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Moving back home to save money?

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Comments

  • In terms of savings I always have around 6.5k saved up on my bank account. So id only move back home for a couple years most likely.
  • warby68
    warby68 Posts: 3,135 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    At 25 and having moved out for possibly the wrong reasons, I don't think there's anything wrong with writing this flat off and going home again. The place you live has to feel like home and yours clearly doesn't, probably because its all connected to the unhappiness of the split with your ex. I'd rebuild your personal happiness a bit and then see how you feel like living.

    For now, just accept that this was the wrong place at the wrong time and don't worry that it means you have some lifelong problem with living independently. You probably don't. Its more likely reaction to your life suddenly changing direction from where you thought you were headed.

    You are solvent so further changes of plan are easily possible when the time is right.
  • I did this. Bought my own flat in early twenties. Moved home in mid twenties as hated it. Now buying my own house.

    I hated a flat. I hated feeling alone in it even though I had a great social life. I hated the fact it was close to everyone but the wrong location. I’ve learnt a lot from getting it wrong, but going home gave me the chance to save and discover myself a bit by travelling, taking up new jobs and skills with the money I freed up.

    And yes, occasionally some people tell me I’m too old as it’s taken a few years to save a deposit (London...) but most of those people are renting or in flat shares and I’m buying a beautiful house. So it’s been worth the trade off.
  • If you're local to your parents, why not stick with the flat for the next 6 months, but pop home for tea a couple times a week, maybe stay the odd overnight. You get the best of both worlds then, you can have the company when you need it, and when you want space, you have that too. I've a friend who did that - she bought a cottage a couple of miles from her mum's using her inheritance from her dad to pay for it outright. When she split with her boyfriend she would spend a couple of nights a week at her mum's, staying over from time to time, until such time as a new man came on the scene. It worked well for both of them.

    You also never know when a new man may show up - and having a place of your own is far better than trying to get to know them in your parents house; so much more private, and nobody there to pass comment.
  • Good evening everybody, I’ve just issued my estate agent written notice. I’ve spoken to my parents and I’m now in the process of moving back home. I already feel as if a weight had been lifted off my shoulders. Now I just have to wait for my notice to be agreed by the estate agent tomorrow and then no doubt my landlord will want to speak to me too as they live on site.
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