Comments on: Friday Financial Foul Ups: Being Too Eager to “Move Out and Move Up” Kept Me In Debt and Cost Me Thousands http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/ Personal Finance for Young Professionals Wed, 16 May 2012 14:10:33 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Weekly Roundup – “Fall Hiking” Edition | Enemy of Debt: Where Behavior Meets Reality http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/comment-page-1/#comment-2216 Weekly Roundup – “Fall Hiking” Edition | Enemy of Debt: Where Behavior Meets Reality Sun, 27 Feb 2011 16:52:43 +0000 http://mynextbuck.com/?p=507#comment-2216 [...] Friday Financial Foul Ups: Being Too Eager to “Move Out and Move Up” Kept Me In Debt and Cost Me... – A GREAT series put together by Brian at My Next Buck. [...] [...] Friday Financial Foul Ups: Being Too Eager to “Move Out and Move Up” Kept Me In Debt and Cost Me… – A GREAT series put together by Brian at My Next Buck. [...]

]]> By: David @ Money Under 30 http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/comment-page-1/#comment-281 David @ Money Under 30 Fri, 06 Nov 2009 18:41:15 +0000 http://mynextbuck.com/?p=507#comment-281 Thanks for all the responses so far! Glad you guys enjoyed the article. Samurai, I was fortunate in that my parents *loved* having me at home. They've had a hard time being empty-nesters, so they probably would've let me stay as long as I wanted. Not everybody's so lucky; I definitely have friends whose parents would charge them hefty rent to live at home again. I'm sure most people face this kind of choice between increasing their freedom and privacy and saving some cash, and everybody probably values those things a bit differently. Hopefully my experience can help some people make the best decision for them at some point! Thanks for all the responses so far! Glad you guys enjoyed the article.

Samurai, I was fortunate in that my parents *loved* having me at home. They’ve had a hard time being empty-nesters, so they probably would’ve let me stay as long as I wanted. Not everybody’s so lucky; I definitely have friends whose parents would charge them hefty rent to live at home again.

I’m sure most people face this kind of choice between increasing their freedom and privacy and saving some cash, and everybody probably values those things a bit differently. Hopefully my experience can help some people make the best decision for them at some point!

]]> By: Craig http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/comment-page-1/#comment-280 Craig Fri, 06 Nov 2009 17:39:48 +0000 http://mynextbuck.com/?p=507#comment-280 It is tough. I lived at home for a year to save up to move out and now basically living pay check to pay check. I wouldn't have been able to move out without the savings. So tough to become independent and save for the future and enjoy a half decent living situation when younger. It is tough. I lived at home for a year to save up to move out and now basically living pay check to pay check. I wouldn’t have been able to move out without the savings. So tough to become independent and save for the future and enjoy a half decent living situation when younger.

]]> By: J. Money http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/comment-page-1/#comment-279 J. Money Fri, 06 Nov 2009 17:38:20 +0000 http://mynextbuck.com/?p=507#comment-279 I would absolutely LOVE to live back w/ my parents rent-free! Just for like a year or something....I salivate at the thought of all that money we'd save. Rough calculations say it would be at *least* $30,000. Damn, how do I go about doing this? haha....I don't think my wife would bee too happy about it though. Nor our cats. Enjoyed reading this! Keep it up Brian & Crew. I would absolutely LOVE to live back w/ my parents rent-free! Just for like a year or something….I salivate at the thought of all that money we’d save. Rough calculations say it would be at *least* $30,000. Damn, how do I go about doing this? haha….I don’t think my wife would bee too happy about it though. Nor our cats.

Enjoyed reading this! Keep it up Brian & Crew.

]]> By: Angie http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/comment-page-1/#comment-278 Angie Fri, 06 Nov 2009 16:52:51 +0000 http://mynextbuck.com/?p=507#comment-278 My parents were begging me to move back in with them after college. No way. I'd rather have 5 extra years of repayment. My life woul be too miserable. I wouldn't call this a foul up. It's you matching your happiness as a priority. I mean. You could have saved a ton of money if all you ate was. Rice for five years too. My parents were begging me to move back in with them after college. No way. I’d rather have 5 extra years of repayment. My life woul be too miserable. I wouldn’t call this a foul up. It’s you matching your happiness as a priority. I mean. You could have saved a ton of money if all you ate was. Rice for five years too.

]]> By: Brian http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/comment-page-1/#comment-277 Brian Fri, 06 Nov 2009 14:50:18 +0000 http://mynextbuck.com/?p=507#comment-277 I too have thought about this situation. I have not had the opportunity to live at home, but i have been slowly downgrading my living over the past few years. When i moved to DC i was paying upwards of $1550 a month for rent (with a roommate). My next apartment was $1250 (with two roommates). Now i pay base rent of $650 with one roommate, in a safe, but far as hell apartment from the city. I have a heck of a commute, but commuting and not having debt is ideal to the reverse. I too have thought about this situation. I have not had the opportunity to live at home, but i have been slowly downgrading my living over the past few years. When i moved to DC i was paying upwards of $1550 a month for rent (with a roommate). My next apartment was $1250 (with two roommates).

Now i pay base rent of $650 with one roommate, in a safe, but far as hell apartment from the city. I have a heck of a commute, but commuting and not having debt is ideal to the reverse.

]]> By: Broke M.B.A. http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/comment-page-1/#comment-276 Broke M.B.A. Fri, 06 Nov 2009 14:24:08 +0000 http://mynextbuck.com/?p=507#comment-276 Great read David. Once again, I'm amazed at how vast the cost of living spread can be depending on which part of the country you live in. $650 for a 10X12 room and a shared bathroom?!? Wow. We've been paying $610 for an 850 sq. ft. apartment in a quiet and safe neighborhood for the last couple of years. Great advice about how patience pays off! Great read David. Once again, I’m amazed at how vast the cost of living spread can be depending on which part of the country you live in. $650 for a 10X12 room and a shared bathroom?!? Wow. We’ve been paying $610 for an 850 sq. ft. apartment in a quiet and safe neighborhood for the last couple of years.

Great advice about how patience pays off!

]]> By: Jeff http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/comment-page-1/#comment-275 Jeff Fri, 06 Nov 2009 14:22:45 +0000 http://mynextbuck.com/?p=507#comment-275 I believe the term these days is Boomerang. A Boomerang is a grown kid who leaves home then returns. Also know as a “back-to-the-bedroom-kid” Often this is a temporary situation but in extreme cases the symptoms can linger for many years. I think it is somewhat normal for people to move back in with their parents. I did it too for 6 months and took the same path as you. I can relate to EVERYTHING in your post. Great job explaining it. The only problem I had was I was continuing to live "la vida loca" and spending my butt off. At least until I moved back out on my own, then reality set in. At least you are on your last debt. Awesome! Keep fighting and keep writing... Thanks for sharing your FFF Jeff I believe the term these days is Boomerang. A Boomerang is a grown kid who leaves home then returns. Also know as a “back-to-the-bedroom-kid” Often this is a temporary situation but in extreme cases the symptoms can linger for many years.

I think it is somewhat normal for people to move back in with their parents. I did it too for 6 months and took the same path as you. I can relate to EVERYTHING in your post. Great job explaining it.

The only problem I had was I was continuing to live “la vida loca” and spending my butt off. At least until I moved back out on my own, then reality set in.

At least you are on your last debt. Awesome! Keep fighting and keep writing…

Thanks for sharing your FFF
Jeff

]]> By: Financial Samurai http://mynextbuck.com/friday-financial-foul-ups-being-too-eager-to-%e2%80%9cmove-out-and-move-up%e2%80%9d-kept-me-in-debt-and-cost-me-thousands/comment-page-1/#comment-273 Financial Samurai Fri, 06 Nov 2009 12:33:58 +0000 http://mynextbuck.com/?p=507#comment-273 Nice post David! I think it's absolutely NORMAL for you to want to be independent and live on your own. After all, slumming it with buddies happened for 4 years in college already! It's interesting how you write from your perspective of loving your parents, but not loving to live with them. What about your parents though? Do you think they loved having their grown son still living with them after college? I'm sure some parents do. I wonder how it is for folks nowadays. I remember about 10-15 years ago, it was actually dishonorable to live with your parents after college. Have perceptions changed since then? Heck, if my parents had a nice Park Avenue townhouse in NYC, I would MOST CERTAINLY try and live for free for the first couple years! I paid $1,000/month to SHARE a studio way back when. :) Freedom is pricelss for me now though, and is worth the extra premium to be on my own, the longer you've been away from college. Best, FS Nice post David! I think it’s absolutely NORMAL for you to want to be independent and live on your own. After all, slumming it with buddies happened for 4 years in college already!

It’s interesting how you write from your perspective of loving your parents, but not loving to live with them. What about your parents though? Do you think they loved having their grown son still living with them after college? I’m sure some parents do.

I wonder how it is for folks nowadays. I remember about 10-15 years ago, it was actually dishonorable to live with your parents after college. Have perceptions changed since then?

Heck, if my parents had a nice Park Avenue townhouse in NYC, I would MOST CERTAINLY try and live for free for the first couple years! I paid $1,000/month to SHARE a studio way back when. :)

Freedom is pricelss for me now though, and is worth the extra premium to be on my own, the longer you’ve been away from college.

Best,

FS

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