Any Other DFW's Living At Home?

Oldernotwiser

hattie_pea wrote: »

Not sure that was a particularly productive comment to have made oldernotwiser but seeing as your are interested I do pay house keeping to my parents each month. Their principle concern was that food costs were going to increase so that is what I contribute towards.

Living at home isn't a decision that was made lightly and has required adjustment not only for me but for my parents as well. My parents can't afford to assist me with loans for paying off my debts but this is something they were preapred to do to help me.

The point of my comment was that if your parents are subsidising your living costs then that amounts to the same thing as their paying off your loans. Of course if you're paying your full share of food, bills, council tax etc then that's great. Just don't fool yourself that you're paying for things when it's actually your parents who are forking out.

Oldernotwiser

southernscouser wrote: »

What the hell are you on you crackpot? :undecided

You shouldn't be particularly proud of making assumptions. So stick that in your pipe and smoke it.

And just what assumption have I made? Some people are paying off their debts with their parents' money (indirectly), some people are paying their way at home and also manage to pay off their debts. The two situations are completely different!

bobble_hat

I didn't have the option of moving back home, but I sold up my flat and lodged with Mum for a couple of months until I found a room to rent in a shared house. I was really lucky and have 'mates rates' as my Landlord is a friend.

It's been a big adjustment sharing again, with good points and bad points, mostly good though. It's important to remember that 'needs must' and if you have family that are willing and able to help, then let them, and don't be ashamed about it because once you're debt free and they need you, you'll do the same for them.

I've already offered to build a granny-flat for Mum once I'm rich and famous, but only if she lets me borrow her camper-van. :rolleyes:

Ytaya

I had a landlord who stopped paying the mortgage several years ago, when I was in my early 20s. I moved back home before I was evicted with the plan to start saving for a deposit on my own place. 6 months later, the housing market exploded and I could no longer afford my own place. I also had a poor attitude towards my finances (see sig) and was thus convinced I couldn't afford to rent alone. So at home I stayed.

3 years ago, I quit my job to become a full-time student. There's no way I could have afforded to leave home. But I'll finally be able to move into my own (rented) place this September, when I start a PhD.

I'm glad I had the choice to move home, but I'll be so very glad to move out, too. I love my parents to bits, but I want my own space. Like I said to my friend, I want to be able to run around with my pants on my head if the urge takes me :rotfl:

It's been hard, but it was necessary and I can't regret the choice to live with my parents again (much as I regret the financial choices that got me here!).

ms_london

I guess it depends on your circumstances. For me it was easier & cheaper to move out of home and into London - perhaps that sounds a bit strange - but I was actually better off living & working in London, than working in London & commuting out, plus it meant I kept some of my independence (parents live in a tiny village, I didnt have a car at the time, etc, etc).

I moved to London to earn a better wage in the hope of clearing my debts...

Even now, chances are I will return home broke, but I am NOT moving back in with my parents - I dont want to (as much as I miss them!) and I am sure that they wouldnt want me there anyway (in the nicest possible way!!).. Obviously I will have to come back with SOME money, either that, or spending on my CC, which I WONT be doing.... but I am determined to move straight back into London - again, to find a well paid job to get myself back on my feet again!

As a single person I will also have to go through the struggle of saving a hefty deposit to get myself onto the property ladder, but if I have to rent until this happens, then so be it. Surely if you go from living at home to moving into your first new home you wouldnt be used to half of the costs associated with having your own place? I appreciate most of you do pay your parents rent, food money & other costs - but if some of it is subsidised, then I dont think that this is really helping you in the long run?! Yes, you will have been able to afford your new house, but can you then afford the ongoing monthly outgoings that you wouldnt be paying at your parents (or even the fact that you'll be paying the whole bill & not a percentage).

Not wanting to upset anyone here of course, but sometimes there is never the right time for these things, and once you are debt free & saved your deposit - wont there be another reason cropping up as to why you should stay at home?

SS - of course, if you are fed up with living at your parents at the moment, I am sure my mum & dad would be happy to have you stay for a bit .

xx

Snaggles

Ms London, I think you set off on your adventure just as I was starting to frequent DFW so I never read about your journey to become debt-free, but I've been having a read of your travel diary, and it's fab.....it sounds like you are having an amazing time, and it's such an inspiration to read about someone who has sucessfully tackled their debts, and is now on the other side, enjoying their debt free life.

And you met The Toad!!!!!

Lucy1982_2

Yep. Nearly 25 years old and still living at home :mad:

I live near the M4 commutable for London :mad: Cheapest house prices are £200,000 and renting your looking at about £550 per month. So not going to happen at the moment :mad:

Skint_Catt

Yes I'm still with Mum and Dad (I'm 30! :eek:) and even though my salary has gone up £4k in a year I will still struggle when boyf and I move out in September (to rent for 6m at £550 per month), but that's the only way we can do it!

Ytaya

It's interesting to me how attitudes have changed. When my dad got married in the 60s, they lived with his wife's parents for a couple of years. It was perfectly acceptable; it wasn't seen as sponging, it was seen as families supporting one another. Back then, a lot of newlyweds simply couldn't afford to move out on their own straight away.

I'm not ashamed of living with my parents. They are happy to help me in this way. I'm not funding anything with their money, since if I didn't live here, they wouldn't be renting my room out to anybody else!

Skint_Catt

Ytaya wrote: »

It's interesting to me how attitudes have changed. When my dad got married in the 60s, they lived with his wife's parents for a couple of years. It was perfectly acceptable; it wasn't seen as sponging, it was seen as families supporting one another. Back then, a lot of newlyweds simply couldn't afford to move out on their own straight away.

Certainly in Italy the newlyweds usually live with or above(in a flat) with the grooms parents for some years after they first marry - the grandparents are on site to be looked after by their grown children and to look after the grandchildren too. But then they are generally more family orientated than us! :rolleyes: