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    • chrishar
    • By chrishar 12th Sep 16, 12:23 PM
    • 178Posts
    • 16Thanks
    chrishar
    Moving out of parents when 35
    • #1
    • 12th Sep 16, 12:23 PM
    Moving out of parents when 35 12th Sep 16 at 12:23 PM
    Hi,
    Just looking for some advice as I am 35 and live at my parents. A big reason for this is I loaned a massive amount of money to them many years ago so can live here rent free indefinitely.
    When I can save nearly all my wages each month it's difficult to imagine spending half of it on rent/mortgage when I pay nothing now.
    Any advice whether I should forget about the money or stay and keep saving for longer?
    Thanks
Page 1
    • AdrianC
    • By AdrianC 12th Sep 16, 12:26 PM
    • 14,789 Posts
    • 13,143 Thanks
    AdrianC
    • #2
    • 12th Sep 16, 12:26 PM
    • #2
    • 12th Sep 16, 12:26 PM
    If you're happy living with your parents, and they're happy with you still living there, then it's entirely your choice.
    • kamdeux
    • By kamdeux 12th Sep 16, 12:30 PM
    • 25 Posts
    • 18 Thanks
    kamdeux
    • #3
    • 12th Sep 16, 12:30 PM
    • #3
    • 12th Sep 16, 12:30 PM
    Would staying at home and buying a place to rent out be a viable option for you?

    That way your money could be working for you whilst you keep your living costs low and you have a property out there if you needed a home for yourself in the future.

    Only you can judge if staying at home suits your lifestyle though.
    • ringo_24601
    • By ringo_24601 12th Sep 16, 12:30 PM
    • 16,859 Posts
    • 27,379 Thanks
    ringo_24601
    • #4
    • 12th Sep 16, 12:30 PM
    • #4
    • 12th Sep 16, 12:30 PM
    If you're happy living with your parents, and they're happy with you still living there, then it's entirely your choice.
    Originally posted by AdrianC
    No, the random people on the internet must decide his fate. He has rolled his dice - we must decide.

    You're only a year younger than me. I've got my own home, 2 kids and a wife.

    Do you ever plan on growing up?
    • Minkybob
    • By Minkybob 12th Sep 16, 12:30 PM
    • 51 Posts
    • 86 Thanks
    Minkybob
    • #5
    • 12th Sep 16, 12:30 PM
    • #5
    • 12th Sep 16, 12:30 PM
    If you and your parents are happy with the situation why hurry? Stay as long as you want or circumstances change.

    Imo the only reason people usually move out from their parents is for their own freedom, that or their parents chuck them out.

    It's great you have such a good relationship with them.
    • fairy lights
    • By fairy lights 12th Sep 16, 12:38 PM
    • 7,946 Posts
    • 26,486 Thanks
    fairy lights
    • #6
    • 12th Sep 16, 12:38 PM
    • #6
    • 12th Sep 16, 12:38 PM
    You can stay with your parents for as long as you like, but if you ever get a girlfriend it might cause problems.
    • cjdavies
    • By cjdavies 12th Sep 16, 12:42 PM
    • 2,426 Posts
    • 2,367 Thanks
    cjdavies
    • #7
    • 12th Sep 16, 12:42 PM
    • #7
    • 12th Sep 16, 12:42 PM
    Since you asking on a public forum, you are working, I thnk it's time to move out - once you do you will not want to move back, I wouldn't. I moved out on my own at 25 in my own home on my own and still here today on my own, love it (apart form 100% bills lol), but wouldn't change it.
    • glasgowdan
    • By glasgowdan 12th Sep 16, 1:08 PM
    • 2,306 Posts
    • 2,566 Thanks
    glasgowdan
    • #8
    • 12th Sep 16, 1:08 PM
    • #8
    • 12th Sep 16, 1:08 PM
    I think the OP is on the wind up

    Why not buy a flat, given you've been thinking about it? Or move into the one you already own? Or grow up and give your parents peace?
    • Pa Ja
    • By Pa Ja 12th Sep 16, 1:11 PM
    • 66 Posts
    • 42 Thanks
    Pa Ja
    • #9
    • 12th Sep 16, 1:11 PM
    • #9
    • 12th Sep 16, 1:11 PM
    Some may view your current situation as, "Time to move on/grow-up, Learn life skills and life's troubles", etc... It's up to you to gauge what you want from life. Do you want your own space to invite people round... Freedom to do what you want?
    You're very-very fortunate that you have a relationship with your parents that makes living with them plausible.

    Best advice I would give is, Save as much as possible and pay as much as you can into your pension.
    Could you save half your wage and live off the other half? It will help to teach you to budget for eventually living on your own or within a relationship.
    • glasgowdan
    • By glasgowdan 12th Sep 16, 1:12 PM
    • 2,306 Posts
    • 2,566 Thanks
    glasgowdan
    http://forums.moneysavingexpert.com/showthread.php?t=5414767
    http://forums.moneysavingexpert.com/showthread.php?t=5436635
    http://forums.moneysavingexpert.com/showthread.php?t=4934975
    http://forums.moneysavingexpert.com/showthread.php?t=4902320
    http:http://forums.moneysavingexpert.com/showthread.php?t=5448142&page=2//forums.moneysavingexpert.com/showthread.php?t=4934975
    • marksoton
    • By marksoton 12th Sep 16, 1:34 PM
    • 16,509 Posts
    • 36,524 Thanks
    marksoton
    Hi,
    Just looking for some advice as I am 35 and live at my parents. A big reason for this is I loaned a massive amount of money to them many years ago so can live here rent free indefinitely.
    When I can save nearly all my wages each month it's difficult to imagine spending half of it on rent/mortgage when I pay nothing now.
    Any advice whether I should forget about the money or stay and keep saving for longer?
    Thanks
    Originally posted by chrishar
    Hmmm, i've considered the information you've provided and assessed your different options.

    The computers still coming back saying you're a complete and utter....Oh blimey, who knew a cat would trigger a Spam filter....
    • Smodlet
    • By Smodlet 11th Oct 16, 6:04 PM
    • 2,036 Posts
    • 4,544 Thanks
    Smodlet
    Me, when I wanted to use an affectionate name for a cat preceded by a five letter word that starts with "p" and and in "ussy".
    What is this life if, sweet wordsmith, we have no time to take the pith?
    Every stew starts with the first onion.
    I took it upon myself to investigate a trifle; it had custard, jelly, soggy sponge things...
    • teddysmum
    • By teddysmum 11th Oct 16, 7:05 PM
    • 8,027 Posts
    • 4,789 Thanks
    teddysmum
    Assuming you are male, your situation could well turn the ladies away for fear you are a 'mummy's boy' who will put parents first.


    Buying a house to let out, as suggested above, will not necessarily make your money grow. Being a proper landlord is not to be taken lightly, coming with both responsibilities and risk (maintenance, damage , bad tenants who don't pay or won't move out, void periods). Also, it may not be that easy to remove tenants when you decide you'd like to move in yourself.
    • G_M
    • By G_M 11th Oct 16, 7:49 PM
    • 40,567 Posts
    • 46,415 Thanks
    G_M
    Any advice whether I should forget about the money or stay and keep saving for longer?
    Thanks
    Originally posted by chrishar
    Forget about the money.

    best way to forget it is to give it to someone else to look after for you - that way you never have to think about it.

    PM me for my sortcode/account number and I'll be happy to oblige.
    • DCFC79
    • By DCFC79 11th Oct 16, 9:26 PM
    • 29,737 Posts
    • 18,828 Thanks
    DCFC79
    Assuming you are male, your situation could well turn the ladies away for fear you are a 'mummy's boy' who will put parents first.


    Buying a house to let out, as suggested above, will not necessarily make your money grow. Being a proper landlord is not to be taken lightly, coming with both responsibilities and risk (maintenance, damage , bad tenants who don't pay or won't move out, void periods). Also, it may not be that easy to remove tenants when you decide you'd like to move in yourself.
    Originally posted by teddysmum
    The OP apparently is renting out a place going by past threads as directed to by glasgowdan.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
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