savvy they are going to be, regardless of whether they are “kidults” or not. I know people from both categories who have made great financial choices. Similarly, I know people from both categories who have made some absolutely shocking financial decisions.

What I HAVE noticed, however, is that non-kidults tend to 'bounce back' better, since they don't have the safety net that comes with living at home. I'm not a kidult, and even though I would have saved a bucketload if I'd stayed at home, I'm glad I didn't. For my future's sake.

]]> By: Reds make Remy move | International News - Stay up to date with the latest World News, Finance & Business, Green News, Technology and Sports http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-566 Reds make Remy move | International News - Stay up to date with the latest World News, Finance & Business, Green News, Technology and Sports Fri, 16 Jul 2010 12:30:26 +0000 http://www.barefootinvestor.com/?p=1317#comment-566 [...] 'Kidults' – When Should They Move Out? | The Barefoot Investor [...] [...] 'Kidults' – When Should They Move Out? | The Barefoot Investor [...]

]]> By: Meags http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-564 Meags Fri, 16 Jul 2010 11:59:50 +0000 http://www.barefootinvestor.com/?p=1317#comment-564 10 years ago when i turned 18 my parents moved overseas- yes thats right they took off backpacking for 18 months- so i was forced to move out- i supported myself through Uni- two degrees and bought a house during my second degree which i later kept as an investment and bought another house closer to the CBD. I am thankful my parents left as I had to stand on my own feet and realise rent money is dead money. I have recently sold the investment to allow us to have extra cash whilst we start a family but even with that sale we are sitting on 200k in equity in the house we live in yet friends i went through school with who earn double what i do live at home and have car loans etc and nothing in the bank. I guess my dad (who is a banker) taught us well and the forced eviction which seemed so harsh was a brilliant experience for them and a great learning experience for me. The one thing I would say is if you want to buy a house anyone can do it- I earnt 35k a year when i bought my first house- it was a tiny three bedder on the train tracks 60k's out of the city but I made 50k off it in 2 years- which has enabled me to move closer to the city and live in the area I want. 10 years ago when i turned 18 my parents moved overseas- yes thats right they took off backpacking for 18 months- so i was forced to move out- i supported myself through Uni- two degrees and bought a house during my second degree which i later kept as an investment and bought another house closer to the CBD. I am thankful my parents left as I had to stand on my own feet and realise rent money is dead money. I have recently sold the investment to allow us to have extra cash whilst we start a family but even with that sale we are sitting on 200k in equity in the house we live in yet friends i went through school with who earn double what i do live at home and have car loans etc and nothing in the bank. I guess my dad (who is a banker) taught us well and the forced eviction which seemed so harsh was a brilliant experience for them and a great learning experience for me. The one thing I would say is if you want to buy a house anyone can do it- I earnt 35k a year when i bought my first house- it was a tiny three bedder on the train tracks 60k's out of the city but I made 50k off it in 2 years- which has enabled me to move closer to the city and live in the area I want.

]]> By: Austmade http://www.barefootinvestor.com/moving-out-of-home-costs/#comment-565 Austmade Fri, 16 Jul 2010 11:55:32 +0000 http://www.barefootinvestor.com/?p=1317#comment-565 Sounds like this Little Princess needs to adjust her tiara and get a taste of real life - just like the rest of the peasants! Sounds like this Little Princess needs to adjust her tiara and get a taste of real life – just like the rest of the peasants!

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