I’ve been living at my Dad’s house since I graduated from college in May, without any college debt, might I add! While I like living with my siblings, I’ve been having trouble with my Dad’s rules and my step-mother. My dad is very traditional and thinks I should live at home until I get married (yikes!) and would not be supportive of me moving out.
I’m saving money and with my job situation, it doesn’t seem financially responsible to move out. The problem is, I’ve been so unhappy living at home that I feel like moving out is my only option.
When did you move out of your parent’s home?
I’ve made a list of pros and cons to try to help me make an informed decision. Most of the cons are financial so the question boils down to whether it is more important to save money or stay sane.
1. Learn Financial Responsibility – Not too long ago I spent $1,400 in 4 days! Ugh. Looking back, I realize how nice a cushion those savings would have been while moving out. Once I move out, I will be responsible for my bills. I will be forced to learn budgeting skills, which will prepare me to take care of my own family one day. While this is a little scary, I think that I’d be able to adjust (I hope!).
2. Peace of Mind – While saving money while living at home has been great, I’ve had to give up other things. It’s been hard to adjust to living with someone I barely know (my step-mother) and to live by my father’s rules. Unfortunately, I sometimes feel like an unwanted guest in my own home.
3. Less Family Responsibility – While at home I spend a lot of time helping out with my little brother and my nephew who sleeps over two or more times a week. By moving out I’d have more time to focus on myself and would feel less obligated to help with babysitting and other family chores in exchange for my Dad paying my bills. Taking away the financial help my father gives me would make me feel less in-debt to him and my family.
4. Privacy – I have very little privacy while living at home. My dad is especially concerned with allowing my boyfriend and I to be alone…ever. Since my boyfriend lives in PA when he visits he stays with us and this is really the only time I see him.
1. Paying Rent – Even with roommates rent is going to cost between $400-$700 a month. This would make saving money a lot harder and it would be a big cut of my monthly budget.
2. Buying Groceries – While at home I haven’t had to buy any groceries so this would again cut into my budget. But I’d be able to choose the foods that I want to eat. My Dad tends to buy unhealthy snacks (that I find hard to resist!) and by living alone I wouldn’t be tempted by these treats.
3. Angry Dad – My Dad would be very angry if I moved out. He doesn’t believe that I should move out until I’m married because he’s very traditional and because he thinks it’s financially irresponsible. While I see his point, angering him wouldn’t be enough to keep me from moving out.
4. Bye-Bye Savings – In order to pay for furnishings, appliances, rent and groceries I would use up all of my savings. I haven’t gotten my dream job yet so in order to move out I would have to get another job to be able to save as much as I had been previously. Still, another job might be less stressful than living at home.
5. Away From Family – Moving out would help me get away from the family drama but it would also leave me far away from my little brother who I spend a lot of time with. I’m not sure how he would react to me moving out and that was one of the main reasons I made the choice to move home after college.
Trying to decide whether or not to move out has been wearing on me. I’m aware that it may not be the smartest decision financially, but I still feel like it’s the best choice overall. My main concern is that after moving out I’ll regret spending my money and savings. Do you have any tips for moving out and saving money?